secwatch.observer — SEC 8-K summary
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Issuer:     Arena Group Holdings, Inc. (AREN)
CIK:        0000894871
Form:       8-K
Filed at:   2025-11-19T23:59:59+00:00
Accession:  0001493152-25-024265
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894871/000149315225024265/0001493152-25-024265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894871/000149315225024265/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-024265

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