The Arena Group Holdings (AREN) Joins Russell 2000 Index

The Arena Group Holdings, Inc. (NYSE American: AREN) (“Arena”), a technology platform and media company home to hundreds of media brands, including TheStreet, Parade, Men’s Journal, Athlon Sports, Surfer, Powder and more, today announced it has been added as a member of the Russell 2000® Index, effective as of June 30, 2025 as part of the 2025 Russell U.S. Indexes reconstitution.

Membership in the Russell 2000® Index reflects inclusion in the broader Russell 3000® Index, which captures the 4,000 largest U.S. stocks as of April 30, ranking them by total market capitalization. Companies are also included in the appropriate growth and value style indexes as well. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

“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. “Our inclusion is the result of growth in our market capitalization – driven by improved profitability and the momentum we’ve built through investing in our brands and adopting a more efficient, performance-based publishing model that is generating results. We believe this milestone will help broaden our visibility among investors as we continue to execute.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, approximately $10.6 trillion in assets are benchmarked against the Russell U.S. indexes which belong to FTSE Russell, the global index provider.

For more information on the Russell 2000® and 3000® Indexes and the Russell indexes reconstitution, visit the FTSE Russell website at www.ftserussell.com.

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