The Arena Group Generates $4.0 Million in Net Income for Third Quarter of 2024; First Ever Profitable Quarter [Yahoo! Finance]
The Arena Group Holdings, Inc. (AREN)
Company Research
Source: Yahoo! Finance
NEW YORK, November 14, 2024 BUSINESS WIRE )--The Arena Group Holdings, Inc. (NYSE American: AREN) ("Arena"), a technology platform and media company home to hundreds of media brands, including TheStreet, Parade Media ("Parade"), Men's Journal, Surfer, Powder and Athlon Sports , today announced financial results for the three and nine months ending September 30, 2024 ("Q3 2024"). The Company's business transformation plan enabled a positive swing of more than $13.6 million in quarterly income from continuing operations in the third quarter of 2024 compared to the net loss from continuing operations in the third quarter of 2023 ("Q3 2023"). This resulted in quarterly net income of $4.0 million and the first quarter of positive net income in the Company's history. Financial Highlights for Q3 2024: Q3 2024 revenue from continuing operations was $33.6 million, compared to $37.0 million from continuing operations in Q3 2023. Net income was $4.0 million, or $0.11 in diluted earnings p
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AREN
News
- Melissa McCarthy & Ben Falcone Sparkle on Cover of ParadeBusiness Wire
- The Arena Group reports third-quarter earnings [Yahoo! Finance]Yahoo! Finance
- The Arena Group Generates $4.0 Million in Net Income for Third Quarter of 2024; First Ever Profitable QuarterBusiness Wire
- Cole Hauser Talks Yellowstone and More in Parade Cover StoryBusiness Wire
- Athlon Sports Publishes Commemorative Caitlin Clark WNBA Rookie of the Year MagazineBusiness Wire
AREN
Sec Filings
- 11/18/24 - Form DEF
- 11/14/24 - Form 8-K
- 11/14/24 - Form 10-Q
- AREN's page on the SEC website