From GlobeNewswire: 2025-02-28 22:51:00

MarketWise, Inc. reported Q4 2024 financial results with 506k paid subscribers, $97.5M in total net revenue, $55.4M in total billings, and $26.4M in net income. CEO Dr. David Eifrig highlighted a 10% sequential growth in billings and return to profitability. The outlook for Q1 2025 is positive with over 10% higher billings.

For full year 2024, MarketWise saw $408.7M in total net revenue, a decrease of 8.8%, and $239.1M in total billings, a decrease of 37.5%. Net income for the year was $93.1M, showing a 71.5% increase. Operating activities cash flow was $6.0M for Q4 2024, with a $22.2M net cash used for the year.

The company’s balance sheet as of Dec. 31, 2024, showed $97.9M in cash and cash equivalents, a decrease from the previous year. Interest income earned in 2024 totaled $5.9M. MarketWise also made a $15.1M tax distribution in January 2025, resulting in a special dividend of $0.03 per Class A share.

MarketWise’s Board authorized a stock repurchase program of up to $50M for Class A common stock. The company’s Class A common stock trades on the Nasdaq Global Market under the symbol “MKTW.” As of Dec. 31, 2024, MarketWise had 39,562,797 shares of Class A common stock and 279,890,147 shares of Class B common stock issued and outstanding.

MarketWise, founded to support self-directed investors, offers financial research, software, education, and tools. With more than 25 years of experience, MarketWise serves millions of subscribers. Key metrics like paid subscribers, ARPU, and non-GAAP financial measures are used to evaluate and plan the company’s growth. MarketWise aims to become a leading financial solutions platform.



Read more at GlobeNewswire:: MarketWise Reports Net Income of $93.1 Million and Net