Highest-materiality recent filing
Arena Group Q1 revenue $20.4M, net loss $2.7M; CPMs beat market by 72%
Revenue of $20.4M, down 36% from $31.8M in Q1 2025; gross margin fell to 34.8% from 49.4%.
Arena Group FY2025 revenue $134.8M, income from continuing ops $28.6M
Full-year 2025 revenue rose to $134.8M from $125.9M in 2024, driven by non-advertising growth.
Arena Group achieves first full year of positive net income in FY 2025
FY 2025 revenue $134.8M (up from $125.9M); net income $124.9M vs loss $100.7M in 2024.
Arena Group extends two debt maturities to Dec 2027, pays down $13M on Renew loan
Extended Renew Group term loan maturity to Dec 31, 2027; paid $13M principal reducing outstanding to $97.7M.
Arena Group Q3 2025: Net income $6.9M, EBITDA $11.9M, margins expand
Q3 revenue $29.8M (down from $33.6M); prior year included $3M one-time licensing.
Arena Group Q3 net income rises 73% to $6.9M; revenue down to $29.8M
Q3 revenue $29.8M vs $33.6M (prior year included $3M one-time licensing gain).
Arena Group acquires Lindy's Sports digital assets and ShopHQ IP
Acquired digital assets of Lindy's Sports (founded 1982); site relaunch planned by end of October 2025.
Arena Group reports Q2 record revenue +67% YoY, record profit; trailing EPS $0.60
Q2 revenue record, 67% increase over Q2 last year; record profit posted.
Arena Group Q2 revenue up 67% to $45M; EPS $0.26 vs loss; buyback authorized
Revenue $45.0M (+67% YoY); income from continuing ops $12.4M ($0.26 diluted EPS) vs loss of $6.9M (-$0.24) in Q2 2024.
Arena Group dismisses KPMG as auditor; appoints BDO; cites going concern and material weaknesses
Audit Committee dismissed KPMG effective July 11, 2025; BDO USA appointed as successor same day.
Arena Group regains NYSE American continued listing compliance as of June 4, 2025
Received notice June 3, 2025; BC indicator removed and stock no longer listed as noncompliant.
Arena Group posts Q1 net income of $4.0M; guides Q2 revenue $40-45M
Q1 revenue $31.8M (+10% YoY); net income $4.0M ($0.08/diluted share) vs loss of $103M in Q1 2024.
Confidential settlement with Authentic Brands Group, Sportority, and Manoj Bhargava; financial terms not material.
Arena Group Q4 revenue $36.2M (+8% seq), income from cont ops $7.2M; FY adjusted EBITDA $27M
Q4 2024 revenue from continuing ops $36.2M, up 8% sequentially from Q3.
Paul Edmondson promoted from interim to full CEO of Arena Group, granted 400,000 options
Paul Edmondson appointed full CEO effective March 3, 2025; previously interim since Feb 12.
Arena Group terminates CEO Sara Silverstein; appoints Paul Edmondson as interim CEO
CEO Sara Silverstein terminated without cause effective Feb 12, 2025; entitled to accelerated equity vesting and up to 18 months COBRA.
Arena Group posts first-ever profitable quarter with $4M net income in Q3 2024
Net income of $4.0M ($0.11 diluted EPS) vs net loss of $11.2M ($0.47 loss per share) in Q3 2023.
Arena Group receives NYSE American delisting notice for stockholders' deficit of $157.2M
NYSE American notified Arena Group of non-compliance with minimum stockholders' equity requirements.
Simplify loan line increased from $25M to $50M; maturity extended to December 1, 2026.
Bridge Media shutters operations, jeopardizing Arena Group's proposed merger; new CFO named
Effective Aug 6, 2024, Geoffrey Wait appointed Principal Financial Officer; annual salary $200,000.
Arena defers interest, extends merger deadline, appoints KPMG as auditor
Interest due Q4 2023–Q3 2024 deferred to Dec 31, 2024, contingent on no event of default.
Arena Group CFO Douglas Smith to depart by August 7, 2024; board searching for replacement
Douglas Smith given separation notice effective May 9, 2024; will remain CFO until Aug 7, 2024.
Sara Silverstein appointed CEO of The Arena Group; SURFER magazine to return with print edition
Sara Silverstein named CEO effective April 19, 2024; annual base salary $400,000, eligible for bonus and benefits.
Initial borrowing of $7.7M under $25M Simplify Loan; $3.4M used to repay and terminate existing SLR Digital Finance LLC FSA.
Arena Group issues 54.5% stake to Simplify for $12M; new CEO; Authentic seeks $45M termination fee
Simplify Inventions purchased 5,555,555 shares at $2.16/share for $12M, acquiring 54.5% ownership and control.
Arena Group loses Sports Illustrated license; ABG terminates pact; $45M fee; cuts 33% staff
ABG-SI LLC terminated Licensing Agreement on Jan 18, 2024 after Arena missed ~$3.75M quarterly payment.
Arena Group defaults on $2.8M interest, misses $3.75M ABG payment; CEO resigns
Missed Dec 29, 2023 interest payment of ~$2.797M on RGPL Notes ($110.7M principal); forbearance obtained through March 29, 2024.
Arena Group appoints Manoj Bhargava as Interim CEO
Manoj Bhargava, founder of Innovation Ventures, appointed Interim CEO effective December 11, 2023.
Arena Group fires CEO Ross Levinsohn and two senior presidents
Terminated President Media H. Robertson Barrett and President Operations Andrew Kraft on Dec 5, 2023.
Renew Group purchased $110.7M aggregate principal of Arena's notes from BRF Finance; assumes agent role.
Q3 2023 revenue $63.4M vs $57.3M YoY; digital revenue up 21% to $45.8M; net loss narrowed to $11.2M from $16.5M.
Arena Group to combine with Simplify and Bridge Media in reverse merger; $50M equity financing
Simplify to own 58.02% of New Arena Common Stock; former Arena stockholders exchange shares 1-for-1.
Arena Group issues updated investor deck regarding proposed transaction with Simplify Inventions
Binding letter of intent signed with Simplify Inventions, LLC; definitive documentation not yet completed.
Simplify to invest $50M cash and contribute Bridge Media Networks; will receive ~65% ownership and $25M preferred with 10% PIK.
Arena Group Q1 revenue up 7% to $51.4M, net loss widens to $19.4M, cash burn improves
Revenue $51.4M (up 7% YoY), digital ad revenue $23.5M (+9% YoY).
Arena Group raises ~$11.3M in registered direct offering of 2.96M shares at $3.88/share
Sold 2,963,918 shares at $3.88 per share in a registered direct offering.
On April 28, 2025, each of Christopher Fowler, Laura Lee, Christopher Petzel, and Carlo Zola notified The Arena Group Holdings, Inc. (the "Company") that they would resign from the Company's board of directors (the "Board") and all committees thereof, effective as of April 28, 2025.
On April 28, 2025, each of Christopher Fowler, Laura Lee, Christopher Petzel, and Carlo Zola notified The Arena Group Holdings, Inc. (the "Company") that they would resign from the Company's board of directors (the "Board") and all committees thereof, effective as of April 28, 2025.
On April 28, 2025, each of Christopher Fowler, Laura Lee, Christopher Petzel, and Carlo Zola notified The Arena Group Holdings, Inc. (the "Company") that they would resign from the Company's board of directors (the "Board") and all committees thereof, effective as of April 28, 2025.
In addition, on April 28, 2025, Lynn Petersmarck was appointed to the Board.
On April 28, 2025, each of Christopher Fowler, Laura Lee, Christopher Petzel, and Carlo Zola notified The Arena Group Holdings, Inc. (the "Company") that they would resign from the Company's board of directors (the "Board") and all committees thereof, effective as of April 28, 2025.
On March 3, 2025, the Board approved Mr. Edmondson as full Chief Executive Officer of the Company.
the Board appointed Paul Edmondson as interim Chief Executive Officer.
terminated the employment of Sara Silverstein, the Company’s Chief Executive Officer, without cause, effective the same day.
Effective August 6, 2024, Geoffrey Wait, age 37, was appointed as the Principal Financial Officer of The Arena Group Holdings, Inc. (the “Company”).
Effective May 9, 2024, Douglas Smith was given notice of his separation from The Arena Group Holdings, Inc (the “Company”).
effective April 26, 2024, since the need for services has completed and come to its conclusion, the Company and Jason Frankl have mutually agreed to end the interim management engagement with FTI Consulting Inc.
Effective April 19, 2024, Cavitt Randall resigned as the Chief Executive Officer of the Company in connection with the appointment of Ms. Silverstein.
Max materiality 0.95 · Median 0.65 · Most common event other_material