Brief: Arena Group Reports Full Year 2022 Revenue Of $221 Million

Paradium.AI

16/03/2023 22:52

March 16 (Reuters) - Arena Group Holdings Inc  AREN.A :
    * THE ARENA GROUP REPORTS FULL YEAR 2022 REVENUE OF $221
MILLION
DRIVEN BY A NEARLY 74% YEAR OVER YEAR INCREASE IN DIGITAL
ADVERTISING REVENUE
    * QUARTERLY REVENUE FROM CONTINUING OPERATIONS WAS $61.7
MILLION
VERSUS $61.2 MILLION IN PRIOR YEAR PERIOD
    * MANAGEMENT REITERATED ITS FULL-YEAR 2023 GUIDANCE OF
BETWEEN
$255 MILLION AND $270 MILLION IN TOTAL REVENUE
    * MANAGEMENT REITERATED ITS FULL-YEAR 2023 GUIDANCE OF
BETWEEN $30
MILLION AND $35 MILLION IN ADJUSTED EBITDA
    * QTRLY BASIC AND DILUTED NET LOSS PER COMMON STOCK $0.75
    * Q4 EARNINGS PER SHARE VIEW $-0.77 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw3wnBBka 
Further company coverage:  AREN.A 

 ((Reuters.Briefs@thomsonreuters.com;))