MarketWise, Inc. Reports Net Income of $12.0 Million for the Third Quarter of 2023
Quarterly Revenue of $106.2 Million
By USInMinutes
Published - Nov 09, 2023, 07:07 AM ET
Last Updated - Nov 09, 2023, 07:07 AM EST
MARKETWISE, INC. [MKTW] has announced its financial results for the third quarter of 2023, reporting a net income of $12.0 million. The company generated a total revenue of $106.2 million during the quarter.
Financial Performance
MarketWise, Inc. performed well in the third quarter of 2023, with a net income of $12.0 million. This represents a significant turnaround from the previous quarter when the company reported a net loss of $4.0 million. The positive financial performance can be attributed to an increase in revenue and a decrease in operating expenses.
