System1, Inc. (SST) Q3 2024 Earnings Call Transcript Summary
System1, Inc. (SST) Q3 2024 Earnings Call Transcript Summary
Notably, owned and operated products generated $71 million in revenue, up 7% year-over-year but down 9% from last quarter. Adjusted gross profit for these was $26 million, up 11% year-over-year.The following is a summary of the System1, Inc. (SST) Q3 2024 Earnings Call Transcript:
以下是System1, Inc.（SST）2024年第三季度业绩会议呼叫记录摘要：
Financial Performance:
财务表现：
System1 reported $89 million in revenue and $38 million in gross profit for Q3 2024.
Adjusted EBITDA was $10.3 million, marking a year-over-year increase of 28%.
Notably, owned and operated products generated $71 million in revenue, up 7% year-over-year but down 9% from last quarter. Adjusted gross profit for these was $26 million, up 11% year-over-year.
Partner Network revenues were $18 million, down 17% year-over-year but up 5% sequentially. Adjusted gross profit for this segment was $13 million.
System1报告2024年第三季度营业收入为8900万美元，毛利润为3800万美元。
调整后的EBITDA为1030万美元，同比增长28%。
值得注意的是，旗下产品在收入方面实现了7100万美元，同比增长7%，但与上一季度相比下降了9%。其中这些产品的调整毛利润为2600万美元，同比增长11%。
合作伙伴网络的营收为1800万美元，同比下降17%，但环比增长5%。该部分的调整毛利润为1300万美元。
Business Progress:
业务进展：
Continued growth and innovation in owned and operated products like Startpage and MapQuest, with increased user sessions and new private browser app launches.
Investment in RAMP has improved marketing campaign efficiency and scaling, with AI integration playing a significant role in optimization.
Despite market volatility, System1 is reducing operating expenses and focusing on operational efficiency.
持续增长和创新的像Startpage和MapQuest这样的旗下业务，用户会话增加以及新的私人浏览器应用程序推出。
对RAMP的投资提高了营销活动效率和规模，人工智能集成在优化中发挥了重要作用。
尽管市场波动，System1正在减少营业费用，并专注于运营效率。
Opportunities:
机会：
System1 is optimistic about rebounding business relations with Google's Search Partner Network in 2025.
International market expansions have increased, now comprising 35% of owned and operated revenue.
System1对2025年与谷歌搜索合作伙伴网络业务关系复苏持乐观态度。
国际市场扩张已增加，现在占拥有和经营营业收入的35%。
Risks:
风险：
System1 faces volatility due to its dependence on Google's Search Partner Network, which has underperformed compared to the broader Google business.
The potential regulatory changes following a shift in administration could impact the digital advertising ecosystem and the antitrust landscape.
System1面临波动，这是由于其对谷歌搜索合作伙伴网络的依赖，后者与更广泛的谷歌业务相比表现不佳。
随着政府管理方式的变更可能影响数字广告生态系统和反垄断格局。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由人工智能生成。内容准确性无法完全保证。如需更全面详情，请参阅IR网站。本文仅供投资者参考，不具有任何指导或推荐建议。
