{"schema_version":"secwatch.filing_event.v1","accession":"0001805651-25-000010","form_type":"8-K","ticker":"MKTW","cik":"0001805651","company_name":"MARKETWISE, INC.","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.522513+00:00","generated_at":"2026-05-16T23:56:09.304363+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"MarketWise Q3 net revenue $81.3M, billings up 30% YoY; receives M&C acquisition proposal; declares $0.40 dividend","bullets":["Net revenue $81.3M, net income $17.9M in Q3 2025, down from $97.2M and $22.7M in Q3 2024.","Total billings $63.7M (+30% YoY); paid subscribers fell to 379K from 592K but ARPU rose to $566.","Quarterly and special dividend of $0.40 per Class A share; FY 2025 total dividends expected $1.90/share (13% yield).","M&C submitted proposal to acquire all outstanding equity not already owned; share repurchases suspended pending review.","FY 2026 prelim targets: billings ~$290M (+10% YoY), CFFO $45M (+50% vs FY 2025 target of $30M)."],"urls":{"canonical":"https://secwatch.observer/filing/0001805651-25-000010","json":"https://secwatch.observer/filing/0001805651-25-000010.json","markdown":"https://secwatch.observer/filing/0001805651-25-000010.md","text":"https://secwatch.observer/filing/0001805651-25-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805651/000180565125000010/0001805651-25-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805651/000180565125000010/mktw-20251106.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:56:09.304363+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}