MarketWise FY2024 revenue $408.7M, net income $93.1M; announces $50M buyback and 1:20 reverse split

MARKETWISE, INC.

2024-FY EPS reported $0.18 revenue$408,701,000

Full year net revenue $408.7M, net income $93.1M; Q4 revenue $97.5M (-13% YoY), net income $26.4M (up from $1.9M).
Paid subscribers fell to 506k as of Dec 31, 2024, down 31% from 737k a year earlier.
Q4 cash from operations dropped to $6.0M from $17.5M YoY; cash balance $97.9M.
Board authorized up to $50M share repurchase program over next 12 months.
Filed preliminary proxy for 1:20 reverse stock split to regain Nasdaq minimum bid price compliance.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.