{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-023649","form_type":"8-K","ticker":"MKTW","cik":"0001805651","company_name":"MARKETWISE, INC.","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.217025+00:00","generated_at":"2026-06-01T23:25:21.699725+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MarketWise Q1 GAAP revenue $109M (-13% YoY), net income $22.7M, launches compensation overhaul","bullets":["Net income $22.7M on revenue $109.0M vs $30.6M on $126.2M in Q1 2023.","Paid subscribers fell to 683k from 777k YoY; headcount cut 20%+ to 535.","Legacy Research billings dropped from $30M to $16M QoQ; expects further declines.","Repurchased 7.2M LLC units from terminated managers for $10.8M at discount.","Jeff Brown returns to relaunch Brownstone Research; all staff get stock grant July 1."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-023649","json":"https://secwatch.observer/filing/0001628280-24-023649.json","markdown":"https://secwatch.observer/filing/0001628280-24-023649.md","text":"https://secwatch.observer/filing/0001628280-24-023649.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805651/000162828024023649/0001628280-24-023649-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805651/000162828024023649/mktw-20240515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T23:25:21.699725+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":"4e0d641511de5e29791b32c7d4f14701199f3763","claim":"MARKETWISE, INC. reported the first quarter ended March 31, 2024 results: revenue $109.0 million, net income $22.7 million.","evidence_excerpt":"For the first quarter of 2024, MarketWise generated net income of $22.7 million on Generally Accepted Accounting Principles (GAAP) net revenue of $109.0 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805651/000162828024023649/0001628280-24-023649-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$109.0 million"},{"label":"Net income","value":"$22.7 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"}