secwatch.observer — SEC 8-K summary
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Issuer:     MARKETWISE, INC. (MKTW)
CIK:        0001805651
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001628280-25-009133
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805651/000162828025009133/0001628280-25-009133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805651/000162828025009133/mktw-20250228.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-009133

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