MarketWise reports Q3 2022 revenue of $119.9M, net income of $16.5M; paid subscribers decline 7.4% YoY

MARKETWISE, INC.

2022-Q3 EPS reported $0.59 revenue$384,746,000

Revenue fell 14.8% YoY to $119.9M; billings down 23.9% to $105.1M; ARPU dropped to $556 (-28%).
Paid subscribers decreased 7.4% to 894K; free subscribers grew 20% to 15.4M, total subscribers up 18.5% to 16.3M.
Net income of $16.5M vs net loss of $366.3M in Q3 2021 (prior year included $412.6M stock-based comp related to go-public transaction).
Adjusted CFFO fell 62.2% to $13.1M; CFFO was $9.9M vs -$92.6M in prior year.
Deferred revenue $690.7M as of Sep 30, 2022 vs $710.2M a year ago.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARKETWISE, INC. reported financial results for third quarter 2022.

Period: third quarter 2022
Result: reported results

Exact text from the filing

On November 3, 2022 , MarketWise, Inc. issued a press release announcing its financial results for the quarter ended September 30, 2022.

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59 earnings releases filed in the last 30 days. Browse all earnings releases →

MARKETWISE, INC. filing history →

Source: SEC EDGAR

accession 0001628280-22-027984

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