MarketWise FY 2022 revenue down 6.7% to $512.4M; billings drop 37%

MARKETWISE, INC.

FY 2022 revenue $512.4M (-6.7% YoY); billings $459.5M (-37% YoY); net income $101.2M vs loss of $953.9M in FY 2021.
Q4 2022 revenue $127.7M (-13% YoY); net income $27.6M (-23.1% YoY).
Paid subscribers 841K (-13.5% YoY); ARPU $519 (-30.1% YoY); free subscribers 15.7M (+14.6% YoY).
Adjusted CFFO $59.3M (-69.9% YoY); deferred revenue $663.5M (-4.4% YoY).

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 the fourth quarter and year ended December 31, 2022 results: revenue Total net revenue $512.4 million, net income Net income of $101.2 million.

Period: the fourth quarter and year ended December 31, 2022
Revenue: Total net revenue $512.4 million
Net income: Net income of $101.2 million
Result: reported results

Exact text from the filing

set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- MarketWise Reports Fourth Quarter and Full Year 2022 Financial Results ~ FY 2022 Revenues of $512.4 Million ~ ~ FY 2022 Billings of $459.5 Million ~ ~ FY 2022 Net Income of $101.2 Million ~ ~ FY 2022 Adjusted CFFO of $59.3 Million ~ BALTIMORE, MD -- (GLOBE NEWSWIRE)—MarketWise, Inc.

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MARKETWISE, INC. filing history →

Source: SEC EDGAR

accession 0001628280-23-009785

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