The Arena Group Holdings, Inc. (AREN)

The Arena Group Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	142.82	125.91	143.63	220.94	189.14	128.03
Revenue Growth (YoY)	6.72%	-12.34%	-34.99%	16.81%	47.73%	140.02%
Cost of Revenue	67.71	70.19	88.36	132.92	110.53	100.68
Gross Profit	75.11	55.72	55.27	88.01	78.61	27.35
Selling, General & Admin	27.95	42.95	67.95	125.51	137.41	81.98
Operating Expenses	31.49	46.65	72.19	143.16	153.76	98.26
Operating Income	43.61	9.07	-16.92	-55.14	-75.15	-70.91
Interest Expense	-11.74	-14.67	-18.3	-11.43	-10.45	-16.5
Interest & Investment Income	0.01	0	0.34	-	-	0.38
Other Non Operating Income (Expenses)	-	-	-	-	0.03	3.07
EBT Excluding Unusual Items	31.89	-5.6	-34.88	-66.57	-85.56	-83.96
Merger & Restructuring Charges	-	-	-0.1	-0.48	-0.13	-
Gain (Loss) on Sale of Assets	-	-	-0.33	-	-	-0.28
Asset Writedown	-	-1.2	-0.12	-0.26	-1.19	-
Other Unusual Items	-0.31	-0.62	-1.59	-1.14	-4.73	-4.79
Pretax Income	31.58	-7.42	-37.02	-68.45	-91.61	-89.02
Income Tax Expense	1.09	0.25	0.2	-1.06	-1.67	0.21
Earnings From Continuing Operations	30.49	-7.67	-37.22	-67.39	-89.94	-89.23
Earnings From Discontinued Operations	95.92	-93.04	-18.37	-3.47	-	-
Net Income to Company	-	-100.71	-55.58	-70.86	-89.94	-89.23
Net Income	126.4	-100.71	-55.58	-70.86	-89.94	-89.23
Preferred Dividends & Other Adjustments	-	-	-	-	-	15.64
Net Income to Common	126.4	-100.71	-55.58	-70.86	-89.94	-104.87
Shares Outstanding (Basic)	47	35	22	18	11	2
Shares Outstanding (Diluted)	48	35	22	18	11	2
Shares Change (YoY)	60.79%	58.60%	26.66%	54.21%	446.87%	24.00%
EPS (Basic)	2.66	-2.84	-2.49	-4.02	-7.87	-50.18
EPS (Diluted)	2.66	-2.84	-2.49	-4.02	-7.87	-50.18
Free Cash Flow	17.56	-16.13	-24.77	-11.83	-15.11	-33.51
Free Cash Flow Per Share	0.37	-0.46	-1.11	-0.67	-1.32	-16.03
Gross Margin	52.59%	44.25%	38.48%	39.84%	41.56%	21.36%
Operating Margin	30.54%	7.20%	-11.78%	-24.96%	-39.73%	-55.38%
Profit Margin	88.51%	-79.99%	-38.70%	-32.07%	-47.55%	-81.91%
Free Cash Flow Margin	12.30%	-12.81%	-17.25%	-5.36%	-7.99%	-26.17%
EBITDA	47.16	12.77	-12.67	-33.86	-54.46	-46.08
EBITDA Margin	33.02%	10.14%	-8.82%	-15.32%	-28.79%	-35.99%
D&A For EBITDA	3.55	3.7	4.24	21.29	20.69	24.83
EBIT	43.61	9.07	-16.92	-55.14	-75.15	-70.91
EBIT Margin	30.54%	7.20%	-11.78%	-24.96%	-39.73%	-55.38%
Advertising Expenses	-	2.16	3.04	5.99	6.96	3.58

Updated Nov 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q