secwatch.observer — SEC 8-K summary
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Issuer:     Arena Group Holdings, Inc. (AREN)
CIK:        0000894871
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001493152-25-022320
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arena Group Q3 net income rises 73% to $6.9M; revenue down to $29.8M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894871/000149315225022320/0001493152-25-022320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894871/000149315225022320/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-022320

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