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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total net revenue $ 79,950 $ 105,046 $ 163,457 $ 214,037
Operating expenses:        
Cost of revenue [1] 10,950 13,379 22,885 26,747
Sales and marketing [1] 31,626 42,722 65,704 90,019
General and administrative [1] 19,744 24,514 37,072 48,316
Research and development [1] 2,141 2,171 4,487 4,320
Depreciation and amortization 500 669 1,031 1,362
Impairment of intangible assets 0 0 380 0
Related party expense 178 257 307 384
Total operating expenses 65,139 83,712 131,866 171,148
Income from operations 14,811 21,334 31,591 42,889
Other income (expense), net 343 (656) 501 (422)
Interest income, net 769 1,341 1,710 2,999
Income before income taxes 15,923 22,019 33,802 45,466
Income tax expense 613 779 1,651 1,514
Net income 15,310 21,240 32,151 43,952
Net income attributable to noncontrolling interests 14,013 19,696 29,964 40,751
Net income attributable to MarketWise, Inc. $ 1,297 $ 1,544 $ 2,187 $ 3,201
Earnings per share – basic (USD per share) $ 0.55 $ 0.81 $ 0.99 $ 1.71
Earnings per share – diluted (USD per share) $ 0.53 $ 0.80 $ 0.95 $ 1.64
Weighted average shares outstanding – basic (in shares) 2,357 1,910 2,205 1,873
Weighted average shares outstanding – diluted (in shares) 2,445 1,940 2,302 1,947
Nonrelated Party        
Total net revenue $ 79,309 $ 104,174 $ 162,323 $ 212,786
Related Party        
Total net revenue $ 641 $ 872 $ 1,134 $ 1,251
[1]
(1) Cost of revenue, sales and marketing, general and administrative, and research and development expenses are exclusive of depreciation and amortization shown as a separate line item