The Arena Group Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 63.42 million compared to USD 57.28 million a year ago. Net loss was USD 11.17 million compared to USD 16.51 million a year ago. Basic loss per share from continuing operations was USD 0.48 compared to USD 0.87 a year ago. Basic loss per share was USD 0.48 compared to USD 0.9 a year ago.
For the nine months, sales was USD 173.6 million compared to USD 159.27 million a year ago. Net loss was USD 50.03 million compared to USD 57.16 million a year ago. Basic loss per share from continuing operations was USD 2.32 compared to USD 3.22 a year ago. Basic loss per share was USD 2.33 compared to USD 3.3 a year ago.