---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-024265"
form_type: "8-K"
ticker: "AREN"
cik: "0000894871"
company_name: "Arena Group Holdings, Inc."
filed_at: "2025-11-19T23:59:59+00:00"
generated_at: "2026-05-16T18:39:37.329932+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Arena Group Q3 2025: Net income $6.9M, EBITDA $11.9M, margins expand

## Summary
- Q3 revenue $29.8M (down from $33.6M); prior year included $3M one-time licensing.
- Net income $6.9M vs $4M YoY; net margin 23.2% (up from 11.9%).
- Adjusted EBITDA $11.9M vs $11.2M; EBITDA margin 39.9% (up from 33.3%).
- Trailing 12-month EBITDA >$50M; net debt <$100M; leverage under 2x.
- Reaches >100M monthly users across sports, lifestyle, finance brands.

## SEC filing metadata
- accession: 0001493152-25-024265
- form_type: 8-K
- ticker: AREN
- cik: 0000894871
- company_name: Arena Group Holdings, Inc.
- filed_at: 2025-11-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894871/000149315225024265/0001493152-25-024265-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894871/000149315225024265/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-024265
- JSON: https://secwatch.observer/filing/0001493152-25-024265.json
- Plain text: https://secwatch.observer/filing/0001493152-25-024265.txt

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