TheStreet

The Arena Group Reports First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, May 10, 2023
Technology, General Sports, Entertainment, Online, Consumer, Media, Lifestyle, Sports, Publishing, Digital Marketing, Communications, Internet, Data Management, Licensing (Entertainment), Liquidity, Benchmarking, Sport, Media Group, HubPages, OTT, Google Analytics, Balance sheet, Arena, Canadian Tire money, Parade, NYSE, Comscore, EBITDA, Journal, TheStreet, Acquisition, Television, Commerce, Sports Illustrated, Webcast, Bike Magazine, Winter Olympic Games, Growth, Digital, Apple News, AI, Parade Media, Three Months, News, Social media, Operative, Mobile phone, Cryptocurrency, Bookkeeping, Video game, Powder, Adjustment

The Arena Group Holdings, Inc. (NYSE American: AREN) (“we,” “us,” “our,” the “Company” or “The Arena Group”), a technology platform and media company home to more than 265 brands, including Sports Illustrated, TheStreet, Parade Media (“Parade”), Men’s Journal, and HubPages, today announced financial results for the three months ended March 31, 2023 (“Q1 2023”).

Key Points: 
  • The Arena Group Holdings, Inc. (NYSE American: AREN) (“we,” “us,” “our,” the “Company” or “The Arena Group”), a technology platform and media company home to more than 265 brands, including Sports Illustrated, TheStreet, Parade Media (“Parade”), Men’s Journal, and HubPages, today announced financial results for the three months ended March 31, 2023 (“Q1 2023”).
  • For additional information regarding non-GAAP financial measures, see “Use of Non-GAAP Financial Measures” and “Net Loss to Adjusted EBITDA Reconciliation” below.
  • Chairman and Chief Executive Officer of The Arena Group, Ross Levinsohn, said, “During the first quarter, The Arena Group continued its growth trajectory and outpaced peers in the competitive digital publishing space.
  • The Arena Group offers a compelling platform for achieving this at scale with nearly 100 million monthly users as of March 2023, according to Comscore.

The Arena Group to Host First Quarter 2023 Financial Results Conference Call on Wednesday, May 10

Retrieved on: 
Wednesday, April 26, 2023
Publishing, Consumer, Communications, Media, Lifestyle, Sports Illustrated, Webcast, TheStreet, NYSE, Arena

Ross Levinsohn, The Arena Group’s Chief Executive Officer, Doug Smith, Chief Financial Officer, and Andrew Kraft, Chief Operating Officer, will host a conference call and live webcast to review the quarterly results and provide a corporate update at 4:30 p.m.

Key Points: 
  • Ross Levinsohn, The Arena Group’s Chief Executive Officer, Doug Smith, Chief Financial Officer, and Andrew Kraft, Chief Operating Officer, will host a conference call and live webcast to review the quarterly results and provide a corporate update at 4:30 p.m.
  • To access the call, please dial 877-545-0320 (toll free) or 973-528-0016 and if requested, reference conference ID 990309.
  • The conference call will also be webcast live on the Investor Relations section of The Arena Group’s website at https://investors.thearenagroup.net/news-and-events/events .
  • ET on May 24, 2023 by dialing 877-481-4010 (United States) or 919-882-2331 (international) and using the passcode 48276.

The Arena Group Announces the Pricing of $11.5 Million Registered Direct Equity Offering to Existing Shareholders

Retrieved on: 
Friday, March 31, 2023
Lifestyle, Sports, General Sports, Licensing (Entertainment), Publishing, Online, Entertainment, Communications, Digital Marketing, Media, Consumer, Form, Sports Illustrated, Sale, TheStreet, Enterprise file synchronization and sharing, NYSE, Arena, Security (finance)

After deducting estimated offering expenses, the net proceeds from the offering are expected to be approximately $11.3 million.

Key Points: 
  • After deducting estimated offering expenses, the net proceeds from the offering are expected to be approximately $11.3 million.
  • The offering is expected to close on April 3, 2023, subject to the satisfaction of customary closing conditions.
  • Certain directors and officers of the Company, including Ross Levinsohn, Chairman and Chief Executive Officer of The Arena Group, along with other existing shareholders, are participating in the offering.
  • “This financing represents a vote of confidence from existing shareholders in The Arena Group’s strategy, progress, and opportunities,” commented Mr. Levinsohn.

180 Degree Capital Corp. Issues Public Letter to Employees and Common Stockholders of Comscore, Inc.

Retrieved on: 
Monday, March 6, 2023
Shift, Hatred, TheStreet, System, Blood, Embarrassment, Ambiguity, Special dividend, Documentation, Starboard Value, Qurate Retail Group, DGCL, Common, Delaware General Corporation Law, Preferred, Failure, Russell, Preferred stock, Charter Communications, Liberty Media, EBITDA, Letter, Supreme court, SOFR, Proxy, Communication, Growth, Uncertainty, GICS, Face, TST, Senior advisor, Human, Conference, Corporate law, Lead, Cryptocurrency, Management, Holding company, Security (finance), Risk management, Bloomberg, Cerberus, Debt, Index, SCOR

Shift Board compensation for employees of Preferred Stockholders and/or reduce the size of SCOR’s Board.

Key Points: 
  • Shift Board compensation for employees of Preferred Stockholders and/or reduce the size of SCOR’s Board.
  • We’ve focused our discussion above on steps we believe SCOR’s Board can take for the benefit of employees and common stockholders.
  • It is up to our company’s Board to take the right steps to benefit you, SCOR’s hardworking employees and long-suffering common stockholders.
  • We encourage other common stockholders and employees to voice their opinions and desire for change, as staying silent enables SCOR’s Board and Preferred Stockholders to maintain the status quo to the detriment of common stockholders and employees.

Esports Illustrated: A New Digital Destination for Gamers Launches, Powered By The Arena Group

Retrieved on: 
Thursday, March 9, 2023
eSports, Software, Media, Entertainment, Sports, Internet, Consumer Electronics, Technology, Other Communications, Publishing, Communications, Electronic Games, Sports Illustrated, Senior, TheStreet, VALORANT, NYSE, Comscore, Commercial software, League of Legends, Sport, Total, League, Video game, Esports

The Arena Group (NYSE American: AREN) and Gaud-Hammer Gaming Group today announced the launch of Esports Illustrated , a new media platform dedicated to providing exclusive, in-depth coverage of esports with analysis, player and team interviews, and behind-the-scenes glimpses of major competitive gaming events.

Key Points: 
  • The Arena Group (NYSE American: AREN) and Gaud-Hammer Gaming Group today announced the launch of Esports Illustrated , a new media platform dedicated to providing exclusive, in-depth coverage of esports with analysis, player and team interviews, and behind-the-scenes glimpses of major competitive gaming events.
  • “We are thrilled to launch Esports Illustrated, a trusted source of information and inspiration for those passionate about esports,” said L. Anthony Gaud, GaudHammer Gaming Group CEO.
  • Sports Illustrated, through its youth sports tournaments division, Prospects by Sports Illustrated, has also been running esports tournaments across multiple titles for competitive and casual gamers since 2021.
  • Source: Comscore Media Metrix Multi-Platform, Desktop 2+ and Total Mobile 13+, January 2023, U.S.

The Arena Group Announces Preliminary and Unaudited Full Year 2022 Results Exceeding Guidance; Reaffirms 2023 Outlook

Retrieved on: 
Friday, February 3, 2023
Media, Communications, Other Communications, Publishing, Journal, Sports Illustrated, TheStreet, NYSE, Acquisition, EBITDA, Jasper, GAAP, Webcast, Parade, Pro forma, Management, Depreciation, Arena, AI, HubPages, Cryptocurrency, Video game, Sales

Non-cash charges, such as stock-based compensation and depreciation and amortization, represented a majority of the net loss from continuing operations.

Key Points: 
  • Non-cash charges, such as stock-based compensation and depreciation and amortization, represented a majority of the net loss from continuing operations.
  • * The preliminary and unaudited results reflect the Parade Print business as a discontinued operation, consistent with the Company’s announcement in September of 2022 of its decision to cease Parade’s print operations.
  • In addition, The Arena Group today announced strategic development partnerships with two AI firms, Jasper and Nota.
  • The Company will provide more detail and discuss full financial results on its fourth quarter 2022 earnings conference call on Thursday, March 16, 2023.

The Arena Group Announces Strategic Partnerships With Artificial Intelligence Firms

Retrieved on: 
Friday, February 3, 2023
Technology, Content Marketing, Publishing, Marketing, Advertising, Communications, Software, Media, Digital Marketing, Artificial Intelligence, RPM, Journalism, Artificial intelligence, Sports Illustrated, TheStreet, NYSE, Fasting, API, Weight loss, Intermittent fasting, Partnership, Arena, Best Way, AI, Sport, Sales, Jasper

The Arena Group Holdings, Inc. (NYSE American: AREN), (the “Company” or “The Arena Group”) today announced strategic development partnerships with two Artificial Intelligence (AI) firms – Jasper and Nota – to speed and broaden its AI-assisted efforts in content workflows, video creation, newsletters, sponsored content, and marketing campaigns.

Key Points: 
  • The Arena Group Holdings, Inc. (NYSE American: AREN), (the “Company” or “The Arena Group”) today announced strategic development partnerships with two Artificial Intelligence (AI) firms – Jasper and Nota – to speed and broaden its AI-assisted efforts in content workflows, video creation, newsletters, sponsored content, and marketing campaigns.
  • The Arena Group will integrate Jasper’s full suite of products, adding Jasper’s API to build generative AI processes.
  • “Our team feels privileged to partner with The Arena Group, a premier publisher with an established reputation for innovation.
  • “We’re extremely excited to partner with The Arena Group,” said Josh Brandau, CEO of Nota.

Lindsey Carnett Appointed Senior Advisor of TerraScale Inc.

Retrieved on: 
Thursday, January 26, 2023
National Association, NPR, California Lutheran University, Academy of Art University, National Association of Women Business Owners, Art, Conejo Valley, TheStreet, Gizmodo, RET, Fastest, Health, LT, Human, Government, News, Beauty, TerraScale, Woman, The Jeff Probst Show, Growth, Commerce, NAWBO, Social media, Curriculum, Most, USA Today, PRWeek, Thrive Global, Consultant, Sport, Telemundo, Marketing

SANTA MONICA, Calif., Jan. 26, 2023 /PRNewswire-PRWeb/ -- TerraScale, a five-time award-winning green development, infrastructure and finance firm formed with the goal of accelerating the transition to a more sustainable planet, today named Lindsey Carnett as senior advisor, global marketing and strategic partnerships on its advisory board. Carnett will serve under the leadership of LT General Honoré (Ret.), chairman of the advisory board.

Key Points: 
  • With over two decades of experience, Carnett founded Marketing Maven to elevate the public relations and marketing objectives of clients and provide tangible results.
  • She has led successful campaigns for many notable companies and high-profile clients," said Danny Hayes, TerraScale co-founder and CEO.
  • "It is an honor and privilege to have such a dynamic, accomplished and respected leader on the TerraScale advisory board.
  • "TerraScale is a growing leader in the field of sustainable infrastructure," said Carnett.

The Arena Group Acquires Fexy Studios Expanding Video Production and Distribution

Retrieved on: 
Thursday, January 12, 2023
Technology, Content Marketing, Publishing, Entertainment, Advertising, Communications, Media, Audio, Video, TV and Radio, Social Media, Commercial software, Hand, Total, OTT, Moveable feast, Arena, NYSE, Comscore, GM, TheStreet, Sports Illustrated, Editorial, Television, Acquisition, Human, Broadcasting, Video game, Media, Roadfood

The Arena Group will leverage the strength of its core brands and continued audience growth coupled with Fexy’s production and branded video capabilities to expand its streaming, sponsored content and television programming, while enhancing sales and revenue generation across The Arena Group properties.

Key Points: 
  • The Arena Group will leverage the strength of its core brands and continued audience growth coupled with Fexy’s production and branded video capabilities to expand its streaming, sponsored content and television programming, while enhancing sales and revenue generation across The Arena Group properties.
  • Cliff Sharples, Fexy Studios Co-Founder, will join The Arena Group as head of Fexy Studios to scale and build out TV, streaming, and cross-platform advertising opportunities as well as a larger portfolio of shows for The Arena Group’s verticals.
  • "Fexy Studios has demonstrated a great ability to create compelling programming and digital video content that resonates deeply with viewers and advertisers.
  • The acquisition will enable The Arena Group to broaden food coverage within the Company’s Parade Lifestyle Media Group.

BitcoinIRA Recaps a Successful 2022

Retrieved on: 
Tuesday, January 3, 2023
Barron's, The Wall Street Journal, IRAS, App store optimization, Android, CNBC, Ernst & Young, Growth, IRA, Retirement, Risk, TheStreet, CoinDesk, App store, Multimedia, Bloomberg, Swedish Business Awards, Publication, CNN Business, ICO, Google Play, IPhone, Cryptocurrency exchange, BitGo, Video game, Cryptocurrency, Reuters

LOS ANGELES, Jan. 3, 2023 /PRNewswire/ -- BitcoinIRA, the world's first and most secure* digital asset IRA technology platform, is closing out a successful 2022 with a recap of its wins over the past year.

Key Points: 
  • LOS ANGELES, Jan. 3, 2023 /PRNewswire/ -- BitcoinIRA , the world's first and most secure* digital asset IRA technology platform, is closing out a successful 2022 with a recap of its wins over the past year.
  • BitcoinIRA saw continued growth throughout 2022, surpassing 170,000 users and seeing app installs and usage increase by over 200%.
  • "2022 was a test for the crypto community, and I'm happy to have crossed these uncharted waters with our amazing team," said Chris Kline, Co-founder and Chief Revenue Officer of BitcoinIRA.
  • * BitcoinIRA has processed billions in transactions and has over 170,000 users with more than 3,500 5-star user reviews.