---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-011114"
form_type: "8-K"
ticker: "AREN"
cik: "0000894871"
company_name: "Arena Group Holdings, Inc."
filed_at: "2025-05-16T23:59:59+00:00"
generated_at: "2026-05-21T04:08:58.902530+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Arena Group posts Q1 net income of $4.0M; guides Q2 revenue $40-45M

## Summary
- Q1 revenue $31.8M (+10% YoY); net income $4.0M ($0.08/diluted share) vs loss of $103M in Q1 2024.
- Adjusted EBITDA $9.7M, improves from negative $848K; income from continuing ops swings from -$12.7M to +$4.0M.
- Guidance Q2 2025: revenue $40-45M, income from continuing ops $9-11M.
- Acquired TravelHost for $1M; brand will be modernized to expand travel content.
- Traffic milestones: Athlon Sports up 500% YoY, TheStreet record 80M page views (+100% YoY).

## SEC filing metadata
- accession: 0001641172-25-011114
- form_type: 8-K
- ticker: AREN
- cik: 0000894871
- company_name: Arena Group Holdings, Inc.
- filed_at: 2025-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894871/000164117225011114/0001641172-25-011114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894871/000164117225011114/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-011114
- JSON: https://secwatch.observer/filing/0001641172-25-011114.json
- Plain text: https://secwatch.observer/filing/0001641172-25-011114.txt

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