Arena Group FY2022 revenue $220.9M (+16.8% YoY); digital ad revenue up 74%

Arena Group Holdings, Inc.

Full year revenue of $220.9M, up 16.8% from $189.1M in 2021; Q4 revenue $61.7M, up 0.8%.
Digital advertising revenue rose 73.9% to $109.3M for 2022; Q4 digital ad revenue $34.5M (+46.9%).
Net loss improved to $70.9M from $89.9M; Q4 net loss $13.7M vs $19.1M prior year.
Adjusted EBITDA turned positive to $3.1M for FY2022 vs ($12.1M) in 2021; Q4 Adj. EBITDA $5.4M.
Operating expenses fell $19M to $143.9M in FY2022; Q4 opex down 30% YoY.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Arena Group Holdings, Inc. reported the three months and twelve months ended December 31, 2022 results: revenue $221 million, net income $70.9 million.

Period: the three months and twelve months ended December 31, 2022
Revenue: $221 million
Net income: $70.9 million
Result: reported results

Exact text from the filing

The Company reported significant improvements in both top- and bottom-line results in 2022, driving record revenues of more than $221 million, while reducing operating expenses by nearly $20 million over that time.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Arena Group Holdings, Inc. reported the fourth quarter and year ended December 31, 2022 results: revenue $61.7 million.

Period: the fourth quarter and year ended December 31, 2022
Revenue: $61.7 million
Result: reported results

Exact text from the filing

$221 million, while reducing operating expenses by nearly $20 million over that time. In the fourth quarter of 2022, the Company reported revenue from continuing operations of $61.7 million while reducing operating expenses by more than 30%. These results were driven by significant gains in digital advertising and licensing and syndication, and new lines of revenue

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Arena Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-007902

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