The raised billings guidance and strong H1 momentum suggest accelerating demand for MarketWise's subscription products. Traders should monitor the full Q2 earnings release on August 6 for GAAP financials, margin trajectory, and subscriber retention trends in H2 when marketing spend moderates.
Price Chart
Executive Summary
MarketWise reported preliminary Q2 2026 results with billings of ~$91M, a 56% YoY increase and the highest since 2023. The company raised its full-year 2026 billings guidance by 10% to $330M, representing 21.7% YoY growth, while paid subscribers grew 7% from year-end 2025 and ARPU surged 73% YoY to $821. This operational update is positive but preliminary; full audited results are due August 6.
Key Facts
- Q2 2026 billings of ~$91M, up 56% YoY and 12% sequentially, the highest since 2023
- Raised FY 2026 billings guidance by 10% to $330M (21.7% YoY growth)
- Paid subscribers at 400K at June 30, 2026, up 7% from 374K at December 31, 2025
- ARPU of $821 at June 30, up 73% YoY ($474) and 11% sequentially
- Cash of $33M declined from $53M at March 31 due to $12.2M legal settlement disbursement and $31M in H1 tax distributions
- Maintained FY 2026 dividend target of $1.80 per share
Financial Impact
Billings guidance raised to $330M from ~$300M previously, implying 21.7% full-year growth; Q2 billings of ~$91M represent a significant acceleration
Risk Factors
- Results are preliminary and unaudited, subject to adjustment after external review
- Cash declined materially due to legal settlement and tax distributions; full-year tax distributions raised to $40M
- Margins expected to expand in H2 but may fall short if marketing spend does not moderate as planned
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3325265 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 24, 2026 4w ago | 8-K | $19.15 $18.47 | ▲ +3.55% | ▲ +3.13% | $18.83 (+1.67%) |
Aug 6, 2026 11w ago | Press Release | $21.34 $18.17 | ▼ −14.85% | ▼ −15.45% | $18.83 (−11.76%) |
Jul 9, 2026 15w ago | Press Release | $20.16 $20.25 | ▲ +0.45% | ▼ −1.98% | $18.83 (−6.60%) |
Jul 2, 2026 16w ago | Insider Cluster | $18.86 $19.93 | ▲ +5.67% | ▲ +6.09% | $18.83 (−0.16%) |
May 7, 2026 24w ago | 8-K | $16.63 $16.53 | ▲ +0.60% | ▲ +3.74% | $18.83 (−13.23%) |
May 7, 2026 24w ago | Press Release | $16.63 $16.53 | ▼ −0.60% | ▼ −3.74% | $18.83 (+13.23%) |
May 5, 2026 24w ago | Press Release | $16.77 $16.53 | ▼ −1.40% | ▼ −4.18% | $18.83 (+12.32%) |
Apr 17, 2026 27w ago | DEFA14A | $17.03 $16.60 | ▼ −2.52% | ▼ −6.73% | $18.83 (+10.57%) |
Apr 13, 2026 28w ago | 8-K | $16.26 $18.64 | ▲ +14.64% | ▲ +8.34% | $18.83 (+15.81%) |
Apr 13, 2026 28w ago | Press Release | $16.26 $18.64 | ▲ +14.64% | ▲ +8.34% | $18.83 (+15.81%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers