Overview

* Arena Group Q3 2025 revenue declined, missing analyst expectations

* Net income for Q3 2025 rose 73% yr/yr but missed analyst estimates

* Adjusted EBITDA for Q3 2025 increased by 6.3% over Q3 2024

Outlook

* Company emphasizes growth in data, AI, and e-commerce as future drivers

* Arena Group ( AREN ) highlights audience volatility as a challenge

* Company sees diversified model as resilient against market fluctuations

Result Drivers

* NON-ADVERTISING REVENUE - Arena's focus on revenue diversification led to nearly 200% growth in non-advertising revenue for brands like Athlon Sports and Men's Journal

* CONTENT SYNDICATION - TheStreet's audience reach grew significantly, with a 200% increase in revenue from content syndication efforts

* TRAFFIC AND REVENUE GROWTH - Parade's traffic increased by 25%, with non-advertising revenue more than doubling due to performance marketing and syndication

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $29.76 $38 mln

Revenue mln (1

Analyst)

Q3 EPS Miss $0.14 $0.16 (1

Analyst)

Q3 Net Miss $6.87 $7.80

Income mln mln (1

Analyst)

Q3 Gross $14.93

Profit mln

Q3 $6.56

Pretax mln

Profit

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for Arena Group Holdings Inc ( AREN ) is $12.00, about 65.1% above its November 12 closing price of $4.19

* The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)