---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-036198"
form_type: "8-K"
ticker: "SST"
cik: "0001805833"
company_name: "System1, Inc."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:09:19.579656+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# System1 Q2 revenue $94.6M, net loss $34.8M; O&O sessions surge 145% YoY

## Summary
- Revenue $94.6M, down 2% YoY from $96.9M; net loss from cont. ops $34.8M vs $29.5M loss.
- Adjusted EBITDA improved to $9.9M from $6.1M in Q2 2023.
- O&O revenue $77.4M; sessions 2.0B (+145% YoY); cost-per-session fell to $0.02 from $0.06.
- Partner Network revenue $17.2M, down from $19.6M; sessions 2.1B.
- O&O direct adjusted gross profit $27.4M vs $27.6M a year earlier.

## SEC filing metadata
- accession: 0001628280-24-036198
- form_type: 8-K
- ticker: SST
- cik: 0001805833
- company_name: System1, Inc.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805833/000162828024036198/0001628280-24-036198-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805833/000162828024036198/sst-20240808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-036198
- JSON: https://secwatch.observer/filing/0001628280-24-036198.json
- Plain text: https://secwatch.observer/filing/0001628280-24-036198.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.