secwatch.observer — SEC 8-K summary
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Issuer:     Arena Group Holdings, Inc. (AREN)
CIK:        0000894871
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001493152-23-007902
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894871/000149315223007902/0001493152-23-007902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894871/000149315223007902/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-007902

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer