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The Arena Group Holdings, Inc. (NYSE American: AREN) is an innovative, tech-powered media company distinguished by its integration of technology, iconic brands, and marketing prowess to deliver engaging content to millions of users each month. The company’s robust digital destinations aim to captivate and inform users, providing powerful journalism, news on favorite sports teams, investment advice, personal finance insights, and lifestyle updates.
The Arena Group operates primarily within a single reportable segment focused on a state-of-the-art publishing platform. A significant portion of its revenue is generated from digital channels, with additional income from print. The company’s portfolio includes well-known brands such as TheStreet, The Spun, Parade, and Men's Journal, and it supports over 320 independent publisher partners.
Recent achievements highlight the company's forward-thinking approach. In a notable collaboration, The Arena Group partnered with EX.CO, a leading publisher video platform. This partnership resulted in a 115% increase in gross RPMs and a 27% boost in user dwell time across sites like Men's Journal and Parade within six months. These results underscore The Arena Group's commitment to enhancing audience engagement through video content and AI-driven contextual recommendations.
The collaboration with EX.CO is part of a broader strategy to implement cutting-edge solutions that drive business growth and elevate user experiences. By leveraging EX.CO’s machine-learning-based yield engine and contextual video recommendations, The Arena Group optimizes both revenue and content relevancy, ensuring that videos are well-matched to the articles being viewed.
Jason White, the chief product and technology officer at The Arena Group, emphasized the company's dedication to innovation, stating, “Our multi-layered partnership with EX.CO has allowed us to deliver more contextually relevant video content and cultivate stronger relationships with our audiences overall, and we're thrilled with the results.”
The Arena Group continues to be a leader in the publishing industry, recognized for its ability to harness technology and premium journalism to create impactful media experiences. With a reach of over 100 million users monthly, the company is well-positioned to continue its trajectory of growth and influence in the digital media landscape.
The December issue of Sports Illustrated features a comprehensive World Cup Preview, spotlighting the U.S. Men's National Team and France's Kylian Mbappé. With a youthful U.S. roster, hopes are high for a strong performance in Qatar, marking eight years since their last World Cup. The issue also includes timelines and expert predictions for the tournament, while highlighting essential stories from the NFL and NBA. Key features delve into the history and future of soccer in the U.S. and the dynamics of crucial sports moments like penalty kicks.
The Arena Group Holdings, Inc. (NYSE American: AREN) reported record revenue of $66.7 million for Q3 2022, marking a 12% increase year-over-year. Total revenue for the first nine months rose 41% to $180.0 million. Digital advertising revenue surged 56% in Q3, contributing to a gross profit of $26.2 million. Operating expenses decreased by $11.1 million to $38.6 million. Despite a net loss of $16.5 million, improvements in core areas and acquisitions are driving growth. The company aims for positive adjusted EBITDA in Q4.
The Arena Group (NYSE American: AREN) will announce its third quarter 2022 financial results on November 9, 2022, after market close. A conference call led by CEO Ross Levinsohn and CFO Doug Smith will occur at 4:30 p.m. ET on the same day, providing insights into the quarterly results and corporate updates. Investors can join the call at 877-545-0320 (toll-free) or via a live webcast on the Company's website. A replay will be available for 90 days post-call.
The Arena Group (NYSE American: AREN) has announced the appointment of Stephanie Mazzamaro as VP of Data Strategy and Operations, Advertising, Partnerships, and Revenue. Mazzamaro, previously at Trusted Media Brands, brings extensive experience in data management and advertising. This strategic hire aims to enhance the company's data infrastructure to optimize audience reach for advertising partners. The Arena Group recently reported impressive second-quarter results with an 87% revenue growth, spurred by advertising and third-party revenue generation.
The latest NBA Preview Issue from Sports Illustrated features an in-depth look at Zion Williamson's return after missing the previous season due to injury. Highlighting his recovery efforts, the issue also discusses Boston Celtics' core players Jayson Tatum, Marcus Smart, and Jaylen Brown, as they aim to rebound from last season's NBA Finals loss. Available on newsstands and SI.com, the issue includes various features, scouting reports, and top 25 rankings for both men's and women's college basketball, offering fans comprehensive insights into the upcoming season.
The Arena Group (AMEX: AREN) has acquired golf publisher Morning Read from Buffalo Groupe, LLC, enhancing its sports vertical with comprehensive golf coverage. This strategic move aims to leverage Morning Read's editorial team and established audience while expanding the reach of Sports Illustrated's golf content. The Arena Group reported a 174% year-over-year increase in average monthly page views for the Sports Illustrated Media Group, reaching 1.5 billion visitors last quarter. This acquisition is expected to boost audience engagement and revenue through enriched storytelling and multimedia experiences.
The Arena Group, a tech-powered media company, is transitioning its investments from print to digital, particularly focusing on its Parade brand. Following a remarkable 189% increase in unique visitors, the company plans to cease print operations by November 2022 to enhance digital efforts, including adding 22 million users in just five months. The restructuring will also involve staff reductions in print, while its flagship publication, Sports Illustrated, continues to thrive with over 1 million subscribers.
The Arena Group announces the release of the Sports Illustrated NFL and College Football Preview Issue. Highlighting key players like Joe Burrow and Stetson Bennett, the issue forecasts the upcoming season with insights on potential Super Bowl contenders and crucial matchups. It features 12 teams that could win the Super Bowl and predictions on top draft prospects. The issue will be available on newsstands and online at SI.com/issues starting tomorrow.
The Arena Group Holdings, Inc. (NYSE American: AREN) reported significant financial growth in Q2 2022, with total revenue increasing by 87% to $65.1 million. Digital advertising revenue surged 114% due to a 82% boost in traffic. Despite a slight increase in net loss to $22.2 million, net cash from operating activities improved by $14.3 million to $5.8 million. The company added 37 new publishing partners and achieved 1.5 billion pageviews, reflecting strong audience growth across its brands. Adjusted EBITDA improved 32% to - $4.9 million.
The Football Writers Association of America has awarded Richard Johnson, a Sports Illustrated journalist, the annual Edward Aschoff Rising Star Award. This honor recognizes promising journalists under 34, named after a late ESPN reporter. Johnson, who joined Sports Illustrated in 2021, is noted for his expertise in college sports and impactful reporting. He emphasized the significance of the award in continuing Aschoff's legacy. Additionally, Sports Illustrated journalists Stephanie Apstein and Alex Prewitt received accolades from The Associated Press Sports Editors for their excellence in reporting.
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