leadership
confidence high
sentiment neutral
materiality 0.75
MarketWise reports Q2 GAAP net income $21.2M, names interim CEO David Eifrig
MARKETWISE, INC.
- Q2 GAAP net revenue $105.0M, net income $21.2M vs prior-year $103.6M and $9.7M.
- Paid subscribers 645,259 as of June 30, down 14% from 750,287 a year ago.
- David 'Doc' Eifrig appointed interim CEO after founder Porter Stansberry stepped down.
- Legacy Research business dissolved amid mismanagement; wind-down largely complete.
- Company exploring large share repurchase and acquisition of quality financial brands.