---
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"
generated_at: "2026-06-08T07:21:22.838329+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MarketWise Q3 2023 net income $12M, revenue $106M; subscriber file down 13% YoY to 774K

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-038022
- JSON: https://secwatch.observer/filing/0001628280-23-038022.json
- Plain text: https://secwatch.observer/filing/0001628280-23-038022.txt

## Key facts
- Earnings Releases
  MARKETWISE, INC. reported the third quarter ended September 30, 2023 results: revenue $106.2 million, net income $12.0 million.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $106.2 million
  - Net income: $12.0 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023038022/0001628280-23-038022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.