Quarterly ResultAug 6, 2026, 08:37 AM
MarketWise Q2 Revenue $75.8M; Reports Net Loss of $0.6M
AI Summary
MarketWise, Inc. reported a net loss of $0.6 million for the second quarter of 2026, a significant decline from a net income of $1.3 million in the same period last year. Total net revenue for the quarter decreased by 5.2% to $75.8 million. For the six months ended June 30, 2026, the company recorded a net loss of $1.2 million, compared to a net income of $2.2 million in the prior year period, with cash and cash equivalents decreasing by over 53% since year-end 2025.
Key Highlights
- Total net revenue for Q2 2026 decreased 5.2% to $75.8 million from $79.9 million in Q2 2025.
- Net loss attributable to MarketWise, Inc. for Q2 2026 was $0.6 million, compared to net income of $1.3 million in Q2 2025.
- Basic earnings per share for Q2 2026 was $(0.24), down from $0.55 in Q2 2025.
- Total net revenue for the six months ended June 30, 2026, decreased 6.5% to $152.8 million.
- Net loss attributable to MarketWise, Inc. for the six months ended June 30, 2026, was $1.2 million.
- Cash and cash equivalents decreased 53.1% to $32.9 million as of June 30, 2026, from $70.1 million at December 31, 2025.
- Total stockholders' deficit increased to $(267.3) million as of June 30, 2026, from $(213.6) million at December 31, 2025.
- Net cash used in financing activities was $(55.9) million for the six months ended June 30, 2026.
Price Impact
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