エドガーで原本を確認する
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: (Date of Earliest Event Reported): November 19, 2025
THE ARENA GROUP HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
| DELAWARE | 001-12471 | 68-0232575 | ||
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
|
200 VESEY STREET, 24TH FLOOR NEW YORK, NEW YORK |
10281 | |
| (Address of principal executive offices) | (Zip code) |
212-321-5002
(Registrant’s telephone number including area code)
(Former name or former address if changed since last report)
Securities registered pursuant in Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Common Stock, par value $0.01 per share | AREN | NYSE American |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On November 19, 2025, The Arena Group Holdings, Inc. (the “Company”) posted on its LinkedIn page a video presentation by Stock Sharks discussing the Company. A copy of the transcript of the presentation is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein in its entirety.
The information furnished with this Item 2.02 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| 99.1 | Transcript of video presentation by Stock Sharks. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE ARENA GROUP HOLDINGS, INC. | ||
| Dated: November 19, 2025 | ||
| By: | /s/ Paul Edmonson | |
| Name: | Paul Edmonson | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
Video Transcript:
Anyone who works in the publishing industry knows that it is undergoing a lengthy transformation. One that has seen media print-based media companies disappear by the thousands over the last decade, as digital media has gained control.
All right, so check this out. One company out there has successfully navigated this transformation and seen its stock soar over 650% in a year.
Enter The Arena Group Holdings on the New York Stock Exchange, Ticker AREN. Arena group is quietly executing a turnaround few saw coming. The company, which owns a diverse slate of media brands such as Parade, TheStreet, Men’s Journal, Athlon Sports surfer and powder, now reaches more than 100 million monthly users across the sports, lifestyle, and finance categories, a scale that rivals some of the biggest names in online publishing.
But Arena’s resurgence isn’t simply a content story. The company has been reinventing itself from the inside out. After adopting its current identity in 2021, Arena shifted away from licensing and towards full ownership, brand acquisition and ecosystem monetization.
It rebuilt its textback, centralized its Ad-ops infrastructure, and integrated its network under one consolidated platform. The result, a far leaner, far more scalable digital operation and the numbers back it up.
Arena’s Q3 2025 results were released last week, and while revenue came in at $29.8 million, down from $33.6 million a year earlier, last year actually included a one time $3 million licensing agreement.
So the real story here is the profitability. Net income jumped to $6.9 million from $4 million. Adjusted EBITDA rose to $11.9 million from $11.2 million. Net margin improved to 23.2% up from 11.9%. EBITDA Margin expanded to 39.9%, up from 33.3%. With Trailing Twelve Month EBITDA now above $50 million, net debt below $100 million and leverage under 2X, Arena enters 2026 with one of the strongest balance sheets in the small cap media category. It’s also steadily shifting its revenue into higher margin digital channels, a structural advantage that many legacy publishers simply cannot replicate. So, the takeaway for investors, Arena isn’t merely outlasting the decline of traditional media, it’s building a scalable, profitable media tech model designed for the next decade of digital consumption.
In short, The Arena Group isn’t just a recovery story, it’s emerging as a blueprint for how modern media companies can evolve. With accelerating profitability, a loyal audience base, and real operational momentum, Arena Group is positioning itself as one of the 2026’s most compelling, under-the-radar growth names.