Call Start: 17:00 Call End: 17:54 March 1, 0000 ET

Q2 2022 Earnings Conference Call

August 8, 2022 17:00 ET

Company Participants

Jonathan Shanfield - Director of Investor Relations

Mark Arnold - Chairman & Chief Executive Officer

Dale Lynch - Chief Financial Officer

Conference Call Participants

Devin Ryan - JMP Securities

Kyle Peterson - Needham & Company

Jeff Meuler - Baird

Jason Helfstein - Oppenheimer & Company

Operator

Thank you for standing by and welcome to MarketWise Second Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to Jonathan Shanfield, Head of Investor Relations at MarketWise.

Jonathan Shanfield

Thank you. Good morning and thank you for joining us on today's conference call to discuss MarketWise second quarter 2022 financial results. On the call today, we have Mark Arnold, our Chief Executive Officer; and Dale Lynch, our Chief Financial Officer.

During the course of today's call, we may make forward-looking statements, including but not limited to, statements regarding our guidance and future financial performance, market demand, growth prospects, business strategies and plans and our ability to attract and retain customers. These forward-looking statements are based on management's current views and assumptions and should not be relied upon as of any subsequent date and we disclaim any obligation to update any forward-looking statements. Actual results may vary materially from today's statements. Information concerning our risks, uncertainties and other factors that could cause results to differ from these forward-looking statements are contained in the company's SEC filings, earnings press release and supplemental information posted on the Investors section of the company's website. Our discussion today will include certain non-GAAP financial measures. These non-GAAP financial measures should be considered in addition to but not as a substitute for or in isolation from GAAP measures. Reconciliation to non-GAAP investors can be found in our earnings press release and SEC filings.

Now, I’ll turn the call over to Mark.

Mark Arnold

Thanks, John and good morning, everybody. Welcome to our second quarter 2022 earnings call. The second quarter of 2022 continued the same market and investor dynamics we experienced through the first quarter of the year, reflecting increased volatility and uncertainty in the U.S. and the global markets. Record inflation prompted the Federal Reserve to embark upon an aggressive monetary tightening cycle and this prompted concerns across the investment community and investors that a recession or hard landing is possible or even likely, which contributed to the market sell-off that continued through the second quarter and ultimately resulted in what has been highly reported as the worst first half of the year for stocks in 50 years.