secwatch.observer — SEC 8-K summary
======================================

Issuer:     MARKETWISE, INC. (MKTW)
CIK:        0001805651
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001628280-22-027984
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805651/000162828022027984/0001628280-22-027984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805651/000162828022027984/mktw-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027984

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer