
MarketWise Inc. Reports Decline in Quarterly Revenue

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MarketWise Inc. reported a decline in Q3 revenue, with total net revenue falling to $81.3 million from $97.2 million year-over-year. Subscription revenue also decreased from $96.8 million to $80.7 million. Despite this, the company maintained profitability with a net income of $1.5 million. Cash reserves dropped significantly from $97.9 million to $50.5 million. MarketWise is focusing on growth management and adapting to macroeconomic challenges while aiming to expand its market share and product offerings.
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