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System1 reports Q3 adjusted EBITDA $29.5M vs. $23.2M last year

Reports Q3 revenue $201.2M, consensus $200.9M. "During Q3, System1 continued to make progress on our key operating priorities, including a significant upgrade to our RAMP platform, scaling new subscription products and integrating our recent acquisitions," commented Michael Blend, CEO. "Despite seeing headwinds in the advertising environment, our platform generated significant annual growth and adjusted EBITDA. While continuing to invest for our longer-term success, we also retain the flexibility to deploy capital under our previously announced stock and warrant repurchase authorization."

Published first on TheFly

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