earnings
confidence high
sentiment negative
materiality 0.75
System1 Q3 revenue down 31% YoY to $61.6M; adjusted EBITDA slips to $9.9M
System1, Inc.
2025-Q3 EPS reported
-$6.67
revenue$214,189,000
- Revenue $61.6M vs $88.8M YoY; net loss from continuing ops $22.0M vs $30.6M.
- Adjusted EBITDA $9.9M vs $10.3M YoY; operating loss narrowed to $15.6M from $21.8M.
- Marketing Platform Revenue $100.6M vs $130.2M YoY; Traffic Acquisition Cost $84.0M.
- Products GAAP Revenue grew 8.4% to $22.5M; sessions up 23.5% to 584.7M.