---
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"
generated_at: "2026-06-05T01:47:22.876454+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MarketWise Q4 net income $1.9M; fraud leads to wind-down of Legacy Research unit

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-009544
- JSON: https://secwatch.observer/filing/0001628280-24-009544.json
- Plain text: https://secwatch.observer/filing/0001628280-24-009544.txt

## Key facts
- Earnings Releases
  MARKETWISE, INC. reported the fourth quarter ended December 31, 2023 results: revenue $112.2 million, net income $1.9 million.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $112.2 million
  - Net income: $1.9 million
  - Result: reported results
  source text: For the fourth quarter of 2023, MarketWise generated net income of $1.9 million on GAAP net revenue of $112.2 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828024009544/0001628280-24-009544-index.htm

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