MarketWise Q2 Billings Surge 56% to $91M, FY Guidance Raised 10% to $330M
MKTW sits 46% above its 52-week low of $13.49.
Summary
MarketWise delivered preliminary Q2 billings of ~$91M, a 56% YoY jump and the highest since 2023, driven by aggressive customer acquisition that pushed paid subscribers to 400K. The company raised its full-year billings guidance by 10% to $330M, implying 21.7% growth over FY2025, while affirming its $1.80 per share dividend target. Cash stood at $33M after a $12.2M legal settlement and related share repurchase. Management plans to dial back marketing spend in H2 to focus on monetization and margin expansion, following the pattern of toggling between growth and profitability. This follows a mixed Q1 that saw strong billings but a net loss, and the raised outlook signals confidence in sustained subscriber momentum. Full Q2 results are expected on August 6.
At the time of this announcement, MKTW was trading at $19.67 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $317.7M. The 52-week trading range was $13.49 to $21.74. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.