earnings
confidence high
sentiment positive
materiality 0.80
Arena Group achieves first full year of positive net income in FY 2025
Arena Group Holdings, Inc.
- FY 2025 revenue $134.8M (up from $125.9M); net income $124.9M vs loss $100.7M in 2024.
- Adjusted EBITDA improved to $51.5M (38.2% margin) from $27.0M (21.4%) in 2024.
- Retired $23.5M of debt, reducing leverage from 4.5x to 1.89x; cash balance grew to $10.3M.
- Q4 2025 revenue $28.2M (down 22% YoY), net income $5.3M, Adjusted EBITDA $10.1M (35.8% margin).
- Non-advertising revenue grew triple-digits; advertising fell to 64% of total revenue from 74%.