System1(SST) - 2024 Q3 - Quarterly Results

Exhibit 99.1 System1 Announces Strong Third Quarter 2024 Financial Results All Key Financial Results At or Above the High-End of Guidance Range • Revenue Increased 1% Over Prior Year to $88.8 Million • GAAP Gross Profit Flat Over Prior Year at $24.8 Million • Adjusted Gross Profit Increased 1% Over Prior Year to $37.6 Million • GAAP Net Loss Increased $4.7 million Over Prior Year to $30.6 Million • Adjusted EBITDA Increased 27% Over Prior Year to $10.3 Million LOS ANGELES, CA – November 7, 2024 – System1, I ...