The Arena Group Holdings Inc. ( (AREN) ) has released its Q4 earnings. Here is a breakdown of the information The Arena Group Holdings Inc. presented to its investors.
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The Arena Group Holdings, Inc. is a technology platform and media company that operates a diverse portfolio of media brands, including TheStreet, Parade Media, Men’s Journal, and Athlon Sports, reaching over 100 million users monthly.
In its latest earnings report, The Arena Group announced a second consecutive profitable quarter, generating $7.2 million in income from continuing operations for the fourth quarter of 2024. The company highlighted the momentum of Athlon Sports as a blueprint for scalable, profitable growth across its media brands.
Key financial metrics for Q4 2024 include a quarterly revenue of $36.2 million, an 8% increase from the previous quarter, and an adjusted EBITDA of $13.0 million. For the fiscal year 2024, the company reported a reduced loss from continuing operations of $7.7 million compared to $37.2 million in 2023, with adjusted EBITDA nearly doubling to $27.0 million. Operational highlights include significant audience growth for Athlon Sports and steady digital traffic for Parade and TheStreet.
Looking ahead, The Arena Group’s management remains optimistic about maintaining profitability throughout 2025, driven by its innovative ‘competitive publishing’ model and continued expansion of its media brands.
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