The earnings call presented a mixed outlook. Strong growth in the product segment and successful AI investments were overshadowed by significant challenges in the marketing segment, particularly with Google-related volatility. The company's decision not to provide future guidance reflects uncertainty, indicating a balanced view of current operations.

Company Guidance -

Q3 2025

In the recent earnings call for System1, the company reported solid financial performance for the second quarter of 2025. The adjusted EBITDA increased by 18% year-over-year to $11.7 million, while the revenue reached approximately $78 million, marking a 6% year-over-year increase in adjusted gross profit to $41 million. The company's product segment, with products like Startpage, MapQuest, and CouponFollow, experienced significant revenue growth of 34% year-over-year and 8% sequentially, contributing $24 million to the total revenue. Despite challenges in the marketing segment, particularly due to volatility in the Google Search Partner Network, the company remains optimistic about future growth. The marketing segment saw a 29% decline in revenue year-over-year, totaling $54 million, but showed a 4% sequential increase. System1 also highlighted a significant investment in AI-powered Agentic coding, which is expected to drive further revenue growth and margin improvement. The company ended the quarter with $63.6 million in unrestricted cash and remains well-positioned to capitalize on future growth opportunities.

Strong Product Segment Performance

Product segment revenue increased by 34% year-over-year and 8% sequentially, with adjusted gross profit up 32% year-over-year. Key products like CouponFollow, Startpage, and MapQuest showed significant growth, with user sessions up 40% for CouponFollow and 30% for Startpage.

Record Adjusted EBITDA

Adjusted EBITDA rose to $11.7 million, marking an 18% year-over-year increase, showcasing strong operational efficiency and cost management.

Successful AI Investment

Heavy investment in AI-powered Agentic coding has been successful, with ahead-of-schedule execution on product development and platform expansion.

Increased Partner Network Revenue

Despite challenges, the Partner Network business showed sequential growth, with average revenue per partner up 29% sequentially.

System1 (SST) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SST Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	-2.78 / -	-2.5	―	―	―
Aug 07, 2025	2025 (Q2)	-2.60 / -1.86	-2.8	33.57% (+0.94)
May 06, 2025	2025 (Q1)	-3.50 / -1.70	-1.8	5.56% (+0.10)
Mar 10, 2025	2024 (Q4)	-2.30 / -1.92	-2.9	33.69% (+0.98)	―
Nov 07, 2024	2024 (Q3)	-2.90 / -2.50	-2.1	-19.05% (-0.40)	―
Aug 08, 2024	2024 (Q2)	-4.20 / -2.80	-3.85	27.27% (+1.05)	―
May 09, 2024	2024 (Q1)	-5.10 / -1.80	-5.1	64.71% (+3.30)	―
Mar 18, 2024	2023 (Q4)	-3.30 / -2.90	0.65	-546.15% (-3.55)	―
Dec 12, 2023	2023 (Q3)	-0.70 / -2.10	-2.9	27.59% (+0.80)	―
Aug 09, 2023	2023 (Q2)	- / -	-0.225	―	―

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

SST Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$5.89	$5.44	-7.64%
May 06, 2025	$3.73	$4.23	+13.40%
Mar 10, 2025	$4.93	$5.00	+1.42%
Nov 07, 2024	$11.00	$10.50	-4.55%

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.

FAQ

When does System1 (SST) report earnings?

System1 (SST) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is System1 (SST) earnings time?

System1 (SST) earnings time is at Nov 06, 2025, Before Open (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 2025 (Q3) is -2.78.

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