{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-038022","form_type":"8-K","ticker":"MKTW","cik":"0001805651","company_name":"MARKETWISE, INC.","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.552714+00:00","generated_at":"2026-06-08T07:21:22.838329+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"MarketWise Q3 2023 net income $12M, revenue $106M; subscriber file down 13% YoY to 774K","bullets":["Q3 GAAP net income of $12.0M on revenue of $106.2M vs. $16.5M/$119.9M in Q3 2022.","Paid subscriber file 774,000 as of Sep 30, down 13.4% from 894,000 a year earlier.","Trailing 12-month Billings total $389.8M: Marketing $279.6M, Renewal $105.5M, Other $4.6M.","CEO cites cultural issues as primary reason for post-IPO underperformance; plans to restore partnership model.","Board declared special dividend of approx. $50M payable in December 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-038022","json":"https://secwatch.observer/filing/0001628280-23-038022.json","markdown":"https://secwatch.observer/filing/0001628280-23-038022.md","text":"https://secwatch.observer/filing/0001628280-23-038022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805651/000162828023038022/0001628280-23-038022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805651/000162828023038022/mktw-20231109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T07:21:22.838329+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"56ebce553c2dd8855f4bfbd0df4b315f77979f15","claim":"MARKETWISE, INC. reported the third quarter ended September 30, 2023 results: revenue $106.2 million, net income $12.0 million.","evidence_excerpt":"and improving the quality of our products. Third Quarter 2023 GAAP Results For the third quarter of 2023, MarketWise generated net income of $12.0 million on GAAP net revenue of $106.2 million. For the nine months ended September 30, 2023, MarketWise reported net income of $52.4 million on GAAP net revenue of $336.0 million. This compares with last year’s third-quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805651/000162828023038022/0001628280-23-038022-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$106.2 million"},{"label":"Net income","value":"$12.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}