Welcome to our dedicated page for System1 news (Ticker: SST), a resource for investors and traders seeking the latest updates and insights on System1 stock.
System1, Inc. (SST) operates at the intersection of data science and digital advertising through its responsive acquisition marketing platform. This dedicated news hub provides investors and industry professionals with essential updates spanning corporate developments, strategic partnerships, and technological innovations.
Our curated collection offers immediate access to earnings announcements, leadership changes, and product enhancements directly impacting the health, automotive, and finance sectors. The platform combines official press releases with third-party analysis to present a complete picture of System1's market position.
Key focus areas include updates from both the Owned & Operated Advertising division and Partner Network operations, providing insights into customer acquisition strategies and cross-industry applications of the company's proprietary technology. Regular updates ensure stakeholders stay informed about operational milestones and competitive positioning.
Bookmark this page for streamlined access to System1's evolving story. Check back frequently for verified updates on marketing technology advancements and corporate initiatives that shape the digital advertising landscape.
System1 (NYSE: SST) has announced its participation in three upcoming investor conferences in December 2024. The company will attend the UBS Global Technology and AI Conference in Scottsdale (Dec 2-5), the Raymond James TMT and Consumer Conference in New York (Dec 9-11), and The Benchmark Company's 13th Annual Discovery One-on-One Investor Conference in New York (Dec 11).
CFO Tridivesh Kidambi will be available for one-on-one meetings at all events and will participate in a panel discussion on digital advertising debates at the Raymond James conference on December 9 at 10:00 AM ET.
System1 (NYSE: SST), an omnichannel customer acquisition marketing platform, announced its financial results for Q3 2024. Key metrics were at or above the high end of guidance. Revenue increased by 1% year-over-year to $88.8 million. GAAP Gross Profit remained flat at $24.8 million, while Adjusted Gross Profit rose 1% to $37.6 million. However, GAAP Net Loss increased by $4.7 million to $30.6 million. Adjusted EBITDA saw a significant rise of 27%, reaching $10.3 million.
Highlights include a 100%+ increase in organic sessions for CouponFollow.com, over 200,000 downloads for Startpage's new Private Browser app, and a new multi-year deal for MapQuest with HERE, improving user experience and cost savings.
System1 (NYSE: SST), an omnichannel customer acquisition marketing platform, has scheduled its Q3 2024 financial results release for Thursday, November 7, 2024, after market close. The company will hold a conference call at 5:00 PM ET on the same day to discuss the results. Investors can access the live webcast and replay through System1's Investor Relations website at ir.system1.com.
MapQuest, the original internet mapping solution, has launched Private Maps by MapQuest, the first app from a leading mapping brand designed to protect users' privacy. Available for download on Android devices, the app offers:
- Anonymous Mode: Search history stays on the device and clears automatically
- Private Favorites: Go-to places saved only on the device
- Anonymous Analytics: Only anonymous data used to improve the app
The app was developed in collaboration with Startpage, the world's most private search engine, and incorporates high-quality map content from HERE Technologies. MapQuest, now owned by System1, has undergone significant tech improvements, offering faster and more intuitive navigation.
System1 (NYSE: SST) announced its second quarter 2024 financial results, surpassing the high-end of its guidance. Revenue increased by $9.7 million to $94.6 million, while gross profit rose 40% to $26.1 million. Adjusted gross profit saw a 24% increase, reaching $38.8 million. However, GAAP net loss grew by 152% to $34.8 million. Adjusted EBITDA improved by $9.5 million to $9.9 million.
The company renewed a key monetization partnership with Google. CouponFollow.com showed a 36% year-over-year increase in organic traffic, and Startpage's new Private Browser app surpassed 50,000 downloads. MapQuest reported a 10% increase in organic visits.
For the third quarter of 2024, System1 expects revenue between $86 million and $88 million, gross profit between $23 million and $25 million, and adjusted EBITDA between $8 million and $10 million.
System1 (NYSE: SST), an omnichannel customer acquisition marketing platform, has announced it will release its second quarter 2024 financial results on Thursday, August 8, 2024, after the U.S. stock market closes. The company's management team will host a conference call at 5:00 PM ET on the same day to discuss the results. Investors and interested parties can access the live webcast and replay of the conference call through System1's Investor Relations website at ir.system1.com. This announcement provides shareholders and analysts with a specific date to anticipate the company's latest financial performance update.
System1, Inc. (NYSE: SST) announced its first quarter 2024 financial results, surpassing the high end of guidance ranges for revenue, adjusted gross profit, and adjusted EBITDA. Despite revenue decreasing by $11.2 million to $84.9 million, the company saw a 25% decrease in gross profit to $18.6 million. GAAP net loss decreased by 46% to $14 million. Adjusted EBITDA dropped by $9.6 million to $0.4 million. The company provided second quarter guidance of $88-90 million revenue and $5-7 million adjusted EBITDA.
System1, Inc. (NYSE: SST) will participate in the 19th Annual Needham Technology, Media, & Consumer Conference on May 14-16, 2024, both in-person in New York, NY and virtually. Management will present at 3:45 PM ET on May 16, 2024, and will be available for one-on-one meetings.
System1, Inc. (NYSE: SST) will report financial results for the first quarter of 2024 on May 9, 2024. The Company, an omnichannel customer acquisition marketing platform, will host a conference call to discuss the results.
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