Arena Group Q4 revenue $36.2M (+8% seq), income from cont ops $7.2M; FY adjusted EBITDA $27M

Arena Group Holdings, Inc.

2025-Q1 EPS reported $0.08 revenue$31,815,000

Q4 2024 revenue from continuing ops $36.2M, up 8% sequentially from Q3.
Income from continuing ops $7.2M ($0.15 diluted EPS) vs $4.8M in Q3; second consecutive profitable quarter.
Adjusted EBITDA for Q4 $13.0M vs $11.1M in Q3; FY 2024 adjusted EBITDA $27.0M vs $13.2M in FY 2023.
Athlon Sports page views 284M in Q4 (+20% QoQ, +325% YoY); competitive publishing model rolling out to Men's Journal, Parade, The Street.
Management expects profitability in every quarter of 2025.

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