---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-007902"
form_type: "8-K"
ticker: "AREN"
cik: "0000894871"
company_name: "Arena Group Holdings, Inc."
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T01:27:52.290697+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-007902
- form_type: 8-K
- ticker: AREN
- cik: 0000894871
- company_name: Arena Group Holdings, Inc.
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894871/000149315223007902/0001493152-23-007902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894871/000149315223007902/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-007902
- JSON: https://secwatch.observer/filing/0001493152-23-007902.json
- Plain text: https://secwatch.observer/filing/0001493152-23-007902.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/894871/000149315223007902/0001493152-23-007902-index.htm
- Earnings Releases
  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
  source text: $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
  evidence_url: https://www.sec.gov/Archives/edgar/data/894871/000149315223007902/0001493152-23-007902-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.