Arena Group Holdings (AMEX:AREN) reported quarterly earnings of $0.01 per share which missed the analyst consensus estimate of $0.12 by 91.67 percent. This is a 96.15 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $22.270 million which missed the analyst consensus estimate of $30.000 million by 25.77 percent. This is a 50.52 percent decrease over sales of $45.012 million the same period last year.