System1 Announces Third Quarter 2026 Financial Results
Business Wire•12/11/2026•16:05 ET
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Key Highlights
- ➤Revenue $26.0 million, down from $61.6 million year-over-year
- ➤GAAP net loss $61.5 million, versus $22.0 million loss
- ➤Adjusted EBITDA $(0.7) million, versus $9.9 million profit
- ➤System1 intends to voluntarily delist from the New York Stock Exchange
- ➤Cash and equivalents fell to $12.4 million from $86.9 million year-end
Expert Statements
Michael Blend, Co-Founder and Chief Executive Officer of System1
“Our third quarter was challenging, as Google's AI overviews continued to siphon traffic from publishers and Google reduced monetization for independent search engines,”
Michael Blend, Co-Founder and Chief Executive Officer of System1
“We responded with a comprehensive strategic review of our businesses and a reallocation of resources to our offerings where AI is a tailwind.”
Michael Blend, Co-Founder and Chief Executive Officer of System1
“Our decision to move from the NYSE to the OTC Venture Market comes from the same discipline – lowering our costs and freeing our team to focus on growth initiatives.”
Tridivesh Kidambi, Chief Financial Officer of System1
“Our third quarter results reflect continued pressure on Google monetization at Startpage and the loss of monetizable organic traffic to CouponFollow driven by Google displacing organic links with AI overviews on its search results pages.”
Tridivesh Kidambi, Chief Financial Officer of System1
“Our priority is maximizing cash flow and preserving liquidity while we invest selectively behind our highest-return opportunities.”
* Company announces intention to voluntarily delist from the New York Stock Exchange
System1, Inc. (NYSE: SST) ("System1" or the "Company"), which operates flagship internet utilities including CouponFollow, MapQuest, and Startpage, and a best-in-class customer acquisition and marketing platform powered by artificial intelligence, today announced its financial results for the third quarter of 2026.
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