By Sam Boughedda
Investing.com — System1 Inc (NYSE:) 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 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.
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