MarketWise Q3 net income rises to $22.7M; revenue falls to $97.2M, subscribers decline

MARKETWISE, INC.

2024-Q3 EPS reported $0.13 revenue$311,223,000

Net income $22.7M vs $12.0M YoY; revenue $97.2M vs $106.2M YoY (-8.5%).
Paid subscribers 592K as of Sep 30, 2024, down 23.5% from 774K YoY.
Total billings $48.9M vs $95.5M YoY (-48.8%).
Cash and equivalents $94.1M as of Sep 30, 2024.

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