The Arena Group Holdings, Inc. (AREN) reported Q2 2026 revenue of $22.2 million, compared with $45.0 million in Q2 2025. Net loss was $0.2 million, compared with net income of $108.6 million a year earlier, which included a $96.2 million gain from discontinued operations.
The company also announced plans to rebrand to Paradium.AI, the completion of its InfoSentience acquisition, the launch of Cutter Studios and a three-year extension of its existing term debt facility with Renew Group Private Limited.
- Q2 2026 gross margin was 39.2%, compared with 56.4% in Q2 2025.
- Loss from continuing operations was $0.2 million, compared with income from continuing operations of $12.4 million a year earlier.
- Adjusted EBITDA was $4.4 million, compared with $18.6 million in Q2 2025.
- Cash balance was $11.2 million, including $2.1 million generated in cash flow from operating activities in Q2.
- The corporate rebrand to Paradium.AI is expected to be completed by the end of August.
$AREN Hedge Fund Activity
We have seen 30 institutional investors add shares of $AREN stock to their portfolio, and 27 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 542,446 shares (-72.7%) from their portfolio in Q2 2026, for an estimated $450,230
- LPL FINANCIAL LLC removed 261,505 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $217,049
- STATE STREET CORP removed 176,751 shares (-61.7%) from their portfolio in Q2 2026, for an estimated $146,703
- MORGAN STANLEY removed 86,797 shares (-88.3%) from their portfolio in Q1 2026, for an estimated $188,349
- DEUTSCHE BANK AG\ removed 50,043 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $41,535
- MILLENNIUM MANAGEMENT LLC removed 41,662 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $90,406
- GROUP ONE TRADING LLC removed 37,134 shares (-91.4%) from their portfolio in Q1 2026, for an estimated $80,580
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
