earnings
confidence high
sentiment negative
materiality 0.80
System1 Q2 2023 revenue $147.2M, operating loss $36.4M, adjusted EBITDA $14.6M
System1, Inc.
2023-Q2 EPS reported
-$0.74
revenue$315,092,000
- Revenue of $147.2M, down 33% YoY from $219.8M in Q2 2022.
- Operating loss of $36.4M vs loss of $31.1M in Q2 2022.
- Net loss from continuing operations of $44.2M, vs $33.8M in prior year.
- Adjusted EBITDA of $14.6M, down from $34.2M in Q2 2022.
- O&O revenue $77.3M, RPS $0.09, spread 55% compared to 30% a year ago.