Arena Group Holdings (AREN) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for Arena Group Holdings.

Research analysts who have asked questions during Arena Group Holdings earnings calls.

B. Riley

1 question for AREN

Recent press releases and 8-K filings for AREN.

Arena Group Holdings Extends Debt Maturities and Reduces Principal

AREN

Debt Issuance

Arena Group Holdings, Inc. (AREN) extended the maturity of its Term Loan with Renew Group Private Limited from December 31, 2026, to December 31, 2027.
The company made a $13 million principal payment on the Term Loan, reducing the outstanding principal to $97.7 million as of December 31, 2025.
The maturity of its Line of Credit with Simplify Inventions LLC was extended from December 1, 2026, to December 1, 2027, and the facility size was reduced from $50 million to $25 million.
As of December 31, 2025, the Line of Credit remains undrawn, and the company reported over $9 million in cash on its balance sheet after the debt paydown.

Jan 7, 2026, 10:29 PM

Arena Group Holdings, Inc. Reports Strong Profitability and Strategic Transformation in Q3 2025

AREN

Earnings

New Projects/Investments

The Arena Group Holdings, Inc. (AREN) reported Q3 2025 revenue of $29.8 million, which was down from $33.6 million in the prior year, noting that the previous year included a one-time $3 million licensing agreement.
Despite the revenue change, net income significantly increased to $6.9 million from $4 million, and Adjusted EBITDA rose to $11.9 million from $11.2 million.
This led to substantial improvements in profitability, with net margin reaching 23.2% (up from 11.9%) and EBITDA margin expanding to 39.9% (up from 33.3%).
The company has undergone a strategic transformation since 2021, shifting towards full ownership, brand acquisition, and ecosystem monetization, while also rebuilding its tech stack and centralizing its Ad-ops infrastructure.
Arena enters 2026 with a strong financial position, including Trailing Twelve Month EBITDA above $50 million, net debt below $100 million, and leverage under 2X.

Nov 19, 2025, 9:17 PM

Arena Group Holdings, Inc. Reports Q3 2025 Profitability and Margin Expansion

AREN

Earnings

M&A

New Projects/Investments

The Arena Group reported net income of $6.9 million in Q3 2025, a 73% increase from $4.0 million in Q3 2024, and Adjusted EBITDA of $11.9 million, up 6.3% from Q3 2024.
Despite a decrease in quarterly revenue to $29.8 million in Q3 2025 from $33.6 million in Q3 2024, the company maintained gross margins above 50% and improved its net margin to 23.2% and Adjusted EBITDA margin to 39.9%.
The company's entrepreneurial publishing model demonstrated success with non-advertising revenue growth of nearly 200% for brands like Athlon Sports and Men's Journal, and a 20% increase in on-site traffic for TheStreet compared to Q3 2024.
The Arena Group reduced net leverage below 2x after making $10 million in principal payments year to date and holds a cash balance of $12.5 million, which was used to fund the recent acquisitions of ShopHQ and Lindy's Sports in October 2025.

Nov 13, 2025, 9:19 PM

Arena Group acquires digital assets of Lindy's Sports

AREN

M&A

New Projects/Investments

The Arena Group Holdings, Inc. (AREN) acquired the digital assets of Lindy's Sports on October 14, 2025.
This acquisition expands The Arena Group's Sports & Leisure vertical and includes plans to relaunch the Lindy's Sports site by the end of October.
The acquisition aligns with the company's strategy of acquiring strong, legacy brands for digital growth, strengthening its position in the sports media market.

Oct 17, 2025, 8:10 PM

Arena Group Acquires ShopHQ

AREN

M&A

New Projects/Investments

The Arena Group Holdings, Inc. acquired the intellectual property of ShopHQ from IV Media, LLC.
This acquisition expands The Arena Group into data syndication, e-commerce, and social selling.
The company aims to leverage ShopHQ's first-party customer data and Arena's audience to synergize and monetize commerce and content, with the goal of increasing the value of programmatic inventory and advertiser conversion rates.
ShopHQ, a former $500 million plus revenue company, will focus on e-commerce and interactive selling across digital platforms, emphasizing creator-led social selling and a dropship-focused inventory relationship with vendors.