System1 misses Q3 revenue estimates

Reuters11-06

<a href="https://laohu8.com/S/SST">System1</a> misses Q3 revenue estimates

Overview

System1 Q3 revenue fell 31% yr/yr, missing analyst expectations
Adjusted gross profit margin rose to 59% from 42% yr/yr
Company's marketing business challenged by changes at Google, shifting focus to new product

Outlook

System1 will not provide financial guidance for Q4 2025 due to market uncertainties

Result Drivers

PRODUCTS SEGMENT - Shift towards higher-margin Products segment now majority of gross profit
AI INTEGRATION - AI integration across business improved gross margins and reduced operating expenses
GOOGLE CHALLENGES - Marketing business affected by changes at Google, shifting focus to new product

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Miss	$61.60 mln	$74.50 mln (1 Analyst)
Q3 Net Income		-$22 mln
Q3 Adjusted EBITDA		$9.90 mln
Q3 Adjusted Gross Profit		$36.10 mln
Q3 Gross Profit		$22.80 mln

Analyst Coverage

The one available analyst rating on the shares is "buy"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for System1 Inc is $10.00, about 43.1% above its November 4 closing price of $5.69

Press Release: ID:nBw1PKSHHa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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consulting peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for System1 Inc is $10.00, about 43.1% above its November 4 closing price of $5.69</p></li></ul><p>Press Release: <span>ID:nBw1PKSHHa</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2746668461.USD","symbol_name":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251105:nL1N3WH1G0:1","article_id":"2581088314","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581088314","pubTimestamp":1762380166,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"System1 misses Q3 revenue estimatesOverviewSystem1 Q3 revenue fell 31% yr/yr, missing analyst expectationsAdjusted gross profit margin rose to 59% from 42% yr/yrCompany's marketing business challenged","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","LU0107464264.USD":"abrdn SICAV I - 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Shift towards higher-margin Products segment now majority of gross profitAI INTEGRATION - AI integration across business improved gross margins and reduced operating expensesGOOGLE CHALLENGES - Marketing business affected by changes at Google, shifting focus to new productKey DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueMiss$61.60 mln$74.50 mln (1 Analyst)Q3 Net Income-$22 mlnQ3 Adjusted EBITDA$9.90 mlnQ3 Adjusted Gross Profit$36.10 mlnQ3 Gross Profit$22.80 mlnAnalyst CoverageThe one available analyst rating on the shares is \"buy\"The average consensus recommendation for the it services & consulting peer group is \"buy\"Wall Street's median 12-month price target for System1 Inc is $10.00, about 43.1% above its November 4 closing price of $5.69Press Release: ID:nBw1PKSHHaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. 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