---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-027984"
form_type: "8-K"
ticker: "MKTW"
cik: "0001805651"
company_name: "MARKETWISE, INC."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:43:08.922838+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-22-027984
- form_type: 8-K
- ticker: MKTW
- cik: 0001805651
- company_name: MARKETWISE, INC.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805651/000162828022027984/0001628280-22-027984-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805651/000162828022027984/mktw-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-027984
- JSON: https://secwatch.observer/filing/0001628280-22-027984.json
- Plain text: https://secwatch.observer/filing/0001628280-22-027984.txt

## Key facts
- Earnings Releases
  MARKETWISE, INC. reported financial results for third quarter 2022.
  - Period: third quarter 2022
  - Result: reported results
  source text: On November 3, 2022 , MarketWise, Inc. issued a press release announcing its financial results for the quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828022027984/0001628280-22-027984-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.