System1 — Third Quarter 2026 Earnings Summary

System1, Inc. reported third-quarter 2026 revenue of $26.0 million, a significant decline from the $61.6 million recorded in the same period of 2025. The company posted a GAAP net loss of $61.5 million and an adjusted EBITDA of negative $0.7 million, driven by substantial impairment charges and reduced monetization from Google's AI overviews. Key operational highlights included the MapQuest app reaching number one on major app stores and Startpage integrating into Mozilla's Firefox browser. In response to these financial pressures and strategic shifts, System1 announced its intention to voluntarily delist from the New York Stock Exchange and move to the OTC Venture Market.