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System1, Inc. reports developments tied to its omnichannel customer acquisition marketing platform and its portfolio of consumer brands in shopping, travel and search. The company describes its platform as powered by artificial intelligence and machine learning and focused on delivering high-intent customers to advertising partners.
Recurring news includes quarterly financial results, non-GAAP operating metrics, investor conference participation, product updates and brand partnerships. Company updates have covered MapQuest navigation, mapping APIs and RoadWarrior route optimization; Startpage privacy-focused search and AI tools; CouponFollow offer-performance tools; and 1.org, a charitable search engine that directs a portion of search-driven advertising revenue to nonprofit partners.
System1 (NYSE:SST) reported Q2 2026 revenue of $30.2 million, down from $78.1 million a year earlier, with GAAP gross profit of $24.3 million and an 80% margin. GAAP net loss was $15.3 million, while Adjusted EBITDA was $1.9 million. According to System1, a signed debt exchange agreement is expected to reduce gross debt by roughly half.
Adjusted gross profit was $25.5 million, an 85% margin, reflecting a mix shift toward higher-margin Products. Cash and cash equivalents were $40.5 million and total stockholders’ equity was $(53.0) million. The company launched new agentic AI offerings, including MapQuest and Dogpile MCP servers, the IntentStream audience data platform, and Dogpile Fetch search API, while CouponFollow became the second-largest organic coupon site and Startpage sessions grew 31% and mobile app sessions 63% year-over-year.
MapQuest (NASDAQ:SST) launched the MapQuest MCP Server, a hosted Model Context Protocol (MCP) server that gives AI agents direct access to MapQuest geocoding, routing, and mapping. Any MCP-compatible agent, including Claude, Cursor, and Codex, can automatically discover and use these tools with minimal setup.
To promote adoption, MapQuest is offering a shared pool of 1 billion free transactions to developers who connect through the MCP server while the pool lasts. The service supports address and reverse geocoding, multi-stop routing, and static or dynamic maps without a MapQuest-specific SDK. The MapQuest MCP Server is available today, with documentation and a five-minute quick start at mapquest.com/mcp, alongside a standing free tier and paid plans for higher-volume use.
System1 (NYSE: SST) launched Dogpile Fetch, a web search API and MCP server built for AI agents and based on the Dogpile metasearch engine. The tool installs into Claude Code, Cursor, or any MCP-compatible client in under two minutes.
Dogpile Fetch classifies queries and routes them to the most suitable backend, returning ranked results, knowledge graph data, and People Also Ask questions. A Deep mode runs multiple searches and deduplicates results. Pricing starts at $2 per 1,000 calls, with a free monthly credit and no credit card required.
According to System1, internal research across seven search APIs found any single index surfaced only about half of the collectively findable results, underscoring the rationale for a metasearch-driven agent search layer. Developers can obtain API keys at developer.dogpile.com.
System1 (NYSE: SST) announced it will release its financial results for the second quarter ended June 30, 2026, on Wednesday, August 5, 2026, after the U.S. market close. Management will hold a conference call at 5:00 PM ET the same day, with a live webcast and replay available via the company’s Investor Relations website at ir.system1.com.
System1 (NYSE:SST) agreed to a comprehensive debt exchange with all existing term loan and revolver lenders. The company will replace $302.6 million of debt with a new $150.0 million term loan maturing in January 2031, plus convertible preferred stock and a cash payment.
The exchange includes preferred shares with $39.3 million aggregate initial stated value, redeemable in 2031, and a one-time cash payment of about $31.4 million. At closing, System1 expects total indebtedness to be reduced by over $160 million from the beginning of 2026. Closing is targeted for the third quarter of 2026, subject to shareholder approval.
System1 (NYSE:SST) reported first quarter 2026 revenue of $37.2 million, GAAP gross profit of $23.3 million (63% margin), and Adjusted Gross Profit of $28.2 million (76% margin). GAAP net loss was $57.6 million, with Adjusted EBITDA of $2.7 million.
The company reduced search marketing spend to lower its cost structure, enhanced AI-powered tools on CouponFollow, added new features to Startpage, and grew MapQuest organic traffic 14% and site-wide revenue 23% year-over-year.
MapQuest (SST) and iHeartRadio announced a partnership on May 7, 2026, launching the first-ever audio integration on MapQuest.com. MapQuest users will see a "Live Radio" button to stream live iHeartRadio stations while navigating; mobile app integration is planned for a future phase.
The integration combines MapQuest navigation with iHeartMedia’s broadcast radio, podcasts, and events to expand reach and enhance the on-site user experience for MapQuest’s tens of millions of monthly users.
System1 (NYSE: SST) reported full-year 2025 revenue of $266.1 million, down 23% year-over-year, with GAAP net loss of $81.2 million (down 17%). Adjusted gross profit rose to $153.4 million and adjusted EBITDA increased to $41.9 million.
Q4 revenue was $51.9 million (down 31%), adjusted gross profit margin widened to 67%, and the company highlighted user growth at Startpage and Mapquest and new AI features on CouponFollow.
1.org (NYSE:SST) launched an Android app and browser extension and announced a partnership with Guide Dogs of America | Tender Loving Canines to direct a portion of search-driven ad revenue to guide and service dog training and placement. Users create a free account, select GDA | TLC as their cause, and support training at no cost by searching as usual. A referral feature gives a $5 donation to a selected charity for each new user who joins via a custom invite while the program runs. The initiative highlights support for veterans, children with autism, and people who are visually impaired.
System1 (NYSE:SST) announced management will attend the 28th Annual ICR Conference in Orlando, Florida from January 12–14, 2026.
Tridivesh Kidambi, CFO, will participate in a fireside chat on Monday, January 12 at 9:30 AM ET and will be available for one‑on‑one meetings during the conference. A webcast of the fireside chat will be available on the company investor relations site at ir.system1.com under Events & Presentations. For meeting requests, contact your ICR representative.