LONDON (ShareCast) - (Sharecast News) - Market research firm System1 warned on Wednesday that there was currently more downside risk presented by the current volatility in global markets than there was upside, despite coming off its best monthly performance in terms of revenue in March.
System1 said FY25 revenues were up 25% year-on-year at £37.4m, with platform revenues up 39% year-on-year and ad testing revenues growing 39%. US revenue was 49% higher and UK revenue improved 28% year-on-year.

The AIM-listed group stated adjusted underlying earnings were expected to be roughly £6.5m, up from £4.4m a year earlier, while adjusted pre-tax profits of £5.2m were up 68% year-on-year. Gross profit margins improved slightly from 87% to 88%.

System1 noted that it remains focused on continuing profitable growth but admitted that replicating its 40%+ platform revenue growth "may be challenging in the current global economic and political climate". However, it does still anticipate continuing to deliver strong revenue growth.

"We strongly believe that with 25 years of advertising and innovation experience, and a methodology rooted in behavioural science, System1 is well placed to achieve our long-term goals by enabling the world's largest brands to create with confidence," said System1.

As of 1040 BST, System1 shares had slumped 13.10% to 464.90p.





Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE