
System1 Inc (NYSE:SST) shares are trading higher on above-average volume Friday. The stock appears to be rising on continued momentum following the company's strong financial results earlier this week.
On Monday, System1 said fourth-quarter revenue grew 48% year-over-year to $239 million. The company reported net income of $31 million, which was up from $7 million year-over-year. Adjusted EBITDA increased 65% year-over-year to $37 million.