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.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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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MarketWise, Inc. offers high-grade financial research, applications, and training for retail investors in the booming online trading era. The company is committed to trimming costs, including professional fees and severance costs, and increasing sales and marketing spend ratio on the GAAP P&L.

MarketWise: The Financial Knight In Shining Armor For Mom-And-Pop Investors

MarketWise, Inc. (NASDAQ:MKTW ) Q4 2022 Earnings Conference Call March 30, 2023 11:00 AM ET Company Participants Jonathan Shanfield - Vice-President of Investor Relations Amber Mason - Chief Executive Officer Stephen Park - Interim Chief Financial Officer Lee Harris - Senior Vice President of Financial Planning & Analysis Conference Call Participants Jason Helfstein - Oppenheimer Michael Falco - JMP Securities Alex Kramm - UBS Sam Salvas - Needham & Company Operator Thank you for standing by, and welcome to the MarketWise Fourth Quarter 2022 Earnings Call. During today's presentation all parties will be in a listen-only mode.

MarketWise, Inc. (MKTW) Q4 2022 Earnings Call Transcript

MarketWise Reports Fourth Quarter and Full Year 2022 Financial Results

BALTIMORE, March 22, 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 fourth quarter and full year 2022 financial results will be released before the market opens on Thursday, March 30, 2023. The Company will host a conference call at 11:00 a.m. Eastern Time on that same day to discuss the financial results.

MarketWise Announces Fourth Quarter and Full Year 2022 Financial Results Release Date and Conference Call

BALTIMORE, Feb. 15, 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 Amber Lee Mason has been appointed Chief Executive Officer of the Company and a member of the board of directors, effective immediately. Dr. Stephen Sjuggerud has stepped down from his current role as Interim Chief Executive Officer.

MarketWise Announces Appointment of Amber Lee Mason Chief Executive Officer and Board Member

An increasing number of ordinary people are investing in the stock market. MKTW empowers retail investors to make better decisions.

MarketWise: Making Retail Investors Wiser In Investing

MarketWise Inc. MKTW, +0.91% said Wednesday that Chief Executive Mark Arnold has resigned, effective immediately, after five years in the role and nearly 10 years with the company. The provider of financial research and education tools for investors named board member Stephen Sjuggerud interim CEO while it searches for a permanent replacement.

MarketWise CEO resigns effective immediately, after 5 years in charge

BALTIMORE, MD, Nov. 23, 2022 (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 Mark Arnold has resigned as Chairman of the Board of Directors and Chief Executive Officer of MarketWise, and as a director of MarketWise.  The Board has accepted his resignation and named Dr. Stephen Sjuggerud, a current director and two-decade veteran at MarketWise, interim Chief Executive Officer.  These changes are effective immediately.

MarketWise Announces Resignation of Mark Arnold as Chairman and CEO; Dr. Stephen Sjuggerud Appointed Interim CEO

MarketWise, Inc. (NASDAQ:MKTW ) Q3 2022 Results Conference Call November 3, 2022 11:00 AM ET Company Participants Jonathan Shanfield - Director of Investor Relations Mark Arnold - Chairman & Chief Executive Officer James McGinness - Acting Chief Financial Officer Conference Call Participants Alex Kramm - UBS Devin Ryan - JMP Securities Jeffrey Meuler - Robert W. Baird Kyle Peterson - Needham Jason Helfstein - Oppenheimer Operator Thank you for standing by, and welcome to the MarketWise Third Quarter 2022 Earnings Call.

MarketWise, Inc. (MKTW) Q3 2022 Earnings Call Transcript

In this article, we discuss MarketWise, a small but interesting retail research provider. The company is down more than 70% this year as a result of vicious economic headwinds pressuring its ability to grow and keep clients.

MarketWise: I'm Not Dumpster Diving Despite The Valuation

~ Total Subscribers of 16.3 Million, Including 894 Thousand Paid Subscribers ~

MarketWise Reports Financial Results for Third Quarter 2022

BALTIMORE, Oct. 20, 2022 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise”), 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 third quarter 2022 financial results will be released before the market opens on Thursday, November 3, 2022. The Company will host a conference call at 11:00 a.m. Eastern Time on that same day to discuss the financial results.

MarketWise Announces Third Quarter 2022 Financial Results Release Date and Conference Call

BALTIMORE, Sept. 19, 2022 (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 the completion of its previously announced exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding (i) public warrants to purchase shares of Class A common stock of the Company, par value $0.0001 per share (the “Class A common stock”), which warrants trade on The Nasdaq Global Market (the “Nasdaq”) under the symbol “MKTWW”(the “public warrants”), and (ii) private placement warrants to purchase shares of Class A common stock (together with the public warrants, the “warrants”). The Company issued 5,725,681 shares of Class A common stock in exchange for the warrants tendered in the Offer.

MarketWise, Inc. Announces Successful Completion of Exchange Offer and Consent Solicitation

BALTIMORE, Maryland, Sept. 15, 2022 (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 the expiration and results of its previously announced exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding (i) public warrants to purchase shares of Class A common stock of the Company, par value $0.0001 per share (the “Class A common stock”), which warrants trade on The Nasdaq Global Market (the “Nasdaq”) under the symbol “MKTWW”(the “public warrants”), and (ii) private placement warrants to purchase shares of Class A common stock (the “private placement warrants” and, together with the public warrants, the “warrants”). The Offer and Consent Solicitation expired at 11:59 p.m., Eastern Time, on September 14, 2022.

MarketWise, Inc. Announces Successful Warrant Exchange Offer

Last Friday, after market close a Form 4 was filed for independent investment research firm MarketWise (US:MKTW cnx.cmd.push(function() {var videoId = decodeURIComponent(""); cnx({ playerId: "0a52d238-33b5-4c04-ba5e-323e192cfbe8", mediaId: videoId}).render("b8b49474e42e4a61905a1353db504ac9"); });) relating to the purchase of additional shares by insider Frank Porter Stansberry.

MarketWise Insider Porter Stansberry Now Owns 5.6% After Latest $832K Purchase

Traeger

PHX Minerals

The Nasdaq Composite jumped by around 250 points on Friday. Investors, meanwhile, focused on some notable insider trades.

Marketwise (NASDAQ:MKTW), Traeger (NYSE:COOK) – MarketWise And 2 Other Penny Stocks Insiders Are Aggressively Buying

BALTIMORE, Maryland, Aug. 17, 2022 (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 has commenced an exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding (i) public warrants to purchase shares of Class A common stock of the Company, par value $0.0001 per share (the “Class A common stock”), which warrants trade on The Nasdaq Global Market under the symbol “MKTWW”(the “public warrants”), and (ii) private placement warrants to purchase shares of Class A common stock (the “private placement warrants” and, together with the public warrants, the “warrants”). The purpose of the Offer and Consent Solicitation is to simplify the Company's capital structure and reduce the potential dilutive impact of the warrants, thereby providing the Company with more flexibility for financing its operations in the future.

MarketWise, Inc. Announces Commencement of Exchange Offer and Consent Solicitation Relating to Warrants

MarketWise is a fast-growing provider of retail investor services, including data platforms, news, and analyses. The company sees a large addressable market, and it has a portfolio to exploit a rapidly rising market.

MarketWise - When Risks Outweigh Opportunities

MarketWise, Inc. (NASDAQ:MKTW ) Q2 2022 Earnings Conference Call August 8, 2022 11:00 AM ET Company Participants Jonathan Shanfield - Head of Investor Relations Mark Arnold - Chairman & Chief Executive Officer Dale Lynch - Chief Financial Officer Conference Call Participants Devin Ryan - JMP Securities Operator Thank you for standing by, and welcome to MarketWise Second Quarter 2022 Earnings Call. At this time, all participants are in a listen mode.

MarketWise, Inc. (MKTW) CEO Mark Arnold on Q2 2022 Results - Earnings Call Transcript

~ Total Subscribers of 15.9 Million, Including 898 Thousand Paid Subscribers ~

MarketWise Reports Financial Results for Second Quarter 2022

BALTIMORE, July 25, 2022 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise”), 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 second quarter 2022 financial results will be released before the market opens on Monday, August 8, 2022. The Company will host a conference call at 11:00 a.m. Eastern Time on that same day to discuss the financial results.

MarketWise Announces Second Quarter 2022 Financial Results Release Date and Conference Call

BALTIMORE, June 21, 2022 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced it is set to join the broad-market Russell 2000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, according to FTSE Russell postings in early June 2022. Inclusion in the index will take effect after the U.S. market opens on June 27, 2022.

MarketWise Set to Join Russell 2000® Index

MarketWise has plummeted almost 80% since its SPAC merger with Ascendant Digital Acquisition Corp. last July. The company has a strong portfolio of different digital financial products with a compelling SaaS business model that gives it strong margins and cash flows.

MarketWise: Customer Monetization Is An Issue

MarketWise, Inc. (NASDAQ:MKTW ) Q1 2022 Earnings Conference Call May 9, 2022 11:00 AM ET Company Participants Jonathan Shanfield - Head, IR. Mark Arnold - Chairman & CEO Dale Lynch - CFO Conference Call Participants Devin Ryan - JMP Securities Kyle Peterson - Needham & Company Alexander Kramm - UBS Jeffrey Meuler - Robert W.

MarketWise, Inc. (MKTW) CEO Mark Arnold on Q1 2022 Results - Earnings Call Transcript

~ Total Subscribers of 15.4 Million, Including 909 Thousand Paid Subscribers ~

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