Brief: Marketwise Says Q2 Revenue Rose 71.7% To $142.1 Mln

MarketWise

12/08/2021 13:52

Aug 12 (Reuters) - MarketWise Inc  MKTW.O :
    * MARKETWISE, WHICH MERGED WITH ASCENDANT DIGITAL
ACQUISITION
CORP, SAYS Q2 REVENUE ROSE 71.7 PERCENT TO $142.1 MILLION
(CORRECTS SOURCE)
    * MARKETWISE REPORTS FINANCIAL RESULTS FOR SECOND QUARTER
2021
    * ADJUSTED CFFO INCREASED BY 59.0% TO $59.4 MILLION IN Q2
2021
    * PAID SUBSCRIBERS INCREASED BY 45.5% TO 1.0 MILLION IN Q2
2021
    * PAID SUBSCRIBERS INCREASED BY 45.5% TO 1.0 MILLION IN Q2
2021
    * ARPUS WERE $823 IN Q2 2021, AN INCREASE OF 10.1%
    * FREE SUBSCRIBERS INCREASED BY 75.6% TO 12.0 MILLION IN Q2
2021
    * FREE SUBSCRIBERS INCREASED BY 75.6% TO 12.0 MILLION IN Q2
2021
    * TOTAL NET LOSS WAS $8.4 MILLION IN Q2 2021 VERSUS LOSS OF
$81.0
MILLION

Source text for Eikon:  ID:nGNX6bb63z 
Further company coverage:  MKTW.O 

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