Quarterly ResultMay 7, 2026, 07:32 AM
MarketWise Board Authorizes $50M Buyback; Q1 Billings +15% YoY
AI Summary
MarketWise reported Q1 2026 financial results, including a net loss of $0.6 million on total net revenue of $77.0 million. Billings increased 15% year-over-year to $81.4 million, driven by increased marketing investment and subscriber growth. The Board reauthorized a $50 million Class A common stock repurchase program and declared regular and special dividends totaling $0.45 per Class A share. The company affirmed its FY 2026 guidance for Billings of $300 million and CFFO of $50 million.
Key Highlights
- Board reauthorized a stock repurchase program of up to $50 million of Class A common stock.
- Q1 2026 Billings increased 15% year-over-year to $81.4 million.
- Q1 2026 Total Net Revenue was $77.0 million, a 7.8% decrease from Q1 2025.
- Q1 2026 Net Loss was $0.6 million, compared to net income of $16.8 million in Q1 2025.
- Q1 2026 Cash from Operating Activities (CFFO) was $(2.1) million, a $3.8 million decrease YoY.
- Paid Subscribers grew to 381 thousand as of March 31, 2026, up from 374 thousand in Q4 2025.
- Announced quarterly regular and special dividends totaling $0.45 per Class A share.
- Affirmed FY 2026 guidance: Billings of $300 million and CFFO of $50 million.