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

MarketWise Inc. (NASDAQ: MKTW), a leading multi-brand digital subscription services platform, has reported preliminary selected unaudited financial and operational updates for the fourth quarter of 2024. The company's billings for the quarter totaled approximately $55 million, representing a significant 10% sequential increase compared to the third quarter of 2024. This impressive growth is a testament to MarketWise's strategic initiatives and operational efficiency, which have driven revenue growth and improved overall performance.



In addition to the strong financial performance, MarketWise has announced a special dividend of $0.03 per share. This dividend, totaling approximately $1.3 million in the aggregate, will be paid on February 26, 2025, to shareholders of record as of January 29, 2025. The special dividend is funded from the excess tax distribution received by the Company, demonstrating MarketWise's ability to generate positive cash flow and return value to shareholders.



The company's cash and cash equivalents balance is estimated to have increased from $94 million at September 30, 2024, to $98 million at December 31, 2024. This strong financial position, coupled with the benefits from operational efficiency initiatives, has resulted in a return to positive cash flow generation for the quarter. This positive cash flow generation is a significant achievement for MarketWise, as it had experienced three quarters of negative cash flow prior to this.



MarketWise's progress on its strategic pillars of growth, efficiency, and new business, as well as the efforts of its 400 plus employees, have contributed to the meaningful sequential increase in Billings and return to cash generation in the fourth quarter. The company's strong financial performance and commitment to returning value to shareholders are likely to attract new investors and drive up the stock price.



In conclusion, MarketWise Inc.'s preliminary selected unaudited financial and operational updates for the fourth quarter of 2024 demonstrate the company's strong financial health, strategic initiatives, and commitment to returning value to shareholders. The significant increase in billings, return to positive cash flow generation, and special dividend announcement are all positive developments for the company and its investors. As MarketWise continues to execute on its strategic pillars and deliver for its customers, it is well-positioned to increase its intrinsic value per share over time.