The Spun Launches First Then & Now Issue, Featuring Legendary Athletes in Sports History
Launch of Then & Now Magazine: The Spun has released its first issue of the Then & Now magazine, focusing on significant athletes, storylines, and moments in sports history, featuring contributions from notable sports journalists.
Featured Stories: The inaugural issue includes a comprehensive feature on the 1999 FIFA Women’s World Cup, an analysis of the 1980 "Miracle on Ice" team, and an investigative piece on Floyd Landis, showcasing a blend of nostalgia and fresh reporting.
Editorial Vision: Managing editor PK Daniel emphasizes the magazine's goal to honor past sports moments while providing new insights, describing the project as a "labor of love" with an all-star editorial team.
Availability: The magazine is now available for purchase at retail locations and newsstands across the nation.
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- Quarterly Revenue Decline: Q4 2025 revenue fell to $28.2 million from $36.2 million in Q4 2024, primarily impacted by user experience testing and traffic fluctuations, indicating competitive pressures in the market.
- Annual Net Income Growth: Full year 2025 net income reached $124.9 million, including $96.3 million from discontinued operations, reflecting improvements in ongoing operations while still facing traffic volatility challenges.
- Debt and Cash Position Improvement: The company successfully repaid $23.5 million in debt and increased its cash balance to $10.3 million in 2025, demonstrating gradual financial health improvement that supports future investments and expansion.
- Non-Advertising Revenue Growth: Non-advertising revenue increased by over $21 million compared to 2024, reducing reliance on external traffic sources, indicating positive progress in diversifying revenue streams.
- Revenue and Profit Growth: Arena Group reported Q4 2025 revenue of $28.2 million, down from $36.2 million in Q4 2024, with net income of $5.3 million or 18.8% of revenue, demonstrating resilience and profitability amid traffic volatility.
- Debt Reduction and Cash Flow: The company successfully reduced debt by $23.5 million, increasing cash balance to $10.3 million, while cash from operating activities reached $13.1 million, supporting a $13 million loan repayment and enhancing financial stability.
- Strategic Transformation and Revenue Diversification: CEO Paul Edmondson highlighted the company's shift to a brand, data, and IP company, actively expanding direct audience engagement and non-advertising revenue, with over $21 million growth in non-ad revenue in 2025 and advertising revenue dropping to 64% of total revenue.
- Future Outlook and Capital Management: Management plans to further reduce advertising revenue below 50% in 2026, focusing on revenue diversification and M&A to maintain profitability and growth trajectory, reflecting confidence in future market conditions.
- Earnings Miss: Arena Group's Q4 GAAP EPS of $0.11 fell short by $0.02, with revenue of $28.2M reflecting a 22.2% year-over-year decline, missing expectations by $5.8M, indicating challenges in the current market environment.
- Net Income and Margin: Q4 net income was $5.3M, or 18.8%, down from $6.9M and 19.1% in the previous year, although the adjusted EBITDA margin remained stable at 35.8%, highlighting the company's cost management efforts.
- Debt Reduction and Capital Efficiency: Arena reduced its outstanding debt by 12% during Q4 through a $13.0M principal repayment, underscoring its commitment to a leaner capital structure, which is crucial for future financial stability.
- Annual Revenue Growth: Full-year revenue for 2025 reached $134.8M, up from $125.9M in 2024, primarily driven by growth in non-advertising revenue streams, with advertising revenue dropping to 64% of total revenue, showcasing the company's success in diversifying its income sources.
- Partnership Announcement: Men's Journal Spirits Shop has partnered with NBA star Stephen Curry and his premium bourbon brand, Gentleman's Cut, allowing readers to purchase Curry's signature spirits online, thereby expanding the brand's product offerings and market influence.
- Promotional Campaign: To celebrate this partnership, Men's Journal launched a sweepstakes where readers can win Curry-autographed basketballs or jerseys, which not only enhances user engagement but also strengthens the connection between the brand and its audience.
- Product Features: Gentleman's Cut bourbon, created in collaboration with Boone County Distilling Company, features a complex mashbill of 75% corn, 21% rye, and 4% malted barley, aged 5-7 years to deliver rich tasting notes of honey, vanilla, and caramel, significantly boosting its market competitiveness.
- Brand Vision: Since its inception in 1992, Men's Journal has aimed to inspire readers to live adventurous lives, and this collaboration with Curry marks a new chapter in the beverage sector, aiming to attract more consumers through high-quality products and engaging content.
- Finalist Selection: After months of nationwide participation and hundreds of thousands of votes, 40 small towns have been selected as finalists for America's Favorite Small Town, each with populations under 250,000, showcasing the unique charm and spirit of American communities.
- Diverse Finalists: The finalists include towns like Lodi, California; Lancaster, Pennsylvania; and Fredericksburg, Texas, representing a diverse cross-section of the U.S., from coastal gems to historic mountain towns and vibrant main streets, highlighting the rich cultural tapestry of America.
- Wide Audience Exposure: These finalists are currently showcased on Parade.com and Steller.co, reaching over 130 million potential travelers, providing unprecedented national exposure that could significantly boost tourism and local economies in these towns.
- Final Selection and Rewards: Regional winners will be announced on June 1, 2026, with the national winner revealed on June 12, 2026, who will receive the “Favorite Small Town in America” badge and promotional opportunities during the July 4th celebrations, enhancing their visibility and appeal.
- Earnings Release Schedule: Arena Group plans to release its financial results for Q4 and fiscal year 2025 on March 16, 2026, after market close, showcasing the company's performance and growth in the digital asset space.
- Conference Call Details: CEO Paul Edmondson and CFO Geoffrey Wait will host a conference call at 4:30 p.m. ET on the same day to provide financial updates and answer shareholder questions, enhancing transparency and investor trust.
- Shareholder Question Mechanism: The company encourages shareholders to submit questions via email or social media by March 12, 2026, with management answering selected questions during the call, thereby increasing shareholder engagement and interactivity.
- Replay Arrangements: Following the call, a replay will be available until March 30, 2026, and a webcast replay will be accessible for 90 days on the company's website, ensuring that investors who cannot participate live can still access the information.








