MarketWise reported preliminary unaudited results for Q2 2026 showing billings of approximately $91 million, a 56% year-over-year increase, and raised full-year 2026 billings guidance to $330 million. Paid subscribers rose to 400,000 at June 30, 2026, while cash and cash equivalents were $33 million after a $12.2 million legal settlement-related disbursement. The company affirmed its full-year dividend target to Class A shareholders of $1.80 per share.

Financial Highlights

  • Q2 2026 Billings: approximately $91 million, up 56% year-over-year and 12% sequentially.
  • FY 2026 Billings guidance raised to $330 million, representing a 21.7% increase versus FY 2025.
  • Cash and cash equivalents: $33 million at June 30, 2026 (includes $12.2 million legal settlement disbursement).
  • Dividends: $0.45 per Class A share paid in the quarter; full-year dividend target affirmed at $1.80 per Class A share.
  • Tax distributions for FY 2026 expected to be approximately $40 million (with $31 million paid in first half and ~$9 million expected in second half).

Business Highlights

  • Paid Subscribers: 400,000 at June 30, 2026, up 26,000 (7%) from 374,000 at December 31, 2025; active free subscribers totaled 2.1 million.
  • ARPU (preliminary) at June 30, 2026: $821 (trailing four quarters of net billings divided by average quarterly paid subscribers), up 73% year-over-year and up 11% sequentially.
  • Growth drivers in Q2: increased customer acquisition from opportunistic direct marketing, improved retention, and strong conversion on higher-priced products.
  • Operating posture: company plans to moderate customer acquisition in the second half of 2026 and shift focus to disciplined cash generation and margin expansion.
  • Share structure and capital actions: completed repurchase/redemption canceling ~3% of outstanding shares in April 2026 as part of settlement; total outstanding as of June 30, 2026 — 2,664,541 Class A and 12,986,774 Class B shares (15,651,315 total).

Original SEC Filing:

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