{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-009544","form_type":"8-K","ticker":"MKTW","cik":"0001805651","company_name":"MARKETWISE, INC.","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.603094+00:00","generated_at":"2026-06-05T01:47:22.876454+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"MarketWise Q4 net income $1.9M; fraud leads to wind-down of Legacy Research unit","bullets":["Q4 GAAP net income $1.9M vs $27.6M last year; revenue $112.2M vs $127.7M.","Full-year revenue $448.2M, down from $512.4M; paid subscribers fell to 737k from 841k.","Former employee Jon Mikula criminally charged for undisclosed payments; company winding down entire Legacy Research unit.","Restructuring cut >100 FTEs, eliminated 40 products; annualized cost savings ~$18M; Q4 severance cost ~$18M.","Total billings $382.4M vs $459.5M in 2022; renewal billings grew to $96.8M from $70.3M in 2019."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-009544","json":"https://secwatch.observer/filing/0001628280-24-009544.json","markdown":"https://secwatch.observer/filing/0001628280-24-009544.md","text":"https://secwatch.observer/filing/0001628280-24-009544.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805651/000162828024009544/0001628280-24-009544-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805651/000162828024009544/mktw-20240307.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T01:47:22.876454+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":"f978326f6ebedeceaabef428825054265dd3e2dd","claim":"MARKETWISE, INC. reported the fourth quarter ended December 31, 2023 results: revenue $112.2 million, net income $1.9 million.","evidence_excerpt":"For the fourth quarter of 2023, MarketWise generated net income of $1.9 million on GAAP net revenue of $112.2 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805651/000162828024009544/0001628280-24-009544-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$112.2 million"},{"label":"Net income","value":"$1.9 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"}