Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

System1 Surges 40% After Revenue Jumps 48%

Published 05/04/2022, 17:48
SST
-

By Sam Boughedda

Investing.com -- System1 Inc (NYSE:SST) Inc shares are trading higher Tuesday after the company reported its fourth-quarter results, showing a 48% rise in revenue from the previous year. 

The customer acquisition marketing platform, which recently began life as a public company following a SPAC merger with Trebia Acquisition Corp, reported revenue of $239 million in Q4, compared to $161 million in the prior year. 

Net revenue also shot higher, reaching $31 million compared to $7 million in the prior year.

“We are excited to report our fourth quarter and full year 2021 results, which demonstrate the increasing value of our RAMP technology platform, while we continue to focus on growing our advertising and subscription businesses," said Michael Blend, co-founder, and CEO of System1.

For full-year 2022, the company expects revenue of $1 billion, up 20% year-over-year and adjusted EBITDA of $174 million, up 37%.

The company stated that the guidance includes the contribution of the RoadWarrior and CouponFollow acquisitions.

System1 hit a high of $37.10 on Tuesday. It currently trades around the $22.16 mark, up 34.2%.

"For 2022, we see numerous opportunities to expand our business and will continue to invest in and innovate on our RAMP technology platform. As a new public company, we welcome our new shareholders who are joining us as we solidify our position as a leading privacy-centric digital marketer," added Blend.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.