- The Arena Group achieves second consecutive profitable quarter with $7.2 million income from continuing operations.
- Q4 2024 revenue rises to $36.2 million, an 8% increase from the previous quarter.
- Substantial improvement in annual losses, reduced from $37.2 million in 2023 to $7.7 million in 2024.
The Arena Group (AREN, Financial) has reported robust financial results for the fourth quarter of 2024, marking its second consecutive profitable period. The company generated $7.2 million in income from continuing operations, equating to $0.15 per diluted share, a notable increase from the $4.8 million reported in the third quarter of 2024.
The company's quarterly revenue increased to $36.2 million, marking an 8% rise from the third quarter of the same year. Adjusted EBITDA for Q4 2024 reached $13.0 million, showing improvement from Q3's $11.1 million. These figures highlight The Arena Group's successful strategies and robust growth trajectory.
For the full fiscal year 2024, The Arena Group reported a loss from continuing operations of $7.7 million, a significant improvement compared to the $37.2 million loss recorded in 2023. The full year 2024 adjusted EBITDA was $27.0 million, more than doubling the $13.2 million noted in the previous year.
Strong operational performance was observed across key brands within The Arena Group's portfolio. Athlon Sports experienced a dramatic increase in audience traffic, with page views in Q4 2024 reaching 284 million, a 325% year-over-year growth. Parade and Parade Pets reported over 53 million average monthly users, while TheStreet maintained 36 million monthly page views, reflecting consistent audience engagement.
The Arena Group continues to focus on leveraging its competitive publishing model to boost profitability and expects sustained financial improvements throughout 2025, with projections of profitability in every quarter of the upcoming year.
