MarketWise Reports Net Income of $22.7 Million and Net Revenue of $97.2 Million for Third Quarter 2024
MarketWise, Inc. - Class A (MKTW)
Company Research
Source: GlobeNewswire
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. Third Quarter 2024 Highlights(1) Paid Subscribers were 592 thousand as of September 30, 2024 compared with 774 thousand as of September 30, 2023Total Net Revenue was $97.2 million in third quarter 2024 compared with $106.2 million in third quarter 2023Total Billings was $48.9 million in third quarter 2024 compared with $95.5 million in third quarter 2023Net Income was $22.7 million in third quarter 2024 compared with $12.0 million in third quarter 2023Cash and Cash Equivalents were $94.1 million as of September 30, 2024 (1) See “Key Business Metrics and Non-GAAP Financial Measures” below. For a reconciliation of Adjusted CFFO and Adjusted CFFO margin
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Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 3
- 11/22/24 - Form 3
- MKTW's page on the SEC website