The Arena Group is renaming itself Paradium.AI, and its revenue just halved
The Arena Group is renaming itself Paradium.AI. The publisher of TheStreet, Parade and Men’s Journal expects the change to finish by the end of August.
Business Insider had it first. Steven Tweedie and Ben Shimkus obtained a staff memo from chief executive Paul Edmondson, confidential until 4:05 PM ET, five minutes after the closing bell.
The announcement that followed carried three more things. Arena refinanced its debt, closed its acquisition of InfoSentience and launched a production platform called Cutter Studios.
The quarter underneath the new name
Revenue for the second quarter came in at $22.2m. A year earlier it was $45.0m.
Gross margin fell with it, from 56.4% to 39.2%. Adjusted EBITDA reached $4.4m, against $18.6m in the same quarter of 2025.
The net loss itself is small, at $0.2m. The year-ago comparison is the strange one, because Arena booked $108.6m of net income in the second quarter of 2025,...
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