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NEW YORK - The Arena Group Holdings, Inc. (NYSE American:AREN), currently trading at $6.28 with a market capitalization of $295 million, has been added to the Russell 2000® Index effective June 30, 2025, as part of the annual Russell U.S. Indexes reconstitution, the media company announced Tuesday.
The inclusion in the Russell 2000® Index automatically places Arena in the broader Russell 3000® Index, which captures the 4,000 largest U.S. stocks based on total market capitalization as of April 30. The company has demonstrated remarkable momentum, with InvestingPro data showing a 363% price return over the past six months and an impressive 661% return over the last year.
"Being added to the Russell 2000® Index reflects the tangible progress we’ve made in strengthening our business and delivering shareholder value," said Paul Edmondson, CEO of The Arena Group, in a press release statement.
Arena Group is a technology platform and media company that owns brands including TheStreet, Parade, Men’s Journal, Athlon Sports, Surfer, and Powder. According to the company, its platform reaches over 100 million users monthly. InvestingPro analysis indicates the company maintains a FAIR overall financial health score, with particularly strong momentum metrics. Investors can access 12 additional exclusive ProTips and comprehensive financial analysis through InvestingPro.
The Russell indexes serve as benchmarks for investment managers and institutional investors, with approximately $10.6 trillion in assets benchmarked against them as of June 2024, according to data cited in the announcement. With Arena’s next earnings report scheduled for August 12, 2025, investors looking for detailed analysis and Fair Value estimates can explore InvestingPro’s comprehensive coverage of AREN.
FTSE Russell, the global index provider, determines membership for its Russell indexes primarily through objective market-capitalization rankings and style attributes. Companies included in the indexes are also placed in appropriate growth and value style indexes.
The Arena Group operates a technology platform that provides publishing and monetization tools for content creators while leveraging journalism from its portfolio of media brands.
In other recent news, The Arena Group Holdings, Inc. has regained compliance with the NYSE American’s continued listing standards, ensuring that its common stock remains traded on the exchange. This achievement comes after the company reported three consecutive profitable quarters for the first time in its history, reflecting a strengthened financial position. Additionally, The Arena Group has resolved legal disputes with Authentic Brands Group, LLC, Sportority, Inc., and Manoj Bhargava, resulting in the removal of approximately $93.9 million in accrued liabilities from its balance sheet. This financial adjustment is expected to positively impact the company’s second-quarter financial results for 2025.
In leadership changes, four board members have resigned, and Lynn Petersmarck has joined the board, bringing significant media experience to support strategic growth. The company continues to focus on its media brands, including TheStreet and Parade, reaching over 100 million users monthly. These developments are seen as positive steps in enhancing Arena Group’s financial health and strategic direction.
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