MarketWise

MarketWise, Inc. develops and operates a multi-brand digital subscription services platform. It is a subscription services platform that provides independent financial research, analytical tools, and software primarily to retail investors across digital channels. The company was founded in 1999 and is headquartered in Baltimore, MD.

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MarketWise reports revenue decline but focuses on cost-saving and growth

MarketWise's Q4 2022 performance reflects a decline in revenue but significant cost-saving initiatives and margin improvement. The company is addressing challenges in subscriber engagement and conversion rates while focusing on enhancing marketing efficiency and delivering high-quality research. MarketWise remains open to strategic transactions and M&A deals to drive growth and capitalize on opportunities.
Despite facing obstacles such as limited marketing spend and difficulties in upselling high-value subscribers, MarketWise is leveraging strengths in cost-saving initiatives, technology integration, and a commitment to customer experience. The company's emphasis on recurring revenue, stable churn rates, and technology-driven offerings positions it well for sustainable growth and resilience in a challenging economic environment.

MarketWise reports resilient Q1 performance, eyes M&A opportunities

MarketWise navigated Q1 2023 with resilience, focusing on profitability, subscriber engagement, and operational efficiency amidst market challenges
Key strengths in financial publishing, scalability, and customer relationships position the company well for sustainable growth and value creation
Challenges in market factors, acquisition, and cost management require strategic responses to drive future performance and competitiveness

MarketWise reports revenue decline but optimistic about growth opportunities

MarketWise's Q2 2023 performance reflected revenue decline but improved cash flow and cost management.
The company's focus on new subscriptions, cost reduction, and market engagement is driving positive trends.
While facing challenges in revenue recognition and investor adoption, MarketWise sees growth opportunities in M&A and marketing.

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BALTIMORE, Nov. 07, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced that its Board of Directors declared a quarterly cash dividend to holders of Class A common stock of $0.01 per share on November 1, 2024. A comparable distribution of $0.01 per unit has also been approved to holders of MarketWise, LLC units. The dividend and distribution will be paid on December 26, 2024. The Record Date is November 25, 2024.

MarketWise Declares Dividend on Common Stock

BALTIMORE, Nov. 07, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today reported financial results for third quarter 2024.

MarketWise Reports Net Income of $22.7 Million and Net Revenue of $97.2 Million for Third Quarter 2024

BALTIMORE, Oct. 24, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, today announced that it plans to release its third quarter 2024 financial results before the market opens on Thursday, November 7, 2024.

MarketWise to Release Third Quarter 2024 Financial Results

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BALTIMORE, Aug. 14, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced that its quarterly report on Form 10-Q for the quarter ended June 30, 2024 and the interim CEO Letter to Shareholders has been filed with the SEC and is available on EDGAR. The quarterly report on Form 10-Q and the CEO Letter to Shareholders will be available on the Company's website: https://investors.marketwise.com/sec-filings and MarketWise 2Q 2024 Interim CEO Letter to Shareholders , respectively.

MarketWise - Quarterly Report and Shareholder Letter

MarketWise shares have fallen nearly 30% since the announcement of the resignation of its CEO. There is high uncertainty regarding the outcome of the turnaround that was taking place to return the business to profitable growth. Despite the risks involved, I believe the MKTW stock's cheap valuation, coupled with net cash representing half its market cap, presents an attractive risk-reward setup to go Long.

MarketWise: High Uncertainty, But An Attractive Risk-Reward

MarketWise has lost more than a third of its value since the beginning of the year due to multiple challenges that the company is facing, which are likely short term. The company's founder is back as CEO and has a remarkable history of growing the company profitably during various market conditions over many years. MarketWise has strong financials, including high gross margins, profitability, and a history of revenue growth and is currently trading at an attractive valuation.

MarketWise: A Wise Investment Right Now

BALTIMORE, March 07, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today the Company announced that its annual report on Form 10-K for the year ended December 31, 2023 and the CEO Letter to Shareholders has been filed with the SEC and is available on EDGAR. The annual report on Form 10-K and the CEO Letter to Shareholders will be available on the Company's website www.investors.marketwise.com.

UPDATE: MarketWise - Annual Report and Shareholder Letter

BALTIMORE, March 07, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today the Company announced that its annual report on Form 10-K for the year ended December 31, 2023 and the CEO Letter to Shareholders has been filed with the SEC and is available on EDGAR. The annual report on Form 10-K and the CEO Letter to Shareholders will be available on the Company's website  https://investors.marketwise.com/investors .

MarketWise - Annual Report and Shareholder Letter

Shares of MarketWise Inc. were set for a selloff Tuesday, after the financial-research and analytics company said it decided to wind down its Legacy Research business after misconduct by certain managers was discovered.

MarketWise to cut 104 jobs as ‘misconduct' prompts wind down of Legacy Research

BALTIMORE, Oct. 27, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, today announced that its third quarter 2023 financial results will be released before the market opens on Thursday, November 9, 2023.

MarketWise to Release Third Quarter 2023 Financial Results

BALTIMORE, Oct. 18, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced a series of leadership changes to strengthen the Company's operations and business performance.

MarketWise Announces Leadership Changes to Strengthen Operations and Business Performance; Declares Regular Dividend of Approximately $2.9 Million or $0.01 Per Share; Declares Special Dividend of Approximately $50.0 Million or $0.15 Per Share

BALTIMORE, Sept. 08, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced it entered into an agreement (the “Agreement”) with F. Porter Stansberry.

F. Porter Stansberry Joins MarketWise Board of Directors

BALTIMORE, Aug. 24, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today issued the following statement in response to F. Porter Stansberry's letter to the MarketWise Board of Directors (the “Board”), dated August 11, 2023 (the “August Letter”):

MarketWise Repudiates False Claims in Porter Stansberry's August 11, 2023 Letter

MarketWise, Inc. (NASDAQ:MKTW ) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET Company Participants Jonathan Shanfield - Vice President, Investor Relations Amber Mason - Chief Executive Officer Stephen Park - Interim Chief Financial Officer Lee Harris - Senior Vice President, Financial Planning & Analysis Conference Call Participants Kyle Peterson - Needham Michael Falco - JMP Securities Alex Kramm - UBS Operator Thank you for standing by, and welcome to the MarketWise Second Quarter 2023 Earnings Call. During today's presentation, all parties on the webcast will be in a listen-only mode.

MarketWise, Inc. (MKTW) Q2 2023 Earnings Call Transcript

~ Total Subscribers of 16.7 Million, Including 750 Thousand Paid Subscribers ~ ~ Revenues of $103.6 Million ~ ~ Billings of $96.2 Million ~ ~ Net Income of $9.7 Million ~ ~ CFFO and Adjusted CFFO of $29.0 Million ~ BALTIMORE, Aug. 10, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today reported financial results for second quarter 2023. Second Quarter 2023 Key Performance Highlights                 YTD   YTD   YTD (Unaudited)   2Q 2023   2Q 2022   % Change   2Q 2023   2Q 2022   % Change Total Subscribers (in thousands)     16,699     15,871   5.2  %             Paid Subscribers (in thousands)     750     898   (16.5 )%             Total net revenue (in millions)   $ 103.6   $ 128.0   (19.1 )%   $ 229.9   $ 264.8   (13.2 )% Billings (in millions)   $ 96.2   $ 117.5   (18.1 )%   $ 193.3   $ 253.5   (23.7 )% ARPU   $ 490   $ 580   (15.5 )%             Net income (in millions)   $ 9.7   $ 34.0   (71.5 )%   $ 40.3   $ 57.1   (29.4 )% CFFO (in millions)   $ 29.0   $ 26.8   8.2  %   $ 32.8   $ 27.9   17.6  % Adjusted CFFO (in millions)   $ 29.0   $ 26.8   8.2  %   $ 32.8   $ 27.9   17.6  %                                       Second Quarter 2023 Highlights (1) Total net revenue was $103.6 million in second quarter 2023 compared to $128.0 million in second quarter 2022 Total Billings was $96.2 million in second quarter 2023 compared to $117.5 million in second quarter 2022 Net income was $9.7 million in second quarter 2023 compared to $34.0 million in second quarter 2022 Cash flow from operations (“CFFO”) was $29.0 million in second quarter 2023 compared to $26.8 million in second quarter 2022 Adjusted CFFO, a non-GAAP measure, was $29.0 million in second quarter 2023 compared to $26.8 million in second quarter 2022 CFFO margin was 28.0% in second quarter 2023 compared to 20.9% in second quarter 2022 Adjusted CFFO margin, a non-GAAP measure, was 30.1% in second quarter 2023 compared to 22.8% in second quarter 2022 Deferred revenue was $628.4 million as of June 30, 2023 compared to $701.1 million as of June 30, 2022 Paid Subscribers were 750 thousand as of June 30, 2023 compared to 898 thousand as of June 30, 2022 Free Subscribers were 15.9 million as of June 30, 2023 compared to 15.0 million as of June 30, 2022.

MarketWise Reports Financial Results for Second Quarter 2023

BALTIMORE, July 27, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, today announced that its second quarter 2023 financial results will be released before the market opens on Thursday, August 10, 2023. The Company will host a live video webcast at 11:00 a.m. Eastern Time on that same day to discuss the financial results.

MarketWise to Release Second Quarter 2023 Financial Results

BALTIMORE, July 06, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced that Erik Mickels has been appointed Chief Financial Officer of the Company, effective August 15, 2023.

MarketWise Announces Appointment of Erik Mickels as Chief Financial Officer

MarketWise is now down nearly 80% since going public, which presents a compelling buying opportunity. The company demonstrated surprisingly strong profitability in the latest earnings, as operating leverage continues to improve. The headwinds should continue to ease as the market sentiment has been improving in the past few months.

MarketWise: Improving Profitability And Easing Headwinds (Rating Upgrade)

DES MOINES, Iowa--(BUSINESS WIRE)-- #Coviance--Coviance and MarketWise Advisors, LLC Release Independent ROI Study.

Coviance and MarketWise Advisors, LLC Release Independent ROI Study

MarketWise, Inc. (NASDAQ:MKTW ) Q1 2023 Earnings Conference Call May 11, 2023 11:00 AM ET Company Participants Jonathan Shanfield - VP, IR Amber Mason - CEO Stephen Park - Interim CFO Lee Harris - SVP, Financial Planning & Analysis Conference Call Participants Kyle Peterson - Needham Jason Helfstein - Oppenheimer Operator Thank you and welcome to the MarketWise First Quarter 2023 Earnings Call. During today's presentation, all parties will be in a listen-only mode.

MarketWise, Inc. (MKTW) Q1 2023 Earnings Call Transcript

~ Revenues of $126.2 Million ~ ~ Billings of $97.2 Million ~ ~ Net Income of $30.6 Million ~ BALTIMORE, May 11, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today reported financial results for first quarter 2023. First Quarter 2023  Highlights (Unaudited)   1Q 2023   1Q 2022   % change Total Subscribers (in thousands)             16,456     15,430   6.6 % Paid Subscribers (in thousands)             777     909   (14.5 )% Total net revenue (in millions)           $ 126.2   $ 136.8   (7.7 )% Billings (in millions)           $ 97.2   $ 136.0   (28.5 )% ARPU           $ 493   $ 636   (22.4 )% Net income (loss) (in millions)           $ 30.6   $ 23.0   32.9 % CFFO (in millions)           $ 3.9   $ 1.1   262.2 % Adjusted CFFO (in millions)           $ 3.9   $ 1.1   262.2 %                   First Quarter 2023 Highlights (1) Total net revenue was $126.2 million in first quarter 2023 compared to $136.8 million in first quarter 2022 Total Billings in first quarter 2023 was $97.2 million compared to $136.0 million in first quarter 2022 Net income was $30.6 million in first quarter 2023 compared to a net income of $23.0 million in first quarter 2022 Cash flow from operations (“CFFO”) was $3.9 million in first quarter 2023 compared to $1.1 million cash inflow in first quarter 2022 CFFO margin was 3.1% in first quarter 2023 compared to 0.8% in first quarter 2022 Adjusted CFFO, a non-GAAP measure, was $3.9 million in first quarter 2023 compared to $1.1 million in first quarter 2022 Adjusted CFFO margin, a non-GAAP measure was 4.0% in first quarter 2023 compared to 0.8% in first quarter 2022 Deferred revenue decreased by $77.4 million, or 10.9%, to $634.2 million as of March 31, 2023 compared to $711.6 million as of March 31, 2022 Paid Subscribers were 777 thousand as of March 31, 2023 compared to 909 thousand as of March 31, 2022 Free Subscribers were 15.7 million as of March 31, 2023 compared to 14.5 million as of March 31, 2022   __________________(1)   See “Key Business Metrics and Non-GAAP Financial Measures” below.

MarketWise Reports Financial Results for First Quarter 2023

BALTIMORE, May 11, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced that its Board of Directors has approved the initiation of a dividend program pursuant to which the Company intends to pay quarterly cash dividends to holders of Class A common stock at an initial amount of $0.01 per share. A comparable distribution of $0.01 per share has also been approved to holders of MarketWise common units. The first dividend and distribution will be paid on July 20, 2023, to shareholders and unitholders of record as of June 1, 2023.

MarketWise Announces Initiation of Quarterly Cash Dividend

BALTIMORE, May 02, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or the “Company”) today announced that it has entered into a settlement agreement with F. Porter Stansberry in connection with the Company's 2023 Annual Meeting of Shareholders (the “Agreement”).

MarketWise Enters into Settlement Agreement with F. Porter Stansberry in Connection with 2023 Annual Meeting

BALTIMORE, April 27, 2023 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise”), a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, today announced that its first quarter 2023 financial results will be released before the market opens on Thursday, May 11, 2023. The Company will host a conference call at 11:00 a.m. Eastern Time on that same day to discuss the financial results.

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