Core Viewpoint - MarketWise, Inc. reported preliminary financial and operational updates for Q4 2024, highlighting a significant sequential increase in billings and a return to cash generation, with expectations to release full year 2024 results in March 2025 [1][4]. Financial Performance - Billings for Q4 2024 totaled approximately 94 million at September 30, 2024, to 0.03 per share was announced, totaling approximately $1.3 million, to be paid on February 26, 2025, to shareholders of record as of January 29, 2025 [6][8]. Subscriber Metrics - As of December 31, 2024, consolidated paid subscribers were 506 thousand, while active free subscribers were 3.3 million [8]. Strategic Outlook - The interim CEO expressed confidence in the company's strategic pillars of growth, efficiency, and new business, indicating potential for increasing intrinsic value per share over time [4]. - The company plans to report full and audited results for the fourth quarter and year ended December 31, 2024, no later than March 31, 2025 [7].
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