The Arena Group reports second-quarter earnings | Global Market News
Editor’s observe: TheStreet’s dad or mum company is The Arena Group, an modern media and technology company that’s home to many of essentially the most iconic and passionate media manufacturers, together with TheStreet, Parade, Men’s Journal, and Athlon Sports. In the curiosity of our loyal viewers right here at TheStreet, we wished to share our dad or mum company’s latest financial outcomes so you may have transparency in our media business. Read excerpts from at present’s press release under.The Arena Group (AREN) , TheStreet’s dad or mum company, posted document second-quarter revenue as income surged 67%. In addition to TheStreet, the technology platform and media company is home to such media manufacturers as Parade, Men’s Journal, Athlon Sports, Surfer, Powder, Bike, and Snowboarder.💵💰Don’t miss the transfer: Subscribe to TheStreet’s free day by day publication 💰💵“We believe our stock represents a tremendous value,” Paul Edmondson, chief govt of The Arena Group, stated in a assertion. The company on July 31 stated it might buy back as many as 3 million shares over the next yr.“Our shares currently trade at a price-to-earnings multiple of approximately 10 times, significantly below our peers in the Russell 2000 Index, which on average trade at trailing price-to-earnings ratios in excess of 30 times, per Siblis Research.”
Arena Group’s stock is up almost 400% in 2025 and has surged 758% from a yr in the past.Second-quarter web income was $108.6 million, or $2.29 a share, in contrast with a loss of $8.2 million, or 28 cents a share, within the year-earlier quarter. Revenue totaled $45 million, up from $27.2 million a yr earlier. The web income quantity contains a one-time gain from discontinued operations of $96 million.Income from persevering with operations was $12.4 million, or 26 cents a share, swinging from a loss of $6.9 million, or 24 cents a share, within the year-earlier quarter. Revenue from persevering with operations within the latest period was $45 million.
TheStreet
Arena not too long ago launched the TravelHost model to broaden its portfolio and proceed to diversify its content material verticals. The company has a objective so as to add one new model per quarter.“We continued to scale our competitive publishing model effectively, aligning talented journalists with our business success, and this is driving accelerated, profitable growth,” Edmondson stated. “This model was rolled out to Men’s Journal, The Street, and Parade, following the initial success with our Athlon Sports model, and the result’s vital growth in income and earnings.””We imagine that the acquisition of TravelHost creates further alternatives for us to leverage established manufacturers and make use of this modern business model,” he added.Audience traffic at Athlon Sports continues to grow, the company said, with total pageviews up 38% from the year ago quarter.In addition, TheStreet doubled its pageviews from Q2 2024, averaging 89 million pageviews per monthMen’s Journal saw traffic increase 479% from a year earlier, delivering more than 165 million pageviews in Q2.The lifestyle brand Parade was up 70% from a year ago, averaging more than 131 million monthly pageviews. Non-advertising revenue, which includes performance marketing and syndication efforts, more than doubled over the previous year.On July 21, Lake Street analyst Ryan Meyers initiated coverage of The Arena Group with a buy rating and $10 price target, according to The Fly.Arguing that the company has reached “a clear inflection level” as its variable-cost publishing model drives each higher-quality content material and constant viewers growth, Meyers stated buyers had been underestimating the magnitude and sustainability of Arena Group’s business-model transition.Related: The stock market is being led by a new group of winners
Stay up to date with the latest news within the international markets! Our web site is your go-to source for cutting-edge financial news, market trends, financial insights, and updates on worldwide trade. We present day by day updates to make sure you have entry to the freshest data on stock market actions, commodity costs, currency fluctuations, and main financial bulletins.
Explore how these trends are shaping the longer term of the worldwide financial system! Visit us commonly for essentially the most partaking and informative market content material by clicking right here. Our rigorously curated articles will keep you knowledgeable on market shifts, investment methods, geopolitical impacts, and pivotal moments in international finance.
