| MarketWise Reports Net Revenue of $83.5 Million for First Quarter 2025 and Net Income of $16.8 Million; First Quarter Billings Increase 27% from Prior Quarter; Cash From Operating Activities Improves by $20.2 Million; Provides FY 2025 Financial Targets; Announced Quarterly and Special Dividend Totaling $0.30 per Class A Share |
BALTIMORE, May 08, 2025 (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 2025.(1) |
globenewswire.com |
2025-05-08 11:44:00 |
Czytaj oryginał (ang.) |
| MarketWise to Present at the UBS SMID-Cap Multisector Virtual Conference on June 24, 2025 |
BALTIMORE, May 02, 2025 (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 Chief Financial Officer, Erik Mickels, will host virtual meetings at the UBS SMID-Cap Multisector Virtual Conference on Tuesday, June 24, 2025. |
globenewswire.com |
2025-05-02 23:45:00 |
Czytaj oryginał (ang.) |
| MarketWise Declares Quarterly Dividend of $0.20 Per Share on Common Stock; Announces Special Dividend of $0.10 Per Share |
BALTIMORE, May 02, 2025 (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 $0.20 per share on May 1, 2025. A comparable distribution of $0.20 per unit has also been approved to holders of MarketWise, LLC units. |
globenewswire.com |
2025-05-02 23:22:00 |
Czytaj oryginał (ang.) |
| MarketWise: The Turnaround Is Beginning |
Despite past issues, MarketWise's recent 33% stock surge and improved operations justify upgrading the rating from ‘hold' to ‘buy' for risk-tolerant investors. Key financial metrics show mixed results: revenue and subscribers declined, but net profits and adjusted operating cash flow improved significantly. Preliminary Q1 2025 results indicate a positive trend in billings, suggesting potential stabilization and early signs of a turnaround. |
seekingalpha.com |
2025-04-12 12:00:00 |
Czytaj oryginał (ang.) |
| MarketWise Inc. Reports Preliminary Selected Unaudited First Quarter Billings of $70 Million, Over a 26% Increase from Prior Quarter; Commences Share Buyback Program; LTM Cash Dividend Yield Totals 16% |
BALTIMORE, April 11, 2025 (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 preliminary selected unaudited financial and operational updates for first quarter 2025 below. Our objective is to provide investors with selected information on recent directional trends in advance of issuing our usual earnings press release announcing first quarter 2025 financial results, which we expect to release in May 2025. |
globenewswire.com |
2025-04-11 14:20:00 |
Czytaj oryginał (ang.) |
| MarketWise: Approaching An Inflection Point Towards A Return To Growth |
The business is undergoing a successful turnaround as evidenced by a return to sequential billings growth. Cash flow generation is expected to remain solid, which together with the company's strong balance sheet allows for capital returns to shareholders. The stock currently trades for just 0.67 times annualized billings and 4.5 times normalized FCF. |
seekingalpha.com |
2025-04-07 19:39:54 |
Czytaj oryginał (ang.) |
| MarketWise Announces 1-for-20 Reverse Stock Split |
BALTIMORE, March 31, 2025 (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, announced that it will effect a 1-for-20 reverse stock split of its common stock, par value $0.0001 per share, effective at 5:00 p.m. Eastern Time on April 2, 2025. The Company's Class A common stock will begin trading on a reverse-split-adjusted basis when the markets open on April 3, 2025. The Company's Class A common stock will continue to trade on the Nasdaq Global Market under the symbol "MKTW." The new CUSIP number for the Company's Class A common stock following the reverse stock split will be 57064P206. |
globenewswire.com |
2025-03-31 21:28:00 |
Czytaj oryginał (ang.) |
| MarketWise Declares Dividend on Common Stock |
BALTIMORE, March 03, 2025 (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, announced that its Board of Directors declared a quarterly cash dividend to holders of Class A common stock of $0.01 per share on February 27, 2025, as referenced in the press release dated February 28, 2025. 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 March 31, 2025. The Record Date is March 18, 2025. |
globenewswire.com |
2025-03-03 19:21:00 |
Czytaj oryginał (ang.) |
| MarketWise Reports Net Income of $93.1 Million and Net Revenue of $408.7 Million for Full Year 2024, and Announces Stock Repurchase Program of up to $50 Million |
BALTIMORE, Feb. 28, 2025 (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 fourth quarter 2024.(1) |
globenewswire.com |
2025-03-01 00:51:00 |
Czytaj oryginał (ang.) |
| MarketWise to present at the UBS Financial Services Forum on February 11, 2025 |
BALTIMORE, Feb. 03, 2025 (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, announced today that Chief Financial Officer, Erik Mickels, will host in person meetings at the UBS Financial Services Forum at the Ritz Carlton Hotel in Key Biscayne, Florida on Tuesday, February 11, 2025. |
globenewswire.com |
2025-02-03 18:30:00 |
Czytaj oryginał (ang.) |
| MarketWise Inc. Reports Preliminary Selected Unaudited Fourth Quarter 2024 Billings of $55 Million, over a 10% Increase from Prior Quarter; Announces Special Dividend of $0.03 Per Share |
BALTIMORE, Jan. 15, 2025 (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 preliminary selected unaudited financial and operational updates for fourth quarter 2024 below. Our objective is to provide investors with selected information on recent directional trends in advance of issuing our usual earnings press release announcing full year 2024 financial results, which we expect to release in March 2025. |
globenewswire.com |
2025-01-15 10:20:00 |
Czytaj oryginał (ang.) |
| MarketWise to present at the 27th Annual Needham Growth Conference on January 16, 2025 |
BALTIMORE, Jan. 14, 2025 (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, announced today that Chief Financial Officer, Erik Mickels, will host virtual meetings at the 27th Annual Needham Growth Conference on Thursday, January 16, 2025. |
globenewswire.com |
2025-01-14 12:55:00 |
Czytaj oryginał (ang.) |
| MarketWise to present at the Emerging Growth Conference on January 15, 2025 |
BALTIMORE, Jan. 10, 2025 (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 it has been invited to present at the Emerging Growth Conference on January 15, 2025. |
globenewswire.com |
2025-01-10 18:16:00 |
Czytaj oryginał (ang.) |
| 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 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. |
globenewswire.com |
2024-11-07 19:17:00 |
Czytaj oryginał (ang.) |
| MarketWise Reports Net Income of $22.7 Million and Net Revenue of $97.2 Million for Third Quarter 2024 |
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. |
globenewswire.com |
2024-11-07 11:08:00 |
Czytaj oryginał (ang.) |
| MarketWise to Release Third Quarter 2024 Financial Results |
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. |
globenewswire.com |
2024-10-24 20:45:00 |
Czytaj oryginał (ang.) |
| MarketWise - Quarterly Report and Shareholder Letter |
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. |
globenewswire.com |
2024-08-14 13:06:00 |
Czytaj oryginał (ang.) |
| MarketWise: High Uncertainty, But An Attractive Risk-Reward |
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. |
seekingalpha.com |
2024-08-13 15:26:31 |
Czytaj oryginał (ang.) |
| MarketWise Declares Dividend on Common Stock |
BALTIMORE, Aug. 02, 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 August 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 September 25, 2024. The Record Date is August 15, 2024. |
globenewswire.com |
2024-08-02 11:30:00 |
Czytaj oryginał (ang.) |
| MarketWise - Quarterly Report and Shareholder Letter |
BALTIMORE, May 16, 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 March 31, 2024, and the CEO Letter to Shareholders was filed with the SEC on May 15, 2024 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 1Q 2024 CEO Letter to Shareholders , respectively. |
globenewswire.com |
2024-05-16 21:15:00 |
Czytaj oryginał (ang.) |
| MarketWise Declares Dividend on Common Stock |
BALTIMORE, May 03, 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. A comparable distribution of $0.01 per unit has also been approved to holders of MarketWise, LLC units. |
globenewswire.com |
2024-05-03 21:15:00 |
Czytaj oryginał (ang.) |
| 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 www.investors.marketwise.com. |
globenewswire.com |
2024-03-07 13:51:00 |
Czytaj oryginał (ang.) |
| 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 . |
globenewswire.com |
2024-03-07 09:45:00 |
Czytaj oryginał (ang.) |
| MarketWise Declares Dividend on Common Stock |
BALTIMORE, March 05, 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. 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 April 25, 2024. The Record date is March 15, 2024. |
globenewswire.com |
2024-03-05 11:36:00 |
Czytaj oryginał (ang.) |
| MarketWise to cut 104 jobs as ‘misconduct' prompts wind down of Legacy Research |
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. |
marketwatch.com |
2024-02-13 12:06:00 |
Czytaj oryginał (ang.) |
| MarketWise to Release Third Quarter 2023 Financial Results |
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. |
globenewswire.com |
2023-10-27 20:15:00 |
Czytaj oryginał (ang.) |
| 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, 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. |
globenewswire.com |
2023-10-19 00:40:00 |
Czytaj oryginał (ang.) |
| F. Porter Stansberry Joins MarketWise Board of Directors |
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. |
globenewswire.com |
2023-09-08 20:30:00 |
Czytaj oryginał (ang.) |
| MarketWise Repudiates False Claims in Porter Stansberry's August 11, 2023 Letter |
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”): |
globenewswire.com |
2023-08-24 20:10:00 |
Czytaj oryginał (ang.) |
| MarketWise, Inc. (MKTW) Q2 2023 Earnings Call Transcript |
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. |
seekingalpha.com |
2023-08-10 18:10:22 |
Czytaj oryginał (ang.) |
| MarketWise Reports Financial Results for Second Quarter 2023 |
~ 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. |
globenewswire.com |
2023-08-10 11:30:00 |
Czytaj oryginał (ang.) |
| MarketWise Declares Dividend on Common Stock |
BALTIMORE, Aug. 03, 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 declared a quarterly cash dividend to holders of Class A common stock of $0.01 per share. A comparable distribution of $0.01 per share has also been approved to holders of MarketWise, LLC common units. The dividend and distribution will be paid on October 26, 2023, to shareholders and unitholders of record as of September 5, 2023. |
globenewswire.com |
2023-08-03 20:15:00 |
Czytaj oryginał (ang.) |
| MarketWise to Release Second Quarter 2023 Financial Results |
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. |
globenewswire.com |
2023-07-27 20:10:00 |
Czytaj oryginał (ang.) |