MarketWise Q3 revenue beats estimates on billings growth
MKTW•MarketWise Q3 revenue rose 27% year over year to $80.1 million, topping the $78.47 million estimate. The company affirmed its FY 2026 targets of about $330 million in billings, $50 million in cash flow from operations and a $1.80 per-share dividend for Class A stock.
1. Revenue and billings growth
MarketWise reported Q3 revenue of $80.1 million, above the $78.47 million analyst estimate, and billings of $80.7 million. Net income was $15.1 million and operating cash flow was $7.8 million.
2. Focus shifts to monetization
The company said billings rose 27% year over year, citing higher customer acquisition in Q1 and Q2, improved retention and stronger conversion of higher-priced products. It scaled back Q3 marketing spend to focus on monetizing existing subscribers, resulting in fewer new subscribers and lower sequential billings.
3. FY 2026 targets affirmed
MarketWise maintained its FY 2026 targets of about $330 million in billings, up 22% from FY 2025, about $50 million in cash flow from operations and a $1.80 dividend per share for Class A stock.
