- MarketWise (MKTW, Financial) reports Q1 2025 billings of $70 million, marking a 26% increase from the previous quarter.
- Company initiates share buyback program and sustains a dividend yield of 16%.
- As of March 2025, MarketWise holds $79 million in cash and cash equivalents.
MarketWise, Inc. (MKTW), a prominent digital subscription services platform, has released its preliminary selected unaudited financial and operational updates for the first quarter of 2025. The company reported Q1 2025 billings of approximately $70 million, showcasing an impressive increase of over 26% compared to the fourth quarter of 2024.
The firm boasts a substantial subscriber base, maintaining 473,000 paid subscribers and 3.0 million active free subscribers as of March 31, 2025. Financially robust, MarketWise holds $79 million in cash and cash equivalents, supplemented by approximately $9 million in accounts receivable.
MarketWise has embarked on a share buyback program, echoing its strategic commitment to returning capital to shareholders. Additionally, the company continues to offer a significant cumulative dividend program, yielding 16% based on the March 31, 2025 share price.
Following a recent 1-for-20 reverse stock split effective April 2, 2025, the company's total shares outstanding now stand at approximately 16.3 million. Full Q1 2025 results are expected to be released by May 15, 2025, which will provide further insight into MarketWise's evolving financial performance and strategic initiatives.
