MarketWise, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 12:17 pm
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MarketWise, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 103.64 million compared to USD 128.01 million a year ago. Revenue was USD 103.64 million compared to USD 128.01 million a year ago. Net income was USD 0.036 million compared to USD 11.88 million a year ago.
For the six months, sales was USD 229.88 million compared to USD 264.81 million a year ago. Revenue was USD 229.88 million compared to USD 264.81 million a year ago. Net income was USD 1.5 million compared to USD 17.71 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.77 a year ago.
MarketWise, Inc. is a multi-brand platform of subscription businesses that provides premium financial research, software, education, and tools for self-directed investors. The Company provides its subscribers with the research, education, and tools that they need to navigate the financial markets. It offers a portfolio of independent investment research as well as software and analytical tools on a subscription basis. It also offers a suite of investment research products and solutions. The Company is offering its research across a variety of platforms, including desktop, laptop, and mobile devices, such as tablets and mobile phones. It also developed various software applications that provide customers with algorithmic tools to search for trading ideas and manage portfolio risk. The Company offers over 37 free and 135 paid products on multiple platforms through its 11 primary customer-facing brands. It has an engaged subscriber base of approximately 737 thousand paid subscribers.
MARKETWISE, INC. 
