🔴 Arena Group is trading 6.5% down today after Q2 revenue missed estimates

Arena Group is trading at $1.08 (-6.51%), extending its post-earnings selloff after Q2 2026 revenue missed estimates.

• Q2 revenue was $22.2 million, down 50.7% year over year versus a $35 million estimate.
• Adjusted EBITDA was sharply lower as the company pivots from legacy publishing toward Paradium.AI, InfoSentience, and Cutter Studios.
• The broader market is only modestly lower; shares fell from $2.20 on August 10 to $1.08 currently.