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Arena (AREN) - 2025 Q1 - Quarterly Results
ARENArena (AREN)2025-04-18 20:05

Financial Performance - Quarterly revenue from continuing operations was 36.2million,up836.2 million, up 8% sequentially compared to Q3 2024[4] - Income from continuing operations was 7.2 million, or 0.15perdilutedshareforQ42024,comparedto0.15 per diluted share for Q4 2024, compared to 4.8 million, or 0.13perdilutedshareinQ32024[4]−AdjustedEBITDAforQ42024was0.13 per diluted share in Q3 2024[4] - Adjusted EBITDA for Q4 2024 was 13.0 million compared to 11.1millionforQ32024[4]−Lossfromcontinuingoperationswas11.1 million for Q3 2024[4] - Loss from continuing operations was 7.7 million in FY 2024 compared to 37.2millioninFY2023[4]−AdjustedEBITDAforFY2024was37.2 million in FY 2023[4] - Adjusted EBITDA for FY 2024 was 27.0 million compared to 13.2millionforFY2023[4]−Thetotalnetincome(loss)fortheyearendedDecember31,2024,was13.2 million for FY 2023[4] - The total net income (loss) for the year ended December 31, 2024, was (5,555) thousand, compared to (100,710)thousandfortheyearendedDecember31,2023,indicatingasubstantialreductioninlosses[12]AudienceandTrafficGrowth−AthlonSports′audiencetrafficincreasedto284millionpageviewsinQ42024,up20(100,710) thousand for the year ended December 31, 2023, indicating a substantial reduction in losses[12] Audience and Traffic Growth - Athlon Sports' audience traffic increased to 284 million page views in Q4 2024, up 20% vs Q3 2024 and 325% vs Q4 2023[5] - Parade achieved over 53 million average monthly users and 74 million average monthly page views in Q4 2024, up 6% vs Q3 2024[5] - The Street delivered 36 million average monthly page views in Q4 2024, up 1% vs Q3 2024[5] Future Outlook - The company expects to be profitable in every quarter of 2025 following the launch of the 'competitive publishing' model[2] - The company anticipates future revenues and profitability improvements as part of its business strategy, although specific figures were not disclosed[14] - The company is focused on cost reductions and market growth as part of its future outlook[14] - The company plans to introduce new products and expand its market presence, although details on specific products were not provided[14] Operational Challenges - For Q1 2024, the net loss from continued operations was (12,720) thousand, compared to (14,524)thousandinQ12023,showinganimprovementof12.4(14,524) thousand in Q1 2023, showing an improvement of 12.4%[12] - Adjusted EBITDA for Q1 2024 was (848) thousand, a significant improvement from (2,103)thousandinQ12023[12]−Interestexpense(net)decreasedto(2,103) thousand in Q1 2023[12] - Interest expense (net) decreased to 4,339 thousand in Q1 2024 from 4,182thousandinQ12023,reflectinga3.74,182 thousand in Q1 2023, reflecting a 3.7% reduction[12] - The company reported a net loss from discontinued operations of 90,638 thousand in Q1 2024, compared to 4,853thousandinQ12023,highlightingasignificantincreaseinlossesfromthissegment[12]−Thecompanyhasincurredprofessionalandvendorfeesrelatedtonon−operationalevents,whichmayimpactfuturefinancialresults[13]−Thecompanycautionsthatactualfutureresultsmaydiffermateriallyfromforward−lookingstatementsduetovariousrisksanduncertainties[15]AssetManagement−Totalassetsdecreasedto4,853 thousand in Q1 2023, highlighting a significant increase in losses from this segment[12] - The company has incurred professional and vendor fees related to non-operational events, which may impact future financial results[13] - The company cautions that actual future results may differ materially from forward-looking statements due to various risks and uncertainties[15] Asset Management - Total assets decreased to 116.4 million in 2024 from $188.9 million in 2023[10]