secwatch.observer — SEC 8-K summary
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Issuer:     MARKETWISE, INC. (MKTW)
CIK:        0001805651
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001628280-23-028737
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MarketWise Q2 revenue falls 19% to $103.6M; paid subscribers drop 16.5% to 750K
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- Total net revenue $103.6M, down 19.1% YoY; net income $9.7M, down 71.5% from $34.0M.
- Paid subscribers 750K, down 16.5% YoY; ARPU $490, down 15.5% from $580.
- Billings $96.2M, down 18.1% YoY; deferred revenue $628.4M vs $701.1M a year ago.
- Cash from operations $29.0M, up 8.2% YoY; adjusted CFFO margin improved to 30.1% from 22.8%.
- Total subscribers grew 5.2% to 16.7M, driven by free subs; active free subs declined to 3.9M from 4.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805651/000162828023028737/0001628280-23-028737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805651/000162828023028737/mktw-20230810.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-028737

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