secwatch.observer — SEC 8-K summary
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Issuer:     MARKETWISE, INC. (MKTW)
CIK:        0001805651
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-046028
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805651/000162828024046028/0001628280-24-046028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805651/000162828024046028/mktw-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer