Arena Group Holdings, Inc. (AREN)

AREN's stock has experienced significant fluctuations. As of October 6, 2025, the stock price was $5.13 per share, a substantial increase from $0.85 per share on October 7, 2024. As of October 25, 2025, the stock was trading at $4.64, and it experienced a 4.72% decrease over the past six months. Key events include settling a lawsuit with Authentic Brands, regaining compliance with NYSE American listing standards, inclusion in the Russell 2000 Index, authorizing a share repurchase program, reporting positive Q2 2025 earnings, acquiring the intellectual property of ShopHQ, and launching a marketplace on Index Marketplaces.

The demand for The Arena Group's products and services is somewhat seasonal. The first quarter of the year is typically the slowest period, while the fourth quarter is generally the busiest.

The Arena Group Holdings, Inc. is a tech-powered media company focused on maximizing audience reach, engagement, and monetization of digital publishing assets. Its business model provides publishing tools, video platforms, and machine learning content recommendations. The company's brand portfolio includes TheStreet, Parade, Men's Journal, and Athlon Sports. The company recently acquired the intellectual property of ShopHQ.

The Arena Group operates an online platform comprising its owned media sites and approximately 150 independent sites. The company connects with over 100 million people each month. The launch of a dedicated marketplace on Index Marketplaces expands access to its advertising inventory.

The Arena Group has undergone a turnaround, transitioning from near-bankruptcy to profitability. This is attributed to a change in its business model and the termination of the Sports Illustrated contract. The company has reported four consecutive profitable quarters and two consecutive quarters of cash generation. Positive events include strong financial performance in Q2 2025, the return of Men's Journal to print, and significant stock price increases. However, there was some negative sentiment in October 2025, with the stock experiencing a significant price decline.

The ownership structure is a mix of institutional, retail, and individual investors. Institutional ownership percentages vary. Major institutional shareholders include Vanguard Group Inc and BlackRock, Inc. Manoj Bhargava holds a significant stake through Simplify Inventions, LLC. Other substantial insider owners include B Riley Financial Inc and Eric Semler. Retail investor ownership also varies significantly.