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System1 Inc. (SST)
:SST
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Earnings Data
Report Date
Apr 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.23Last Year’s EPS
-0.18Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 12, 2022
|% Change Since: -44.55%
|Next Earnings Date:Apr 04, 2022
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were strong performances in owned and operated products, international expansion, and operational efficiency, these were offset by significant challenges in the marketing-driven business, particularly with the Google search partner network. Despite exceeding EBITDA guidance, the uncertainty in the advertising market led to the withholding of Q4 guidance.Company Guidance
During the Q3 2024 earnings call, System1 provided detailed guidance and performance metrics, emphasizing a strong quarter despite a fluctuating advertising market. The company reported $88.8 million in revenue, a 1% year-over-year increase, with a 6% sequential decline. The adjusted EBITDA reached $10.3 million, reflecting a 28% year-over-year and 4% sequential growth. Michael Blend, CEO, highlighted that System1's owned and operated products, such as Startpage and MapQuest, performed well, contributing to a 16% sequential increase in product revenue. However, challenges were noted in the marketing-driven business lines, primarily due to volatility in the Google Search Partner Network (SPN), impacting revenue per session (RPS) and cost per session (CPS), which both decreased. International revenue now constitutes 35% of owned and operated revenue, up from 24% in Q3 2023. The company also reported significant growth in user sessions and product launches, with over 12,000 new marketing campaigns in Q3, a 50% increase from Q1. Despite the mixed market conditions, System1 plans to leverage its RAMP platform and AI integration for future growth, though it withheld Q4 guidance due to ongoing market uncertainties.Exceeded EBITDA Guidance
System1 achieved $10.3 million in adjusted EBITDA, surpassing the high-end of guidance and representing a year-over-year growth of 28%.
Strong Performance in Owned and Operated Products
Revenue from owned and operated products increased 16% sequentially and 7% year-over-year, driven by successful performance from Startpage, MapQuest, and CouponFollow.
Significant Increase in User Engagement
User sessions on owned and operated properties exceeded 2 billion, marking a 125% year-over-year increase.
Growing International Reach
International revenue represented 35% of owned and operated revenue, compared to 24% in Q3 of 2023.
Investment in RAMP Platform
The integration of AI into the RAMP platform led to a 50% increase in new marketing campaigns, enhancing efficiency and scalability.
Improved Operational Efficiency
Operating expenses decreased by 5% sequentially, reflecting ongoing cost control measures.
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SST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.10 | $1.05 | -4.55% |
| Aug 08, 2024 | $1.17 | $1.13 | -3.42% |
| May 09, 2024 | $1.77 | $1.60 | -9.60% |
| Mar 18, 2024 | $1.44 | $1.49 | +3.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does System1 Inc. (SST) report earnings?
System1 Inc. (SST) is schdueled to report earning on Apr 07, 2025, TBA Not Confirmed.
What is System1 Inc. (SST) earnings time?
System1 Inc. (SST) earnings time is at Apr 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SST EPS forecast?
SST EPS forecast for the fiscal quarter 2024 (Q4) is -0.23.
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