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MarketWise Reports Net Income of $22.7 Million and Net Revenue of $97.2 Million for Third Quarter 2024

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MarketWise (NASDAQ: MKTW) reported its Q3 2024 financial results with net income of $22.7 million, up from $12.0 million in Q3 2023. Total net revenue decreased to $97.2 million from $106.2 million year-over-year. The company's paid subscribers declined to 592,000 from 774,000 in the previous year. Total billings dropped to $48.9 million from $95.5 million. Cash and cash equivalents stood at $94.1 million. The company noted positive momentum with October billings reaching approximately $19 million, showing improvement from Q3's monthly average of $16 million.

MarketWise (NASDAQ: MKTW) ha riportato i risultati finanziari del terzo trimestre del 2024, con un reddito netto di 22,7 milioni di dollari, in aumento rispetto ai 12,0 milioni di dollari nel terzo trimestre del 2023. Il fatturato netto totale è diminuito a 97,2 milioni di dollari, rispetto ai 106,2 milioni di dollari dell'anno precedente. Gli abbonati paganti dell'azienda sono scesi a 592.000, rispetto ai 774.000 dell'anno scorso. Le fatturazioni totali sono calate a 48,9 milioni di dollari rispetto ai 95,5 milioni di dollari. Liquidità e equivalenti di liquidità ammontavano a 94,1 milioni di dollari. L'azienda ha registrato un trend positivo con le fatturazioni di ottobre che hanno raggiunto circa 19 milioni di dollari, mostrando un miglioramento rispetto alla media mensile di 16 milioni di dollari del terzo trimestre.

MarketWise (NASDAQ: MKTW) reportó sus resultados financieros del tercer trimestre de 2024, con un ingreso neto de 22,7 millones de dólares, un aumento respecto a los 12,0 millones de dólares en el tercer trimestre de 2023. Los ingresos netos totales disminuyeron a 97,2 millones de dólares desde 106,2 millones de dólares en comparación con el año anterior. Los suscriptores de pago de la compañía bajaron a 592,000 desde 774,000 en el año anterior. La facturación total cayó a 48,9 millones de dólares desde 95,5 millones de dólares. El efectivo y equivalentes de efectivo se situaron en 94,1 millones de dólares. La compañía destacó un impulso positivo con las facturaciones de octubre alcanzando aproximadamente 19 millones de dólares, mostrando una mejora respecto al promedio mensual del tercer trimestre de 16 millones de dólares.

MarketWise (NASDAQ: MKTW)는 2024년 3분기 재무 결과를 발표했으며, 순이익이 2,270만 달러로 2023년 3분기의 1,200만 달러에서 증가했습니다. 총 순수익은 작년 대비 1억 7,200만 달러에서 9,720만 달러로 감소했습니다. 회사의 유료 구독자 수는 작년 77만 4,000명에서 59만 2,000명으로 감소했습니다. 총 청구액은 9,550만 달러에서 4,890만 달러로 줄었습니다. 현금 및 현금성 자산은 9,410만 달러로 집계되었습니다. 회사는 10월 청구액이 약 1,900만 달러에 달하며 3분기의 월 평균 1,600만 달러에서 개선되었음을 강조했습니다.

MarketWise (NASDAQ: MKTW) a annoncé ses résultats financiers pour le troisième trimestre 2024, avec , en hausse par rapport à 12,0 millions de dollars au troisième trimestre 2023. Le chiffre d'affaires net total a diminué à 97,2 millions de dollars contre 106,2 millions de dollars l'année précédente. Le nombre d'abonnés payants de l'entreprise a chuté à 592 000 contre 774 000 l'année dernière. Le montant total des facturations a baissé à 48,9 millions de dollars au lieu de 95,5 millions de dollars. La trésorerie et les équivalents de trésorerie s'élevaient à 94,1 millions de dollars. L'entreprise a noté une dynamique positive avec des facturations d'octobre atteignant environ 19 millions de dollars, montrant une amélioration par rapport à la moyenne mensuelle de 16 millions de dollars du troisième trimestre.

MarketWise (NASDAQ: MKTW) hat seine finanziellen Ergebnisse für das 3. Quartal 2024 bekannt gegeben, mit einem Nettogewinn von 22,7 Millionen Dollar, was einem Anstieg von 12,0 Millionen Dollar im 3. Quartal 2023 entspricht. Der gesamte Nettoumsatz sank im Jahresvergleich von 106,2 Millionen Dollar auf 97,2 Millionen Dollar. Die bezahlten Abonnenten des Unternehmens gingen auf 592.000 zurück, nachdem sie im Vorjahr noch 774.000 betragen hatten. Die Gesamtrechnungen fielen von 95,5 Millionen Dollar auf 48,9 Millionen Dollar. Die liquiden Mittel und flüssigen Mittel beliefen sich auf 94,1 Millionen Dollar. Das Unternehmen verzeichnete einen positiven Trend, da die Rechnungen im Oktober etwa 19 Millionen Dollar erreichten, was eine Verbesserung gegenüber dem monatlichen Durchschnitt von 16 Millionen Dollar im 3. Quartal zeigt.

Positive
  • Net income increased 89% YoY to $22.7 million in Q3 2024
  • October billings improved to $19 million from Q3's monthly average of $16 million
  • Strong cash position with $94.1 million in cash and cash equivalents
  • Interest income of $4.8 million earned in the first nine months of 2024
Negative
  • Total net revenue declined 8.5% YoY to $97.2 million in Q3 2024
  • Paid subscribers decreased 23.5% YoY to 592,000
  • Total billings fell 48.8% YoY to $48.9 million
  • Net cash used in operating activities was $28.1 million YTD, compared to $44.9 million provided in prior year
  • ARPU declined to $417 from $496 year-over-year

Insights

MarketWise's Q3 2024 results show a mixed financial picture. While $22.7 million net income represents an 89% increase year-over-year, several concerning trends emerge:

  • Paid subscribers declined by 23.5% year-over-year to 592,000
  • Total net revenue dropped 8.5% to $97.2 million
  • Total billings fell sharply by 48.8% to $48.9 million
  • Cash position decreased to $94.1 million from $155.2 million at year-end 2023

The company's negative operating cash flow of $28.1 million YTD and declining ARPU ($417 vs $496) signal operational challenges. While October's $19 million billings show potential improvement, sustained subscriber losses and billing declines require close monitoring. The mature credit facility and tax distribution obligations add financial considerations.

BALTIMORE, Nov. 07, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today reported financial results for third quarter 2024.

Third Quarter 2024 Highlights(1)

  • Paid Subscribers were 592 thousand as of September 30, 2024 compared with 774 thousand as of September 30, 2023
  • Total Net Revenue was $97.2 million in third quarter 2024 compared with $106.2 million in third quarter 2023
  • Total Billings was $48.9 million in third quarter 2024 compared with $95.5 million in third quarter 2023
  • Net Income was $22.7 million in third quarter 2024 compared with $12.0 million in third quarter 2023
  • Cash and Cash Equivalents were $94.1 million as of September 30, 2024

(1) See “Key Business Metrics and Non-GAAP Financial Measures” below. For a reconciliation of Adjusted CFFO and Adjusted CFFO margin, see “Non-GAAP Measures” below.

Dr. David “Doc” Eifrig, Interim Chief Executive Officer, commented, “I have been around this Company for two decades and have seen many business cycles and changes along the way. One thing that has remained constant is our commitment to providing high-quality independent research that empowers our customers. My deepest gratitude goes to the more than 400 employees dedicated to the experience of our subscribers. During my first 90 days, I have focused on evaluating the culture, capabilities, products, and processes at our Company. And while not yet evident in our Q3 financial results, I feel confident we are making progress.”

Eifrig continued, “During the third quarter, we began to optimize parts of our business, which we believe will improve revenue and margins going forward. Further, we believe our new brand launches coupled with a strong product pipeline in Q4 will result in an inflection point in our Billings, after several quarters of sequential declines. Specifically, while our average monthly Billings during Q3 were approximately $16 million, our October Billings totaled approximately $19 million. While not yet a trend, we believe seedlings like these will bear fruit. Lastly, we are in the process of advancing our strategic priorities which will guide our Company’s efforts around revenue growth, margin expansion, and inorganic opportunities. I remain bullish and honored to lead our Company and the team we have in place to deliver for our customers, shareholders, and employees. We sell trust and honest ideas with innovative technology to help our subscribers learn, invest, and lead a healthier and wealthier life.”

YTD 3Q 2024 Highlights(1)

  • Total Net Revenue for the nine months ended September 30, 2024 was $311.2 million, a decrease of 7% compared with the same period in prior year.
  • Total Billings for the nine months ended September 30, 2024 was $183.7 million, a decrease of 36.4% compared with the same period in prior year.
  • Net Income for the nine months ended September 30, 2024 was $66.7 million, an increase of 27% compared with the same period in prior year.
  • Net Cash Used in Operating Activities was $28.1 million for the nine months ended September 30, 2024, compared with Net Cash Provided by Operating Activities of $44.9 million for the same period in prior year.

Our summary results are as follows:

             
(Unaudited) 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 TTM 3Q
2024
Paid Subscribers (in thousands)  774  737  683   645   592   592 
Total net revenue (in millions) $106.2 $112.2 $109.0  $105.0  $97.2  $423.4 
New "Marketing" Billings (1) $73.7 $67.7 $54.8  $38.7  $32.3  $193.5 
Net "Renewal" Billings (2) $20.8 $21.6 $21.4  $17.1  $15.7  $75.9 
Other Billings (3) $1.0 $4.2 $1.0  $1.8  $0.9  $7.9 
Total Billings $95.5 $93.6 $77.2  $57.6  $48.9  $277.3 
ARPU $496 $503 $492  $456  $417  $417 
Net income (in millions) $12.0 $1.9 $22.7  $21.2  $22.7  $68.6 
CFFO (in millions) $12.1 $15.7 $(18.5) $(3.8) $(5.8) $(12.4)
Adjusted CFFO (in millions) $12.1 $19.7 $(18.5) $(3.8) $(5.8) $(8.4)
             
(1) Includes billings from all new subscription sales to new and existing subscribers.
(2) Includes billings attributable to renewal and maintenance fee payments. Excludes Membership sales.
(3) Includes primarily billings from Revenue Share, Advertising, and Conferences.
             


Balance Sheet and Capital Structure

As of September 30, 2024 the consolidated Cash balance was $94.1 million as compared with $155.2 million at December 31, 2023. The majority of the decline in cash related to activity that occurred in the first half of this year. For the nine months ended September 30, 2024, interest income earned totaled $4.8 million.

Consistent with previous disclosure, the Company began making required tax distribution payments in the third quarter of 2024. Tax distributions of approximately $6 million were made during the quarter and are reflected in our statement of cash flows as cash used in financing activities. We will continue to make required quarterly tax distributions in future periods, which we expect to be significant. The amount of future tax distributions however, will be dependent on a variety of factors.

The Company’s $150 million credit facility matured on October 29, 2024, with no amounts outstanding. While the Company currently has no immediate needs for external capital, and the business plan is fully funded, the Company may in the future consider entering into a new credit facility to enhance optionality around capital allocation alternatives.

MarketWise Inc.’s Class A common stock trades on the NASDAQ Global Market under the symbol “MKTW.” As of September 30, 2024, the Company had 39,381,380 Class A common shares and 279,890,147 Class B common shares issued and outstanding.

About MarketWise

Founded with a mission to level the playing field for self-directed investors, today MarketWise is a leading multi-brand subscription services platform providing premium financial research, software, education, and tools for investors.

With more than 25 years of operating history, MarketWise serves a community of millions of free and paid subscribers. MarketWise’s products are a trusted source for high-value financial research, education, actionable investment ideas, and investment software. MarketWise is a 100% digital, direct-to-customer company offering its research across a variety of platforms including mobile, desktops, and tablets. MarketWise has a proven, agile, and scalable platform and our vision is to become the leading financial solutions platform for self-directed investors.

Key Business Metrics and Non-GAAP Financial Measures

In this release we discuss certain key business metrics, which we believe provide useful information about the Company’s business and the operational factors underlying the Company’s financial performance. We are not aware of any uniform standards for calculating these key metrics, which may hinder comparability with other companies who may calculate similarly titled metrics in a different way.

Billings is defined as amounts invoiced to customers.

Free Subscribers are defined as unique subscribers who have subscribed to one of our free investment publications via a valid email address and continue to remain directly opted in, excluding any Paid Subscribers who also have free subscriptions. Active Free Subscribers are those Free Subscribers with whom we have engaged during the most recent quarter and represent those individuals who have received and/or consumed our content on a regular basis during that same quarter.

Paid Subscribers are defined as the total number of unique subscribers with at least one paid subscription at the end of the period.

Average revenue per user or ARPU is defined as the trailing four quarters of net Billings divided by the average number of quarterly total Paid Subscribers over that period.

In addition to our results determined in accordance with GAAP, we believe that the below non-GAAP financial measures are useful in evaluating our ability to generate cash. We use the below non-GAAP financial measures, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance. This non-GAAP financial information is presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP measures used by other companies. A reconciliation is provided above for each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures.

Adjusted CFFO is defined as cash flow from operations plus or minus any non-recurring items.

Adjusted CFFO Margin is defined as Adjusted CFFO as a percentage of Billings.

We believe that Adjusted CFFO and Adjusted CFFO Margin are useful indicators that provide information to management and investors about our ability to generate cash (without the effects of non-recurring items), and for internal planning and forecasting purposes.

We expect Adjusted CFFO and Adjusted CFFO Margin to fluctuate in future periods as we invest in our business to execute our growth strategy. These activities, along with any non-recurring items as described above, may result in fluctuations in Adjusted CFFO and Adjusted CFFO Margin in future periods.

Non-GAAP Measures

The following table provides a reconciliation of net cash provided by operating activities to Adjusted CFFO, and net cash provided by operating activities margin as a percentage of total net revenue to Adjusted CFFO Margin, in each case, the most directly comparable financial measure calculated in accordance with generally accepted accounting principles in the United States (“GAAP”):

(In thousands) Third Quarter   Year to Date September 30,  
   2024   2023  % Change  2024   2023  % Change
Net cash (used in) provided by operating activities $(5,829) $12,055  (148.4)% $(28,135) $44,901  (162.7)%
Non-recurring expenses       NM       NM
Adjusted CFFO $(5,829) $12,055  (148.4)% $(28,135) $44,901  (162.7)%
             
Net cash (used in) provided by operating activities $(5,829) $12,055  (148.4)% $(28,135) $44,901  (162.7)%
Total net revenue  97,186   106,150  (8.4)%  311,223   336,027  (7.4)%
Net cash (used in) provided by operating activities margin  (6.0%)  11.4%    (9.0%)  13.4%  
             
Adjusted CFFO $(5,829) $12,055  (148.4)% $(28,135) $44,901  (162.7)%
Billings  48,929   95,513  (48.8)%  183,728   288,854  (36.4)%
Adjusted CFFO margin  (11.9%)  12.6%    (15.3%)  15.5%  
                     

NM: Not meaningful

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the financial position, business strategy, and the plans and objectives of management for future operations of MarketWise. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: our ability to attract new subscribers and to persuade existing subscribers to renew their subscription agreements with us and to purchase additional products and services from us; our ability to adequately market our products and services, and to develop additional products and product offerings; our ability to manage our growth effectively, including through acquisitions; failure to maintain and protect our reputation for trustworthiness and independence; our ability to attract, develop, and retain capable management, editors, and other key personnel; our ability to grow market share in our existing markets or any new markets we may enter; adverse or weakened conditions in the financial sector, global financial markets, and global economy; current macroeconomic events, including heightened inflation, rise in interest rates and the potential for an economic recession; failure to comply with laws and regulations or other regulatory action or investigations, including the Advisers Act; our ability to respond to and adapt to changes in technology and consumer behavior; failure to successfully identify and integrate acquisitions, or dispose of assets and businesses; our public securities’ potential liquidity and trading; the impact of the regulatory environment and complexities with compliance related to such environment; our future capital needs; our ability to maintain an effective system of internal control over financial reporting, and to address and remediate existing material weaknesses in our internal control over financial reporting; and other factors beyond our control.

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of our filings with the U.S. Securities and Exchange Commission (the “SEC”). These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. We do not give any assurance that we will achieve our expectations.

Table 1. Income Statement

(Unaudited, in thousands) Third Quarter Year to Date September 30,
   2024  2023  2024  2023
Net revenue $96,975 $105,799 $309,761 $334,777
Related party revenue  211  351  1,462  1,250
Total net revenue  97,186  106,150  311,223  336,027
         
Operating expenses:        
Cost of revenue(1)  12,902  13,812  39,649  43,737
Sales and marketing(1)  36,644  52,466  126,663  150,226
General and administrative(1)  22,480  25,005  70,796  80,667
Research and development(1)  2,614  2,085  6,934  6,778
Depreciation and amortization  635  1,001  1,997  2,979
Impairment of intangible assets    584    584
Related party expense  9  155  393  487
Total operating expenses  75,284  95,108  246,432  285,458
Income from operations  21,902  11,042  64,791  50,569
Other income, net  632  182  210  807
Interest income, net  1,185  1,511  4,184  3,062
Income before income taxes  23,719  12,735  69,185  54,438
Income tax expense  973  691  2,487  2,046
Net income  22,746  12,044  66,698  52,392
Net income attributable to noncontrolling interests  21,026  11,904  61,777  50,749
Net income attributable to MarketWise, Inc. $1,720 $140 $4,921 $1,643
             

(1) Cost of revenue, sales and marketing, general and administrative, and research and development expenses are exclusive of depreciation and amortization shown as a separate line item

Table 2. Balance Sheet

(Unaudited, in thousands, except share and per share data) September 30, 2024 December 31, 2023
Assets    
Current assets:    
Cash and cash equivalents $94,111  $155,174 
Accounts receivable  2,224   4,528 
Prepaid expenses  8,993   9,305 
Related party receivables  930   5,182 
Deferred contract acquisition costs  64,757   91,480 
Other current assets  1,480   2,172 
Total current assets  172,495   267,841 
Property and equipment, net  567   690 
Operating lease right-of-use assets  5,801   7,331 
Intangible assets, net  7,687   6,255 
Goodwill  33,560   31,038 
Deferred contract acquisition costs, noncurrent  49,746   73,420 
Deferred tax assets  8,469   9,693 
Other assets  26   287 
Total assets $278,351  $396,555 
Liabilities and stockholders’ deficit    
Current liabilities:    
Trade and other payables $2,326  $559 
Related party payables, net  1,133   1,137 
Accrued expenses  22,370   55,041 
Deferred revenue and other contract liabilities  229,735   287,751 
Operating lease liabilities  1,639   1,446 
Other current liabilities  26,769   27,959 
Total current liabilities  283,972   373,893 
Long-term liabilities – related party  316    
Deferred revenue and other contract liabilities, noncurrent  233,096   304,342 
Other liabilities, noncurrent  2,313   2,151 
Related party tax receivable agreement liability, noncurrent  2,669   746 
Operating lease liabilities, noncurrent  3,100   4,366 
Total liabilities  525,466   685,498 
Commitments and Contingencies      
Stockholders’ deficit:    
Common stock - Class A, par value of $0.0001 per share, 950,000,000 shares authorized;        
39,381,380 and 36,384,981 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively  4   4 
Common stock - Class B, par value of $0.0001 per share, 300,000,000 shares authorized;        
279,890,147 and 288,092,303 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively  28   29 
Preferred stock - par value of $0.0001 per share, 100,000,000 shares authorized;        
0 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively      
Additional paid-in capital  101,857   115,164 
Accumulated other comprehensive income  56   65 
Accumulated deficit  (121,422)  (126,343)
Total stockholders’ deficit attributable to MarketWise, Inc.  (19,477)  (11,081)
Noncontrolling interest  (227,638)  (277,862)
Total stockholders’ deficit  (247,115)  (288,943)
Total liabilities and stockholders’ deficit $278,351  $396,555 



Table 3. Cash Flows

(Unaudited, in thousands) Year to Date September 30,
   2024   2023 
Cash flows from operating activities:    
Net income $66,698  $52,392 
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization  1,997   2,979 
Impairment and other charges     584 
Stock-based compensation  8,668   10,956 
Change in fair value of contingent consideration  269    
Change in fair value of derivative and other liabilities, noncurrent     1,673 
Deferred taxes  2,136   2,046 
Unrealized (gains) losses on foreign currency  (128)  5 
Noncash lease expense  1,530   1,590 
Changes in operating assets and liabilities:    
Accounts receivable  2,304   (1,918)
Related party receivables and payables, net  3,588   810 
Prepaid expenses  312   329 
Other current assets and other assets  953   562 
Deferred contract acquisition costs  50,397   23,566 
Trade and other payables  2,176   1,189 
Accrued expenses  (32,671)  (3,265)
Deferred revenue - current and noncurrent  (133,595)  (44,288)
Operating lease liabilities - current and noncurrent  (1,073)  (1,111)
Other current and long-term liabilities  (1,696)  (3,198)
Net cash (used in) provided by operating activities  (28,135)  44,901 
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash acquired     (170)
Purchases of property and equipment  (52)  (60)
Capitalized software development costs  (736)  (1,428)
Net cash used in investing activities  (788)  (1,658)
Cash flows from financing activities:    
Proceeds from issuance of common stock  213   332 
Repurchases of stock  (10,803)   
Restricted stock units withheld to pay taxes  (1,368)  (1,520)
Dividends paid  (1,113)  (299)
Distributions to noncontrolling interests  (19,060)  (6,319)
Net cash used in financing activities  (32,131)  (7,806)
Effect of exchange rate changes on cash  (9)  11 
Net increase in cash, cash equivalents and restricted cash  (61,063)  35,448 
Cash, cash equivalents and restricted cash — beginning of period  155,174   158,575 
Cash, cash equivalents and restricted cash — end of period $94,111  $194,023 


MarketWise Investor Relations Contact

Erik Mickels – Chief Financial Officer
(800) 290-4113
Email: ir@marketwise.com

MarketWise Media Contact
Email: media@marketwise.com


FAQ

What was MarketWise (MKTW) net income for Q3 2024?

MarketWise reported net income of $22.7 million for Q3 2024, an increase from $12.0 million in Q3 2023.

How many paid subscribers does MarketWise (MKTW) have as of Q3 2024?

MarketWise had 592,000 paid subscribers as of September 30, 2024, down from 774,000 in the same period last year.

What was MarketWise (MKTW) total revenue for Q3 2024?

MarketWise reported total net revenue of $97.2 million in Q3 2024, compared to $106.2 million in Q3 2023.

How much cash does MarketWise (MKTW) have as of Q3 2024?

MarketWise had cash and cash equivalents of $94.1 million as of September 30, 2024.

MarketWise, Inc.

NASDAQ:MKTW

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MKTW Stock Data

23.73M
43.93M
35.89%
31.75%
0.82%
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Services-prepackaged Software
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United States of America
NEW YORK