- MarketWise press release ( NASDAQ: MKTW ): Q3 net income of $16.5M
- Revenue of $119.9M (-14.8% Y/Y) in-line.
- Total Billings in third quarter 2022 was $105.1 million compared to $138.1 million in third quarter 2021; We believe the decrease is due in large part to reduced engagement of prospective and existing subscribers, as external economic and geopolitical factors continued to impact investor uncertainty and delayed purchases in the quarter
- Total Subscribers of 16.3 Million, up 18,5% from 3Q21.
- Paid Subscribers were 894 thousand as of September 30, 2022 compared to 965 thousand as of September 30, 2021
- Free Subscribers were 15.4 million as of September 30, 2022 compared to 12.8 million as of September 30, 2021
- ARPU of $556 vs $772 in 3Q21.
For further details see:
MarketWise reports Q3 results