On March 16, 2026, The Arena Group Holdings, Inc. (NYSE American: AREN) announced its financial results for the fourth quarter and the full year ended December 31, 2025. The company reported a fourth-quarter revenue of $28.2 million, down from $36.2 million in the same quarter of 2024. Despite this decline, the gross margin remained strong at 43.6%, demonstrating the resilience of Arena's variable cost structure. The net income for Q4 2025 was $5.3 million, or 18.8% of revenue, compared to $6.9 million, or 19.1%, in Q4 2024. This reflects the company's commitment to operational discipline and cost management. Adjusted EBITDA for Q4 2025 was $10.1 million, slightly down from $13.0 million in Q4 2024, with a margin of 35.8%. For the full year 2025, revenue increased to $134.8 million from $125.9 million in 2024, driven by growth in non-advertising revenue streams. The company achieved a significant reduction in its outstanding debt, lowering it by 12% during Q4 2025 through a $13.0 million principal repayment. This strategic move underscores Arena's commitment to a leaner capital structure. The full-year net income reached $124.9 million, including income from discontinued operations, compared to a net loss of $100.7 million in 2024. The company also reported an adjusted EBITDA of $51.5 million for 2025, signaling a fundamental shift in profitability. CEO Paul Edmondson stated, 'In 2025, we have transformed The Arena Group into a leaner, more resilient organization by innovating and scaling our Entrepreneurial Publishing model, aggressively paying down debt and maintaining strict cost controls.' The company expects to continue this positive trajectory into 2026, with a focus on revenue diversification and operational efficiency.

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