Analyst coverage
- The one available analyst rating on the shares is "buy"
- The average consensus recommendation for the online services peer group is "buy"
- Wall Street's median 12-month price target for Arena Group Holdings Inc is $6.00, about 240.9% above its August 7 closing price of $1.76
- The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago
Quarterly results
- US digital media firm's Q2 revenue fell 51% yr/yr
- Adjusted EBITDA for Q2 dropped to $4.4 mln from $18.6 mln a year ago
- Company rebrands to Paradium.AI, completes InfoSentience acquisition, extends debt maturity by three years
Key financial details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Revenue | Miss | $22.18 mln | $30 mln (1 Analyst) |
| Q2 EPS | Miss | $0 | $0.12 (1 Analyst) |
| Q2 Net Income | Miss | -$176,000 | $5.89 mln (1 Analyst) |
| Q2 Gross Profit | | $8.67 mln | |
| Q2 Income From Operations | | $2.28 mln | |
| Q2 Pretax Loss | | -$246,000 | |
Outlook and strategic shift
AREN•
