earnings
confidence high
sentiment neutral
materiality 0.70
System1 Q3 2024 revenue $88.8M (+1% YoY); net loss widens to $30.6M
System1, Inc.
2024-Q3 EPS reported
-$0.88
revenue$268,330,000
- Net loss from continuing ops $30.6M vs $25.9M loss in Q3 2023; operating loss $21.8M.
- O&O advertising revenue $70.8M (+7% YoY); Partner Network revenue $18.0M (-17% YoY).
- O&O sessions surged 124% YoY to 2.07B, but RPS dropped from $0.07 to $0.03.
- Adjusted EBITDA improved to $10.3M from $8.1M YoY; sequential revenue down 6%.