{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-022320","form_type":"8-K","ticker":"AREN","cik":"0000894871","company_name":"Arena Group Holdings, Inc.","filed_at":"2025-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.525060+00:00","generated_at":"2026-05-16T20:45:27.722653+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Arena Group Q3 net income rises 73% to $6.9M; revenue down to $29.8M","bullets":["Q3 revenue $29.8M vs $33.6M (prior year included $3M one-time licensing gain).","Net income $6.9M ($0.14 EPS), up from $4.0M; adjusted EBITDA $11.9M, margin 39.9%.","Cash $12.5M; net leverage below 2x after $10M debt payments year-to-date.","Non-advertising revenue for Athlon Sports and Men's Journal up nearly 200%.","In Oct 2025 acquired ShopHQ and Lindy's Sports digital assets for cash."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-022320","json":"https://secwatch.observer/filing/0001493152-25-022320.json","markdown":"https://secwatch.observer/filing/0001493152-25-022320.md","text":"https://secwatch.observer/filing/0001493152-25-022320.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894871/000149315225022320/0001493152-25-022320-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894871/000149315225022320/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T20:45:27.722653+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}