Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net revenue $ 547,899 $ 360,793 $ 265,398
Related party revenue 1,284 3,386 6,825
Total net revenue 549,183 364,179 272,223
Operating expenses:      
Cost of revenue [1],[2] 239,251 154,605 42,553
Sales and marketing [1],[2] 296,934 214,257 106,094
General and administrative expenses [1],[2] 960,183 526,561 91,669
Research and development [2] 7,487 4,770 3,672
Depreciation and amortization 2,676 2,553 2,334
Related party expense 10,245 122 331
Total operating expenses 1,516,776 902,868 246,653
(Loss) income from operations (967,593) (538,689) 25,570
Other (expense) income, net 16,178 (2,879) 865
Interest (expense) income, net (110) 477 1,558
(Loss) income before income taxes (951,525) (541,091) 27,993
Income tax expense 2,358 0 0
Net (loss) income (953,883) (541,091) 27,993
Net (loss) income attributable to non-controlling interests 59,426 (2,718) 36
Net (loss) income attributable to MarketWise, Inc. (1,013,309) (538,373) 27,957
Earnings per share      
Total stock-based compensation expense 1,063,351 553,600 20,439
Cost of revenue      
Earnings per share      
Total stock-based compensation expense 171,804 102,736 5,025
Sales and marketing      
Earnings per share      
Total stock-based compensation expense 48,098 10,567 0
General and administrative      
Earnings per share      
Total stock-based compensation expense $ 843,449 $ 440,297 $ 15,414
[1]
Included within cost of revenue, sales and marketing, and general and administrative expenses are stock-based compensation expenses as follows (see Note 11):
Year Ended December 31,
202120202019
Cost of revenue$171,804 $102,736 $5,025 
Sales and marketing48,098 10,567 — 
General and administrative843,449 440,297 15,414 
Total stock-based compensation expense$1,063,351 $553,600 $20,439 
[2] Cost of revenue, sales and marketing, general and administrative, and research and development expenses are exclusive of depreciation and amortization shown as a separate line item