---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-016162"
form_type: "8-K"
ticker: "AREN"
cik: "0000894871"
company_name: "Arena Group Holdings, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:38:14.517357+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Arena Group Q1 revenue up 7% to $51.4M, net loss widens to $19.4M, cash burn improves

## Summary
- Revenue $51.4M (up 7% YoY), digital ad revenue $23.5M (+9% YoY).
- Net loss $19.4M (wider by $1.0M vs $18.4M in Q1 2022).
- Adjusted EBITDA loss $4.5M vs loss $1.1M; includes $15.3M in non-cash charges.
- Cash used in operations improved to $1.7M from $13.3M, an $11.6M reduction.
- Full-year 2023 guidance reaffirmed; acquired Fexy Studios in January 2023.

## SEC filing metadata
- accession: 0001493152-23-016162
- form_type: 8-K
- ticker: AREN
- cik: 0000894871
- company_name: Arena Group Holdings, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894871/000149315223016162/0001493152-23-016162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894871/000149315223016162/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-016162
- JSON: https://secwatch.observer/filing/0001493152-23-016162.json
- Plain text: https://secwatch.observer/filing/0001493152-23-016162.txt

## Key facts
- Earnings Releases
  Arena Group Holdings, Inc. updated its the three months ended March 31, 2023 guidance (reaffirmed).
  - Period: the three months ended March 31, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On May 10, 2023, The Arena Group Holdings, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/894871/000149315223016162/0001493152-23-016162-index.htm

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