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Earnings Per Unit | 6 Months Ended
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Jun. 30, 2021
Marketwise, LLC |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] |
Earnings Per Unit | Earnings Per Unit The following table sets forth the computation of basic and diluted earnings per unit:
|  |  | Three Months Ended June 30, 2021
|  |  | Class A Units |  | Class B Units
Numerator |  |  |  |  |
Distributed earnings |  |  | $ | 1,181 |  |  | $ | 456 |
Undeclared and undistributed earnings: |  |  |  |  |
Net loss | $ | (7,895) |  |  |  |  |
Minus: Distributions to Class A unitholders | 1,181 |  |  |  |  |
Undeclared and undistributed loss | (9,076) |  |  |  |  |
Undeclared and undistributed (loss) earnings by unit class |  |  | (9,076) |  |  | — |
Total (loss) earnings by unit class |  |  | $ | (7,895) |  |  | $ | 456 |
Denominator |  |  |  |  |
Weighted average units used in computing earnings per unit, basic and diluted |  |  | 528,519 |  |  | 526,580 |
Earnings per unit class: |  |  |  |  |
Distributed earnings |  |  | $ | 2.23 |  |  | $ | 0.87 |
Undistributed loss |  |  | (17.17) |  |  | — |
Total |  |  | $ | (14.94) |  |  | $ | 0.87 |
|  |  | Three Months Ended June 30, 2020
|  |  | Class A Units |  | Class B Units
Numerator |  |  |  |  |
Distributed earnings |  |  | $ | 8,378 |  |  | $ | 5,757 |
Undeclared and undistributed earnings: |  |  |  |  |
Net income | $ | (80,045) |  |  |  |  |
Minus: Distributions to Class A unitholders | 8,378 |  |  |  |  |
Undeclared and undistributed earnings | (88,423) |  |  |  |  |
Undeclared and undistributed earnings by unit class |  |  | (88,423) |  |  | — |
Total earnings by unit class |  |  | $ | (80,045) |  |  | $ | 5,757 |
Denominator |  |  |  |  |
Weighted average units used in computing earnings per unit, basic and diluted |  |  | 547,466 |  |  | 496,732 |
Earnings per unit class: |  |  |  |  |
Distributed earnings |  |  | $ | 15.30 |  |  | $ | 11.59 |
Undistributed earnings |  |  | (161.51) |  |  | — |
Total |  |  | $ | (146.21) |  |  | $ | 11.59 |
|  |  | Six Months Ended June 30, 2021
|  |  | Class A Units |  | Class B Units
Numerator |  |  |  |  |
Distributed earnings |  |  | $ | 15,098 |  |  | $ | 6,107 |
Undeclared and undistributed earnings: |  |  |  |  |
Net loss | $ | (622,348) |  |  |  |  |
Minus: Distributions to Class A unitholders | 15,098 |  |  |  |  |
Undeclared and undistributed loss | (637,446) |  |  |  |  |
Undeclared and undistributed (loss) earnings by unit class |  |  | (637,446) |  |  | — |
Total (loss) earnings by unit class |  |  | $ | (622,348) |  |  | $ | 6,107 |
Denominator |  |  |  |  |
Weighted average units used in computing earnings per unit, basic and diluted |  |  | 528,519 |  |  | 526,580 |
Earnings per unit class: |  |  |  |  |
Distributed earnings |  |  | $ | 28.57 |  |  | $ | 11.60 |
Undistributed loss |  |  | (1,206.10) |  |  | — |
Total |  |  | $ | (1,177.53) |  |  | $ | 11.60 |
|  |  | Six Months Ended June 30, 2020
|  |  | Class A Units |  | Class B Units
Numerator |  |  |  |  |
Distributed earnings |  |  | $ | 66,145 |  |  | $ | 38,070 |
Undeclared and undistributed earnings: |  |  |  |  |
Net loss | $ | (96,546) |  |  |  |  |
Minus: Distributions to Class A unitholders | 66,145 |  |  |  |  |
Undeclared and undistributed loss | (162,691) |  |  |  |  |
Undeclared and undistributed (loss) earnings by unit class |  |  | (162,691) |  |  | — |
Total (loss) earnings by unit class |  |  | $ | (96,546) |  |  | $ | 38,070 |
Denominator |  |  |  |  |
Weighted average units used in computing earnings per unit, basic and diluted |  |  | 548,596 |  |  | 495,201 |
Earnings per unit class: |  |  |  |  |
Distributed earnings |  |  | $ | 120.57 |  |  | $ | 76.88 |
Undistributed loss |  |  | (296.56) |  |  | — |
Total |  |  | $ | (175.99) |  |  | $ | 76.88 |
Earnings Per Unit The following table sets forth the computation of basic and diluted earnings per unit:
|  |  | Year ended December 31, 2020
|  |  | Class A Units |  | Class B Units
Numerator |  |  |  |  |
Distributed earnings |  |  | $ | 101,767 |  |  | $ | 78,398 |
Undeclared and undistributed earnings: |  |  |  |  |
Net loss | $ | (538,373) |  |  |  |  |
Minus: Distributions to Class A unitholders | 101,767 |  |  |  |  |
Undeclared and undistributed loss | (640,140) |  |  |  |  |
Undeclared and undistributed (loss) earnings by unit class |  |  | (640,140) |  |  | — |
Total (loss) earnings by unit class |  |  | $ | (538,373) |  |  | $ | 78,398 |
Denominator |  |  |  |  |
Weighted average units used in computing earnings per unit, basic and diluted |  |  | 548,028 |  |  | 495,971 |
Earnings per unit class: |  |  |  |  |
Distributed earnings |  |  | $ | 185.70 |  |  | $ | 158.07 |
Undistributed loss |  |  | (1,168.08) |  |  | — |
Total |  |  | $ | (982.38) |  |  | $ | 158.07 |
|  |  | Year ended December 31, 2019
|  |  | Class A Units |  | Class B Units
Numerator |  |  |  |  |
Distributed earnings |  |  | $ | 20,471 |  |  | $ | 14,831 |
Undeclared and undistributed earnings: |  |  |  |  |
Net income | $ | 27,957 |  |  |  |  |
Minus: Distributions to Class A unitholders | 20,471 |  |  |  |  |
Undeclared and undistributed earnings | 7,486 |  |  |  |  |
Undeclared and undistributed earnings by unit class |  |  | 4,348 |  |  | 3,138 |
Total earnings by unit class |  |  | $ | 24,819 |  |  | $ | 17,969 |
Denominator |  |  |  |  |
Weighted average units used in computing earnings per unit, basic and diluted |  |  | 594,327 |  |  | 416,369 |
Earnings per unit class: |  |  |  |  |
Distributed earnings |  |  | $ | 34.44 |  |  | $ | 35.62 |
Undistributed earnings |  |  | 7.36 |  |  | 7.48 |
Total |  |  | $ | 41.80 |  |  | $ | 43.10 |
|  |  | Year ended December 31, 2018
|  |  | Class A Units |  | Class B Units
Numerator |  |  |  |  |
Distributed earnings |  |  | $ | 22,017 |  |  | $ | 17,135 |
Undeclared and undistributed earnings: |  |  |  |  |
Net income | $ | 18,601 |  |  |  |  |
Minus: Distributions to Class A unitholders | 22,017 |  |  |  |  |
Undeclared and undistributed loss | (3,416) |  |  |  |  |
Undeclared and undistributed loss by unit class |  |  | (3,416) |  |  | — |
Total earnings by unit class |  |  | $ | 18,601 |  |  | $ | 17,135 |
Denominator |  |  |  |  |
Weighted average units used in computing earnings per unit, basic and diluted |  |  | 611,547 |  |  | 395,000 |
Earnings per unit class: |  |  |  |  |
Distributed earnings |  |  | $ | 36.00 |  |  | $ | 43.38 |
Undistributed loss |  |  | (5.59) |  |  | — |
Total |  |  | $ | 30.42 |  |  | $ | 43.38 |

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