MarketWise Q1 revenue down 7.7% to $126.2M; initiates $0.01 quarterly dividend

MARKETWISE, INC.

2023-Q1 EPS reported $0.05 revenue$126,233,000

Revenue $126.2M, down 7.7% YoY; billings $97.2M, down 28.5% YoY.
Net income $30.6M, up 32.9% YoY; paid subscribers 777K, down 14.5% YoY.
Board approved quarterly cash dividend of $0.01/share on Class A common stock, first payment July 20, 2023 to holders of record June 1, 2023.
Total dividend payment to Class A stockholders ~$0.4M; distribution to common unit holders ~$2.9M.
Company intends to pay quarterly dividends going forward, subject to Board approval.

item 2.02 item 7.01 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 first quarter ended March 31, 2023 results: revenue $126.2 Million, net income $30.6 Million.

Period: first quarter ended March 31, 2023
Revenue: $126.2 Million
Net income: $30.6 Million
Result: reported results

Exact text from the filing

MarketWise Reports Financial Results for First Quarter 2023 ~ Revenues of $126.2 Million ~ ~ Billings of $97.2 Million ~ ~ Net Income of $30.6 Million ~

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MARKETWISE, INC. filing history →

Source: SEC EDGAR

accession 0001628280-23-017408

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