AMZNprintsminutestrendsdividendsdrawdownsP/E 28.4macronarrativesvolatilitybuybackssentiment+0.8%marginsMSFTPMI 52.1momentumdividendsflowsPMI 52.1digeststhreadsvolatilityearnings callsvolumesβ 1.24breakoutsnewsflow2s10sliquidityheadlines−1.2%breakoutsnoiseGOOGLbuybacksrevisionstrendsPMI 52.1briefstickersnoiseGDPsentimentchattertranscriptsGOOGLsentimentvolatilitybuybacksMSFTwhispersMETAsessionsyield curves13FfuturesdowngradesPMI 52.1headlinesthe tapeflowsdowngradesfutures+0.8%earnings callstranscriptsclosesgammacatalystsrevisionsvolatilitysentimentchatter+2.41%earnings callssentimentfilingstrends10y 4.21%cyclesbuybackswiresspx 0dtewhisperstickersQ3trendsnewsflowearnings callsWTI 78.2sentimentnoisethreadsrumorsnarrativesFOMCconsensusestimatesmomentumYoY +18%tickersmomentumprintsβ 1.24revisions

momentumheadlines52w hipositioning2s10sfilingstrendsprintstrendsmacrocyclesnoise2s10smacroQ3narrativesheadlinesflowscyclesnarrativesspreadstranscriptsdowngradesupgradeswhisperswhispersminutesthe tapeNDXfuturesminutesyield curves52w hithe tapeFOMCcatalystsbriefsthe tapeNVDAguidancetrends52w hidrawdowns2s10swhispersmomentumdrawdownsbuybacks

PCEliquiditysentimentbreakoutsdowngradesP/E 28.4threadsAAPLSPXvolatilityNDXflowscyclesliquidityestimatesEPS 4.12

AREN · AMEX · Internet Content & Information

The Arena Group

Operates Parade, TheStreet, and a digital-media platform for owned and partner sites.

$1.13

After-hours close+0.01 (+0.89%)

At close$1.12(+19.15%)

Something off on this page? Send us feedback.

Profile

The Arena Group Holdings, Inc.ARENCommunication Services

Operates a portfolio of sports, finance, and lifestyle media brands, monetizing audiences mainly through digital advertising alongside publisher services, performance marketing, subscriptions, licensing, and commerce. Central technology supports owned sites and publisher partners, while the business relies heavily on United States traffic and search distribution.

Operates a digital-media and publishing-technology portfolio across Sports & Leisure, Finance, Lifestyle, and Platform & Other. Owned properties include Parade, TheStreet, Men’s Journal, Athlon Sports, ShopHQ, TravelHost, Surfer, and Powder. Central systems supply content management, search optimization, data analytics, advertising, subscriptions, distribution, and monetization to owned sites and publisher partners.

Earns most revenue through digital advertising, supplemented by publisher services, performance marketing, subscriptions, licensing, and commerce. A new technology layer includes InfoSentience’s data-to-narrative engine, Cutter Studios’ content-production tools, and Encore’s first-party data system.

Remains concentrated in the United States and dependent on audience traffic, search-engine distribution, contributors, publisher partners, and third-party cloud and software providers. Simplify controls stockholder votes, its affiliate Renew holds the term debt, and the advertising model uses identifiers subject to United States state privacy laws and the European Union GDPR.

Company facts

CEOPaul Edmondson

ListedFeb 9, 2022

ExchangeAMEX

HeadquartersNew York, NY

CountryUnited States

Employees164

CIK0000894871

ISINUS0400441095

Key statistics

Market cap$53.3M

EPS (ttm)$0.1863

P/E (ttm)6.01

ROE-124.1%

P/B−7.05

P/S0.5300

Dividend yield—

Beta0.96vs XLC 1.33

Year to date −71.6% · Average volume (30d) 658.6K

Analysts

Price target, next 12 months$2.00+78.6%Median of 2 analysts · vs the Aug 28 close

ConsensusBuy1 of 2 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $1.12

High$2.00+78.6%

Median$2.00+78.6%

Low$2.00+78.6%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior rating	Rating	Prior target	Target
Aug 11, 2026	Lake Street	Downgrade	Buy	Hold	$6	$2
May 12, 2026	Lake Street	Target				$6

Earnings

EPS

Estimate−$0.01

ReportedDue Nov 9, 2026

Revenue

Estimate$20.0M

ReportedDue Nov 9, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 10, 2026Q2 FY26	$0.12	$0.00	−103.1%	$30.0M	$22.2M	−26.1%	−27.27%
May 11, 2026Q1 FY26	$0.10	−$0.06	−160.0%	$25.0M	$20.4M	−18.4%	−29.28%
Mar 16, 2026Q4 FY25	$0.13	$0.11	−15.4%	$34.0M	$28.2M	−16.9%	−26.17%
Nov 13, 2025Q3 FY25	$0.13	$0.14	+7.7%	$34.0M	$29.8M	−12.5%	+8.00%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$31.8M	$45.0M	$29.8M	$28.2M	$20.4M	$22.2M
Gross profit	$15.7M	$25.4M	$14.9M	$12.3M	$6.2M	$8.7M
Operating income	$7.4M	$16.4M	$9.5M	$7.5M	−$304.0K	$2.3M
Net income	$4.0M	$108.6M	$6.9M	$5.3M	−$2.7M	−$176.0K
Diluted EPS	$0.08	$2.29	$0.14	$0.11	−$0.06	−$0.00
Gross margin	49.3%	56.5%	50.2%	43.6%	30.3%	39.1%
Operating margin	23.1%	36.5%	31.9%	26.6%	-1.5%	10.3%

Fiscal years (4-quarter sums)FY24 $125.9M · FY25 $134.8M

Revenue by product · Q2 FY26

Digital Revenue$22.0M · 54%

Digital Advertising$13.3M · 33%

Performance Marketing$2.9M · 7%

Product And Service, Other$1.4M · 4%

Digital Subscriptions$805.0K · 2%

Print Revenue$211.0K · 1%

Revenue by geography · Q2 FY26

United States$20.4M · 92%

Non-US$1.8M · 8%

Balance sheet, Jun 30, 2026Cash & short-term investments $11.2M · Total debt $2.3M · Total assets $106.1M · Shareholders' equity −$7.6M

Dividends

No dividends on record.

Ownership

Institutions 7.59%Insiders —

Shares outstanding 47.60M · Float 8.82M · 18.5% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
Vanguard Capital Management LLC	1.15M	2.42%	13F	May 15, 2026
BlackRock, Inc.	746.4K	1.57%	13F	May 13, 2026
State Street Corp	286.3K	0.60%	13F	May 15, 2026
Geode Capital Management, LLC	282.1K	0.59%	13F	May 15, 2026
LPL Financial LLC	261.5K	0.55%	13F	May 6, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.