System1, Inc. (NYSE:SST) Q3 2022 Earnings Conference Call November 10, 2022 5:00 PM ET

Company Participants

Michael Blend – Co-founder and Chief Executive Officer

Tridivesh Kidambi – Chief Financial Officer

Conference Call Participants

Tom Forte – D.A. Davidson

Shweta Khajuria – Evercore ISI

Dan Kurnos – Benchmark

Operator

Thank you for standing by, and welcome to the Third Quarter 2022 Conference Call and Webcast for System1.

Joining me today to discuss System1’s business and financial results are our Co-founder and CEO, Michael Blend; and our Chief Financial Officer, Tridivesh Kidambi. A recording of this conference call will be available on our Investor Relations website shortly after this call is ended.

I’d like to take this opportunity to remind you that during the call, we will be making forward-looking statements. This includes statements relating to the operating performance of our business, future financial results and guidance, strategy, long-term growth and overall future prospects. We may also make statements regarding regulatory or compliance matters.

These statements are subject to known and unknown risks and uncertainties that could cause our actual results to differ materially from those projected or implied during this call. In particular, those described in our risk factors included in the registration statement on form S-1 filed on April 13, 2022, in our form 10-K for the fiscal year 2021, filed on March 31, 2022, in our form 10-Q for the second quarter of 2022, filed on August 15, 2022, and our Form 10-Q for the third quarter of 2022, as well as the current uncertainty and unpredictability in our business, the markets and the global economy generally.

You should not rely on our forward-looking statements as predictions of future events. All forward-looking statements that we make on this call are based on assumptions and beliefs as of the date hereof and System1 disclaims any obligation to update any forward-looking statements except as required by law.

Our discussion today will include non-GAAP financial measures including adjusted – the gross profit and adjusted EBITDA. These non-GAAP measures should be considered in addition to and not as a substitute for or an isolation from our GAAP results.

Information regarding our non-GAAP financial results including a reconciliation of our historical GAAP to non-GAAP results may be found on our Investor Relations website.

I would now like to turn the conference call over to System1’s Co-Founder and Chief Executive Officer, Michael Blend.

Michael Blend