---
schema_version: "secwatch.filing_event.v1"
accession: "0001805833-23-000145"
form_type: "8-K"
ticker: "SST"
cik: "0001805833"
company_name: "System1, Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:04:35.159357+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# System1 Q2 2023 revenue $147.2M, operating loss $36.4M, adjusted EBITDA $14.6M

## Summary
- 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.

## SEC filing metadata
- accession: 0001805833-23-000145
- form_type: 8-K
- ticker: SST
- cik: 0001805833
- company_name: System1, Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805833/000180583323000145/0001805833-23-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805833/000180583323000145/sst-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001805833-23-000145
- JSON: https://secwatch.observer/filing/0001805833-23-000145.json
- Plain text: https://secwatch.observer/filing/0001805833-23-000145.txt

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