System1 Announces Second Quarter 2023 Financial Results
System1, Inc. (NYSE: SST) (“System1” or the “Company”), an omnichannel customer acquisition marketing platform, announced its financial results for the second quarter of 2023.
- System1, Inc. (NYSE: SST) (“System1” or the “Company”), an omnichannel customer acquisition marketing platform, announced its financial results for the second quarter of 2023.
- Financial results for the quarter were negatively impacted by the termination in late July of a Network Advertising partner, resulting in a $3.3 million charge.
- The variability of these items could have an unpredictable, and potentially significant, impact on the Company’s future GAAP financial results.
- Finished the quarter with almost 2.8 million subscribers, up over 20% year-over-year, reflecting an increase of almost 200,000 subscribers over the end of our prior quarter.