---
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"
generated_at: "2026-06-01T23:25:21.699725+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MarketWise Q1 GAAP revenue $109M (-13% YoY), net income $22.7M, launches compensation overhaul

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-023649
- JSON: https://secwatch.observer/filing/0001628280-24-023649.json
- Plain text: https://secwatch.observer/filing/0001628280-24-023649.txt

## Key facts
- Earnings Releases
  MARKETWISE, INC. reported the first quarter ended March 31, 2024 results: revenue $109.0 million, net income $22.7 million.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $109.0 million
  - Net income: $22.7 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828024023649/0001628280-24-023649-index.htm

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