---
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"
generated_at: "2026-05-16T23:56:09.304363+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MarketWise Q3 net revenue $81.3M, billings up 30% YoY; receives M&C acquisition proposal; declares $0.40 dividend

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001805651-25-000010
- JSON: https://secwatch.observer/filing/0001805651-25-000010.json
- Plain text: https://secwatch.observer/filing/0001805651-25-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.