Core Insights - MarketWise, Inc. reported preliminary financial and operational updates for Q1 2025, highlighting a strong performance with a focus on strategic priorities [1][4] - The company experienced a billings increase of over 26% compared to Q4 2024, totaling approximately 79 million and no debt, allowing for operational flexibility [5][4] Financial Performance - Billings for Q1 2025 reached approximately 1.60 per share, equating to a cash yield of over 16% based on the stock price as of March 31, 2025 [4][8] - The company has initiated share buybacks in Q2 2025 under a previously announced buyback program [8] Subscriber Metrics - As of March 31, 2025, MarketWise had 473 thousand consolidated paid subscribers and 3.0 million active free subscribers [8] Capital Structure - Following a 1-for-20 reverse stock split on April 2, 2025, the company had approximately 2,572,676 Class A common shares and 13,732,864 Class B common shares outstanding, totaling 16,305,540 shares on a post-split basis [6]
MarketWise Inc. Reports Preliminary Selected Unaudited First Quarter Billings of $70 Million, Over a 26% Increase from Prior Quarter; Commences Share Buyback Program; LTM Cash Dividend Yield Totals 16%