Financial Performance - For the three months ended June 30, 2024, digital advertising revenue decreased by 10.0% compared to the same period in fiscal 2023, while for the six months ended June 30, 2024, it increased by 3.2% compared to the same period in 2023 [160]. - Total revenue for the three months ended June 30, 2024, decreased by $6,889, or 20.2%, to $27,183 compared to $34,072 for the same period in 2023, driven by declines in both print and digital revenue [186]. - Digital advertising revenue decreased by 10.0% to $20,718 for the three months ended June 30, 2024, down from $23,019 in the prior year [187]. - The company recorded a net loss from continuing operations of $6,938 for the three months ended June 30, 2024, an improvement of $4,589 compared to a loss of $11,527 in the same period of 2023 [181]. - The net loss from continuing operations improved to $19,658 for the six months ended June 30, 2024, compared to a loss of $26,051 in the prior year, reflecting an improvement of $6,393 [197]. - Total revenue for the six months ended June 30, 2024 was $56,124, a decrease of $6,366 or 10.2% from $62,490 in the same period of 2023 [199]. Revenue and Expenses - RPM for the three and six months ended June 30, 2024, was $22.90 and $21.22, respectively, reflecting increases of 9% and 21% compared to the same periods in 2023 [162]. - Gross profit for the three months ended June 30, 2024, was $10,718, down from $13,217 in the prior year, reflecting a decrease of $2,499 [183]. - Operating expenses for the three months ended June 30, 2024, totaled $13,296, a reduction of $6,274 compared to $19,570 in the same period of 2023 [181]. - The gross profit for the six months ended June 30, 2024 was $19,651, a decrease of $3,894 or 16.5% from $23,545 in the prior year [199]. - Selling and marketing expenses for the three months ended June 30, 2024 were $3,751, down $3,153 or 45.7% from $6,904 in the prior year [191]. - General and administrative expenses decreased to $8,632 for the three months ended June 30, 2024, a reduction of $2,969 or 25.6% from $11,601 in the same period last year [193]. Cash Flow and Working Capital - As of June 30, 2024, the company incurred a net loss from continuing operations of $19,658 and had cash on hand of $6,085 with a working capital deficit of $231,579 [166]. - For the six months ended June 30, 2024, the net cash used in operating activities was $5,161, a decrease from $16,400 in the same period of 2023, primarily due to reduced cash paid to employees and vendors [176]. - The company has $12,252 available for additional use under its working capital loan with Simplify, with an outstanding balance of $12,748 as of June 30, 2024 [169]. - As of June 30, 2024, the company reported a working capital deficit of $231,579, an increase from $145,622 as of December 31, 2023, with current assets of $35,352 and current liabilities of $266,931 [175]. Strategic Initiatives - The company plans to refinance or modify the terms of its current debt, complete a Business Combination, or explore alternative structures to address substantial doubt about its ability to continue as a going concern [168]. - The company operates more than 360 Publisher Partners across key verticals, leveraging its Platform to enhance audience engagement and monetization [151]. - The company is focused on adding new Publisher Partners in key verticals to expand the scale of unique users interacting on the Platform [152]. - The company has experienced significant growth in digital advertising revenue, which is critical for its overall business performance [160]. Accounting and Compliance - The company has appointed KPMG LLP as its independent registered public accounting firm, effective immediately [156]. - Management's financial analysis is based on GAAP-compliant condensed consolidated financial statements, with estimates that may differ from actual results [223]. - No material changes to critical accounting policies and estimates compared to the previous Annual Report for the year ended December 31, 2023 [224]. - Recent accounting pronouncements are discussed in the notes to the condensed consolidated financial statements [225]. - Market risk disclosures are not applicable to smaller reporting companies as defined by SEC regulations [226]. Impairments and Other Costs - The company recognized a loss on impairment of assets of $39,391 related to discontinued operations for the six months ended June 30, 2024 [172]. - Total liabilities from discontinued operations amounted to $97,516, offset by total assets of $1,014 as of June 30, 2024 [172]. - Stock-based compensation costs decreased significantly by $2,135 or 76.5% to $656 for the six months ended June 30, 2024 [204]. - Liquidated damages recorded were $152 for the six months ended June 30, 2024, a decrease of 50.0% from $304 in the same period of 2023 [212]. - Employee retention credit refers to payroll-related tax credits under the Cares Act [221]. - Employee restructuring payments include severance payments for restructuring arrangements for the periods ended June 30, 2024, and 2023 [222].

Core Insights - Safe and Green Development Corporation (SG Devco) has successfully closed a strategic purchase agreement for funding of up to $10 million from Arena Investors, LP, which is expected to accelerate SG Devco's growth and enhance its real estate development capabilities [1][2] - The initial funding amount is $1.38 million, with access to subsequent tranches potentially increasing the total to $10.27 million, subject to various conditions [2][6] - SG Devco has also entered into an equity line of credit purchase agreement with Arena Business Solutions, allowing the company to potentially raise up to $50 million [2][6] Company Overview - SG Devco is a real estate development company formed in 2021, focusing on innovative and sustainable projects using prefabricated modules made from wood and steel [3] - The company aims to develop strong, green, single or multifamily projects across various income and asset classes [3] - SG Devco's subsidiary, Majestic World Holdings LLC, has created a real estate AI platform to decentralize the real estate marketplace, integrating various stakeholders into an AI-driven environment [3] Arena Investors Overview - Arena Investors is an institutional asset manager with approximately $3.5 billion in assets under management, known for providing creative capital solutions [4] - The firm has a global presence with over 180 employees and specializes in complex financial transactions that traditional banks may not address [4]

Core Viewpoint - Snap Inc. is launching Snap Sports Network, a virtual arena for Snapchat users to engage in competitive games, targeting its large audience of sports viewers [1][2]. Group 1: Snap Sports Network Launch - Snap Sports Network will feature games like hobby horsing and professional pillow fighting, introduced by popular creators [1]. - The network will consist of six episodes airing from July 19 to August 9, with special AR Lenses available for users [1]. Group 2: User Engagement and DAU Growth - Snapchat's DAU reached 422 million at the end of Q1 2024, reflecting a 10.2% year-over-year increase, with an addition of 39 million DAU [3]. - The Zacks Consensus Estimate projects global DAU for 2024 at 443.31 million, indicating a year-over-year growth of 7.04% [3]. - New features aimed at personalization include customizable Snap Map houses and quick snap options with varying durations [3]. Group 3: Safety Features and Competition - Snapchat has introduced new safety features, including in-app warnings and enhanced friending protections, to safeguard users from online harms [4]. - The company faces significant competition from Meta Platforms, Alphabet's YouTube, and Apple, which may impact its market position [4]. Group 4: Stock Performance and Financial Outlook - SNAP shares have decreased by 13.9% year-to-date, underperforming compared to the Zacks Computer and Technology sector's growth of 21.5% [5]. - The Zacks Consensus Estimate for SNAP's Q2 2024 earnings per share is 2 cents, with the 2024 earnings estimate at 24 cents per share, reflecting a slight increase [7]. Group 5: Advertising Revenue Strategy - Snap's transition to automated programmatic auctions for Snap Ads is expected to enhance advertising revenues and drive ad impressions [6].

Core Insights - Tech giants Qualcomm and Microsoft are launching a marketing campaign for "AI PCs," which feature advanced AI capabilities embedded in their hardware [1] - AI PCs include an additional processor to enhance AI functionalities, aiming for broader adoption through a variety of models and optimized software [2] - Industry skepticism exists regarding the immediate utility of AI PCs due to limited software support from major developers [3] Group 1: Market Dynamics - Qualcomm aims to challenge Intel's market dominance with AI PCs, while PC manufacturers like Dell and HP hope to rekindle consumer interest in personal computers [4] - The introduction of AI capabilities could lead to a new wave of higher-priced PC purchases, as many consumers have not upgraded their devices since the pandemic [5] - Enhanced battery life is a significant selling point for AI PCs, although compatibility issues with existing software may hinder enterprise adoption [6] Group 2: Marketing Strategies - Qualcomm is increasing its marketing investments, including a $75 million annual sponsorship of Manchester United, to boost its visibility in the PC market [7] - The entry of Qualcomm and Microsoft into the AI PC market presents challenges for established players like Intel and AMD, who are also expected to release their own AI PCs [8] - Widespread adoption of AI PCs is anticipated to be gradual, with increasing competition complicating the market landscape [9] Group 3: Future Outlook - The push for AI PCs signifies a notable shift in the personal computer market, with the potential for enhanced functionality and extended battery life making them appealing to future buyers [10]

TORONTO, June 27, 2024 (GLOBE NEWSWIRE) -- Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”), a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced its SmartGateway has been selected to protect all entrances at Amerant Bank Arena, Baptist Health IcePlex, and FTL War Memorial by the Florida Panthers of the National Hockey League (NHL). SmartGateways will be deployed over the ...

Beckstone Live Debuts UAE's First-Ever 'Mandopop' Concert with Superstar Jeff Chang at Dubai's Coca-Cola ArenaJune 12, 2024 10:52 PM EDT | Source: StonesPRDubai, United Arab Emirates--(Newsfile Corp. - June 12, 2024) - Beckstone Live, the famous Asian-Pacific promoter presented 'Prince of Love Songs' JEFF CHANG's sell-out CONTINUUM ∞ world tour to Dubai's Coca-Cola Arena on Sunday. It became the first promotor to bring Chinese-language superstar to perform in the UAE and the MENA region.Image ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 1-12471 THE ARENA GROUP HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 68-0232575 (State or ...

NEW YORK, May 9, 2024 /PRNewswire/ -- EX.CO, the publisher video platform powering successful video strategies for the world's leading media groups, today announced results from a recent case study of its partnership with media giant The Arena Group (NYSE American: AREN). The collaboration has driven 115% higher gross RPMs for video on average and a 27% increase in user dwell time across their network of sites, which include Men's Journal and Parade, within a six-month time period. The Arena Group, which pu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value AREN NYSE American FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number ...

NEW YORK--(BUSINESS WIRE)--Today, The Arena Group (NYSE American: AREN) announced that its largest shareholder, Simplify Inventions, LLC, is increasing its investment in the company by providing an additional $12 million in equity at an 85% premium over yesterday’s closing stock price. This is intended to help sustain the company during its transformation. https://arenagroup.gcs-web.com/node/11216/html “This infusion of cash is needed to help The Arena Group transition to a profitable, multi-media busine ...