MarketWise Reports Q3 Earnings Beat on EPS and Revenue
MarketWise (NASDAQ: MKTW) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and revenue. The company posted a GAAP EPS of $0.53, surpassing estimates by $0.21, while revenue reached $80.9 million, beating projections by $2.43 million despite a slight year-over-year decline of 0.5%. A significant highlight from the report is the company's billings performance. Billings for the third quarter totaled $80.7 million, marking a robust 27% increase compared to the same period in the previous year. This strong growth in billings suggests positive momentum in future revenue recognition and customer demand.
Tickers: $MKTW