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Stock impact report

The Arena Group posts profitable third quarter [Yahoo! Finance]

The Arena Group Holdings, Inc. (AREN) 
Company Research Source: Yahoo! Finance
most iconic and passionate media brands, including TheStreet, Parade, Men's Journal and Athlon Sports. In the interest of our loyal audience here at TheStreet, we wanted to share our parent company's latest financial results so you can have transparency in our media business. Read excerpts from today's press release below The Arena Group Holdings (AREN), parent company of TheStreet, Parade, Men's Journal and other publications, on Nov. 13 posted a profitable third quarter. The company reported net Income of $6.9 million, up 72% from a year earlier. Revenue totaled $29.8 million, compared with $33.6 million a year ago, while gross margin remained above 50%. Net margin improved to 23.2% and EBITDA margin to 39.9%, up from 11.9% and 33.3% a year earlier. The third quarter of 2024 included a one-time $3 million impact from a licensing agreement. “Despite persistent audience volatility across the industry, we delivered another highly profitable quarter,” Paul Edmondson, CEO of Th Show less Read more
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