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Advertising saw nice revenue growth across the board and we don't see any signs of that slowing down. So on the business front, both of our major business lines, advertising and subscription, had really good momentum in Q1. I'm proud of the team for making a very smooth transition into a public company. Throughout all of it, our team did what they've always done, they ignored the noise, executed on the business and focused on the long term. After 8 years as a private company, we went public, completed our merger with, made a couple of acquisitions and we even got popular on the Reddit stock boards. My goal is for you to hold System1 as a long-term investment, and the better you understand our company, I think the more excited you're going to be about it. Before we get to the numbers, I would like to provide you with some color about how we're doing operationally at System1, where we're seeing good opportunities and also what our challenges are. So we had a great quarter financially and Tridi is going to walk you through the details. We're going to do our absolute best to reward your belief in System1. Thank you for taking the time to learn our story and for supporting our company. To begin, I want to say a quick thank you to our System1 shareholders, including our great employees and our new public investors. Joining me today is Tridi Kidambi, our longtime CFO. As Kyle mentioned, I'm Michael Blend, and I'm the Co-Founder and CEO of System1. Good afternoon, everyone, and welcome to System1's first earnings call as a public company. I would now like to turn the conference call over to System1's Co-Founder and Chief Executive Officer, Michael Blend. Information regarding our non-GAAP financial results, including a reconciliation of our historical GAAP to non-GAAP results may be found in our earnings release, which was furnished with our Form 8-K filed today with the SEC and may also be found on our Investor Relations website. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from our GAAP results.

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Our discussion today will include non-GAAP financial measures, including pro forma revenue, pro forma gross profit and pro forma adjusted EBITDA.

#Totalav stock update

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. You should not rely on forward-looking statements as predictions of future events.

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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 our registration statement on Form S-1 filed on April 13, 2022, and our Form 10-K for the fiscal year 2021 filed on March 31, 2022, and in our Form 10-Q for the first quarter of 2022 that will be filed shortly as well as certain uncertainty and unpredictability in our business, the markets and the global economy generally.

We may also make statements regarding regulatory or compliance matters. This includes statements relating to the operating performance of our businesses, future financial results and guidance, strategy, long-term growth and overall future prospects. I'd like to take this opportunity to remind you that during the call, we will be making forward-looking statements. A recording of this conference call will be available on our Investor Relations website at ir. shortly after this call has ended. Joining me today to discuss System1's operational financial results are our Co-Founder and CEO, Michael Blend and our Chief Financial Officer, Tridivesh Kidambi. Welcome to the System1 earnings call for the quarter ended March 31, 2022. I will now turn the call over to Kyle Ostgard. On today's call are Michael Blend, Co-Founder and Chief Executive Officer of System1 Tridivesh Kidambi, Chief Financial Officer of System1 and Kyle Ostgard, Vice President of Finance. Thank you for standing by, and welcome to the first quarter 2022 conference call and webcast for System1. ( NYSE: SST) Q1 2022 Results Conference Call 5:00 PM ET