olivLaw · US equity research
Paradium.AI, Inc. PAAI
Cable & Other Pay Television Services · SIC 4841 · Vertical: Cable & Other Pay Television Services (SIC 4841)
Paradium.AI, formerly The Arena Group, is a brand, data and IP company that runs portfolios of digital sites in sports, lifestyle and finance, and is now repositioning as an AI-powered technology platform. The company reported revenue of 134,828 thousand USD in 2025, while second-quarter 2026 revenue fell to 22.2 million USD amid search algorithm changes.
At the close of 04 Nov 2026, Paradium.AI, Inc. (PAAI) stock was 0.92 USD (+0.00% on the day), with market capitalisation 43.8 m USD, P/E 4.8 on diluted EPS of 0.19 USD over the last 12 months, beta 0.47, 52-week range 0.71–5.15 USD. Latest reported quarter (Q2 2026): revenue of 22.2 m USD (−50.7% YoY), net income of -176.0 k USD (−100.2% YoY), diluted EPS 0.00 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 48.4
- neutral
- Bollinger (20, 2)
- 0.64 – 1.11
- in the upper half of the band · %B 0.59 · band width 53.7%
- SMA 50 / 200
- 1.09 / 1.79
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.07 / -0.10
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −13.2% | −1.1% | −12.1 pp | — |
| 3 months | −39.1% | −0.5% | −38.6 pp | — |
| 6 months | −66.4% | +4.4% | −70.8 pp | — |
| Year to date | −77.0% | +12.3% | −89.3 pp | — |
| 1 year | −81.4% | +13.5% | −95.0 pp | −11.5% |
| 3 years | −76.2% | +76.4% | −152.6 pp | −1.7% |
| 5 years | −91.6% | +63.7% | −155.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 33.6 m | -72.8 m | 31.8 m | 45.0 m | 29.8 m | 28.2 m | 20.4 m | 22.2 m |
| Cost of revenue | 16.6 m | 17.2 m | 16.1 m | 19.6 m | 14.8 m | 15.9 m | 13.3 m | 13.5 m |
| Gross profit | 17.0 m | 19.1 m | 15.7 m | 25.4 m | 14.9 m | 12.3 m | 7.1 m | 8.7 m |
| Operating income | 8.1 m | 10.3 m | 7.4 m | 16.4 m | 9.5 m | 7.5 m | -304.0 k | 2.3 m |
| Depreciation & amortisation | 905.0 k | 899.0 k | 890.0 k | 881.0 k | 877.0 k | 821.0 k | 893.0 k | 908.0 k |
| Interest expense | 3.2 m | 2.9 m | 3.0 m | 2.9 m | 2.8 m | 2.6 m | 2.4 m | 2.5 m |
| Pre-tax income | 4.8 m | 7.3 m | 4.3 m | 13.4 m | 6.6 m | 4.9 m | -2.8 m | -246.0 k |
| Income tax | 40.0 k | 133.0 k | 286.0 k | 979.0 k | -304.0 k | -441.0 k | -142.0 k | -70.0 k |
| Net income | 4.0 m | 6.9 m | 4.0 m | 108.6 m | 6.9 m | 5.3 m | -2.7 m | -176.0 k |
| Diluted EPS | 0.11 | 0.14 ≈ | 0.08 | 2.28 | 0.14 | 0.11 ≈ | -0.06 | 0.00 |
| Operating cash flow | -2.3 m ≈ | -8.6 m | 3.7 m | 10.3 m ≈ | 12.2 m ≈ | 13.1 m | 2.0 m | 90.0 k ≈ |
| Capex | 27.0 k ≈ | 0 | — | — | 0 ≈ | 0 | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 83 percentile of its own 6-quarter history (min 0.9, median 2.2, max 31.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | ⚠ 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.7 m | 53.3 m | 128.0 m | 189.1 m | 13.3 m | 143.6 m | 16.9 m | 134.8 m |
| Revenue YoY | +7,303.3% | +835.8% | +140.0% | +47.7% | −93.0% | — | −88.2% | +698.2% |
| Net income | -26.1 m | -38.5 m | -89.2 m | -89.9 m | -70.9 m | -55.6 m | -100.7 m | 124.9 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | — | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | unavailable | -7.87 | -4.02 | -2.49 | -2.85 | 2.62 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | — | unavailable | unavailable |
| net % | -457.3% | -72.2% | -69.7% | -47.6% | -534.7% | -38.7% | -596.2% | 92.6% |
| Free cash flow | -7.4 m | -57.1 m | -33.5 m | -15.1 m | -11.8 m | unavailable | -16.1 m | 39.2 m |
The series breaks before 2023: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 10.3 m USD
- Financial debt
- 97.6 m USD
- Net debt
- 87.2 m USD
- Equity
- -4.8 m USD
- Total assets
- 112.6 m USD
- Debt / equity
- unavailable
- Current ratio
- 2.10x
- ROE
- unavailable
- ROA
- 109.1%
- FCF margin
- 29.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 128.0 m | 189.1 m | 13.3 m | 143.6 m | 16.9 m | 134.8 m | SEC (XBRL)· 16 Mar 2026verified |
| Cost of revenue | 103.1 m | 110.5 m | 132.9 m | 88.4 m | 70.2 m | 66.5 m | SEC (XBRL)· 16 Mar 2026verified |
| Gross profit | 25.0 m | 78.6 m | 88.0 m | 55.3 m | 55.7 m | 68.3 m | SEC (XBRL)· 16 Mar 2026verified |
| Operating income | -71.2 m | -84.3 m | -55.9 m | -17.5 m | 7.9 m | 40.8 m | SEC (XBRL)· 16 Mar 2026verified |
| Depreciation & amortisation | 16.3 m | 1.2 m | 864.0 k | 4.2 m | 3.7 m | 3.5 m | SEC (XBRL)· 16 Mar 2026verified |
| EBITDA | -54.9 m ≈ | -83.1 m ≈ | -55.0 m ≈ | -13.2 m ≈ | 11.6 m ≈ | 44.3 m ≈ | SEC (XBRL)· 16 Mar 2026derived |
| Interest expense | 16.5 m | 10.4 m | 11.4 m | 18.0 m | 14.7 m | 11.4 m | SEC (XBRL)· 16 Mar 2026verified |
| Pre-tax income | -89.0 m | -91.6 m | -68.5 m | -37.0 m | -7.4 m | 29.1 m | SEC (XBRL)· 16 Mar 2026verified |
| Income tax | 210.8 k | -1.7 m | -1.1 m | 197.0 k | 249.0 k | 520.0 k | SEC (XBRL)· 16 Mar 2026verified |
| Net income | -89.2 m | -89.9 m | -70.9 m | -55.6 m | -100.7 m | 124.9 m | SEC (XBRL)· 16 Mar 2026verified |
| Diluted EPS | — | -7.87 | -4.02 | -2.49 | -2.85 | 2.62 | SEC (XBRL)· 16 Mar 2026verified |
| Weighted average diluted shares | — | — | 17.6 m | 22.3 m | 35.4 m | 47.7 m | SEC (XBRL)· 16 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 9.0 m | 9.3 m | 13.9 m | 9.3 m | 4.4 m | 10.3 m | SEC (XBRL)· 16 Mar 2026verified |
| Receivables | 16.5 m | 21.7 m | 34.0 m | 31.7 m | 31.1 m | 22.3 m | SEC (XBRL)· 16 Mar 2026verified |
| Current assets | 73.8 m | 77.7 m | 78.7 m | 90.4 m | 40.2 m | 35.6 m | SEC (XBRL)· 16 Mar 2026verified |
| Property, plant & equipment, net | 1.1 m | 636.0 k | 735.0 k | 328.0 k | 148.0 k | 56.0 k | SEC (XBRL)· 16 Mar 2026verified |
| Goodwill | 16.1 m | 19.6 m | 39.3 m | 42.6 m | 42.6 m | 42.6 m | SEC (XBRL)· 16 Mar 2026verified |
| Intangibles (excl. goodwill) | 71.5 m | 57.4 m | 59.0 m | 27.5 m | 22.8 m | 22.4 m | SEC (XBRL)· 16 Mar 2026verified |
| Total assets | 214.2 m | 174.0 m | 203.7 m | 188.9 m | 116.4 m | 112.6 m | SEC (XBRL)· 16 Mar 2026verified |
| Accounts payable | 8.2 m | 12.0 m | 12.9 m | 7.8 m | 4.8 m | 1.7 m | SEC (XBRL)· 16 Mar 2026verified |
| Short-term debt | — | 5.7 m | 65.7 m | 102.3 m | — | — | SEC (XBRL)· 01 Apr 2024verified |
| Long-term debt | 62.2 m | 64.4 m | 65.7 m | 102.3 m | 110.4 m | 97.6 m | SEC (XBRL)· 16 Mar 2026verified |
| Current liabilities | 107.6 m | 116.4 m | 216.4 m | 236.0 m | 122.3 m | 17.0 m | SEC (XBRL)· 16 Mar 2026verified |
| Total liabilities | 216.1 m | 211.8 m | 242.7 m | 247.7 m | 246.5 m | 117.4 m | SEC (XBRL)· 16 Mar 2026verified |
| Equity | -20.3 m † | -51.7 m † | -52.1 m † | -59.0 m † | -130.3 m † | -4.8 m † | SEC (XBRL)· 16 Mar 2026verified |
| Shares outstanding at year end | 175.6 m | — | — | — | — | — | SEC (XBRL)· 08 Jan 2021verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -32.3 m | -14.7 m | -11.3 m | -24.8 m | -16.1 m | 39.2 m | SEC (XBRL)· 16 Mar 2026verified |
| Capex | 1.2 m | 377.0 k | 530.0 k | — | 54.0 k | 0 | SEC (XBRL)· 16 Mar 2026verified |
| Free cash flow | -33.5 m ≈ | -15.1 m ≈ | -11.8 m ≈ | — | -16.1 m ≈ | 39.2 m ≈ | SEC (XBRL)· 16 Mar 2026derived |
| Investing cash flow | -4.9 m | -13.1 m | -38.6 m | -3.2 m | -5.2 m | -9.6 m | SEC (XBRL)· 16 Mar 2026verified |
| Financing cash flow | 37.3 m | 28.2 m | 54.4 m | 22.9 m | 16.3 m | -23.7 m | SEC (XBRL)· 16 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 83 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 43.8 m USD
Key indicators
Coverage and freshness
Score by group
- Quality88
- Growth100
- Valuation94
- Balance sheet59
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 2.52 – 41.11 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)17.63 – 41.11 (Mid 24.82)WACC 6.4% · starting FCFF 36.0 m USD · terminal value share of EV 84%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: no growth between −30% and +40% justifies the price
- Peers: EV/EBITDA6.27 – 13.64 (Mid 11.58)3 companies used · median multiple 28.4x · quartiles 17.1x – 32.7xCABO, CHTR, WBD
- Peers: P/E2.52 – 5.19 (Mid 3.50)4 companies used · median multiple 18.3x · quartiles 13.2x – 27.1xADEA, CCZ, CHTR, ROKU
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 83/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 9.3% | 75 (vs peers) | 9% |
| FCF conversion · Quality | 291.8% | 100 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | 116.7% | 100 (on a fixed band) | 12% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 3.8x | 75 (vs peers) | 15% |
| Interest coverage · Balance sheet | 1.8x | 5 (on a fixed band) | 9% |
| Current ratio · Balance sheet | 2.4x | 100 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 4.8x | 100 (on a fixed band) | 15% |
| EV/EBITDA · Valuation | 5.8x | 84 (on a fixed band) | 15% |
| FCF yield · Valuation | 62.4% | 100 (on a fixed band) | 12% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet59/100 · 3/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality88/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation94/100 · 3/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
THE ARENA GROUP HOLDINGS, INC. (PAAI). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 134.8 m USD in 2025; YoY growth 698.2%; net margin 9.3%; net debt/EBITDA 3.8x.
The estimated value range is 6.27–13.64 USD per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 11.58 USD, the price of 0.92 USD leaves a potential of 1,158.9% (value / price − 1) and a margin of safety of 92.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 83/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 9.3%
- FCF conversion: 291.8%
- Revenue CAGR 3Y: 116.7%
- Net debt / EBITDA: 3.8x
- Current ratio: 2.4x
- P/E (TTM): 4.8x
- EV/EBITDA: 5.8x
- FCF yield: 62.4%
- The price is below the estimated value range
What contradicts it
- Interest coverage: 1.8x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, EPS CAGR 3Y, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Cable & Other Pay Television Services (SIC 4841) · same industry (4-digit SIC) · compared with 12 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| WBDWarner Bros. Discovery, Inc. | 77.7 bn | — | -9.2% | -8.8% | −5.1% | unavailable / unavailable |
| CHTRCharter Communications, Inc. | 32.6 bn | 3.1 | 29.7% | 9.1% | −0.6% | −40% / −70% |
| ROKURoku, Inc. | 24.1 bn | 48.2 | 18.2% | 9.3% | +15.2% | +68% / +56% |
| ADEAAdeia Inc. | 1.9 bn | 16.6 | 25.9% | 25.0% | +17.9% | +37% / +84% |
| OPTUOptimum Communications, Inc. | 188.1 m | — | — | -58.1% | −4.1% | −64% / −70% |
| PAAIThe Arena Group Holdings, Inc. | 43.8 m | 4.8 | — | 9.3% | +698.2% | −81% / −76% |
| CABOCable One, Inc. | 29.8 m | — | -126.2% | -72.8% | −4.9% | −96% / −99% |
| GLIBALiberty Capital Corp | — | — | -21.0% | -32.5% | +3.0% | −31% / unavailable |
| LBTYALiberty Global Ltd. | — | — | -22.3% | -44.4% | +12.4% | −16% / +16% |
| CCZComcast Corporation | — | 20.1 | 11.9% | 9.2% | −0.0% | +1% / +17% |
| RCIRogers Communications Inc. | — | — | 49.0% | 31.8% | +5.4% | −12% / −20% |
| AMCXAMC Global Media Inc. | — | — | -2.1% | -0.9% | −4.5% | −5% / −44% |
| LILALiberty Latin America Ltd. | — | — | -32.1% | -3.9% | −0.1% | +47% / +88% |
1- and 3-year price returns: for PAAI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 0.62 Total return -33% · Per year -33% | 1.09 Total return 18% · Per year 18% | 1.63 Total return 77% · Per year 77% |
| 3 years | 0.73 Total return -20% · Per year -7% | 1.44 Total return 56% · Per year 16% | 2.35 Total return 155% · Per year 37% |
| 5 years | 0.87 Total return -5% · Per year -1% | 1.90 Total return 107% · Per year 16% | 3.38 Total return 268% · Per year 30% |
- Exit P/E± 0.36
- Net margin± 0.25
- Annual revenue growth± 0.19
- Annual dilution± 0.02
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Paradium.AI, formerly The Arena Group, is a brand, data and IP company that runs portfolios of digital sites in sports, lifestyle and finance, and is now repositioning as an AI-powered technology platform. The company reported revenue of 134,828 thousand USD in 2025, while second-quarter 2026 revenue fell to 22.2 million USD amid search algorithm changes.
SWOT
Strengths
- The company owns a portfolio of established brands and a variable-cost model that gives it a flexible operating structure.
- Its debt maturity has been extended and the company reported positive operating cash flow in the first half of 2026.
- Its proprietary platform and audience data could support services for creators and corporate clients.
Weaknesses
- Quarterly revenue fell sharply in 2026 and the company reported a loss in the second quarter.
- The company depends on search engine traffic, and algorithm changes have reduced its published audience.
- Debt remains high relative to revenue, and loan covenants may limit operational flexibility.
Opportunities
- AI-based B2B services could open new revenue streams if corporate clients adopt them.
- Digital commerce through ShopHQ and affiliate revenue could monetize the existing audience better.
- Expansion into underserved verticals could grow audience and revenue if the strategy proves effective.
Threats
- Generative AI can reduce traffic and copy content without compensation.
- Competition from social platforms and search engines may limit advertising revenue.
- Economic uncertainty could reduce advertising budgets and pressure RPM.
Risks
- Dependence on search engine algorithmshigh
Algorithm changes could reduce traffic to the company’s content and its advertising revenue.
- Indebtednesshigh
Debt agreements may impose operating restrictions and could lead to default if performance declines.
- Generative artificial intelligencemedium
New technologies can reproduce the company’s content without authorization and may harm its brands.
- Dependence on outside creatorsmedium
Loss of key contributors could affect content production and revenue.
- Data regulationlow
Privacy and data collection laws may restrict behavioral advertising.
Investment thesis
What would need to be true (bull case)
- If new AI-based tools stabilize the audience, the company could recover part of the revenue it has lost.
- The InfoSentience acquisition and Cutter Studios could open B2B revenue streams with higher margins than traditional advertising.
- Extending the debt maturity may ease short-term financial pressure and allow investment in the platform.
What would break the thesis
- Quarterly revenue fell sharply in 2026 and the company reported a loss from continuing operations.
- Traffic dropped severely after algorithm changes, and recovery could be slow or incomplete.
- Debt remains significant, and the transformation strategy may not produce results quickly enough.
What to watch
- Trend of revenue and traffic after search algorithm optimizationsQ3 2026
- Completion of the rebrand to Paradium.AI and launch of Cutter Studios products2026
- Contribution of B2B services to revenuenext 10-K
- Evolution of RPM and cash positionQ3 2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company builds, acquires and scales digital sites with specialized audiences, grouped into sports and leisure, finance and lifestyle verticals under brands such as Parade, TheStreet, Men’s Journal and Athlon Sports. Its entrepreneurial publishing model links costs to channel performance, with creators earning a share of revenue from their own sections. Since 2025 the company has also integrated the ShopHQ brand, focused on digital commerce.
Revenue comes mainly from digital advertising, measured by RPM, which was 23.84 USD in 2025 versus 23.31 USD in 2024. The company also pursues affiliate and social commerce revenue and syndicates content through outside partners.
In August 2026 the company announced its rebrand to Paradium.AI, the acquisition of InfoSentience and the launch of Cutter Studios, a proprietary AI-assisted video and article production platform aimed at B2B clients.
Segments
Sports and Leisure
The vertical includes brands such as Athlon Sports, The Spun, Lindy’s Sports, Men’s Journal and the Adventure Network, with titles such as Surfer, Powder and Bike.
Finance
The vertical is anchored by TheStreet and includes Autoblog, acquired in 2025, with business coverage, market data and consumer tools for the automotive market.
Lifestyle
The vertical is anchored by Parade and includes brands such as PetHelpful, Parade Pets, TravelHost, DenGarden and Parade Home & Garden.
Market context
The digital media market is fragmented, and competition for audience attention and advertising budgets comes from niche creators as well as global technology platforms. Seasonality shapes revenue, with the first quarter usually weakest and the fourth quarter strongest.
Advertising revenue depends on search engine traffic, and changes to Google algorithms can sharply reduce visitors. Digital advertising pricing, including RPM, is sensitive to macroeconomic conditions.
Trends
- Search engine algorithm changesheadwind
Updates in late 2025 reduced external traffic, and the company says optimization and AI-driven tools could stabilize its audience if they work as intended.
- Artificial intelligence in content productionmixed
The company sees AI as a way to lower production costs and build B2B services, but generative technologies can also reproduce its content without authorization.
- Debt refinancingtailwind
Extending the debt maturity by three years with the current lender could reduce near-term refinancing risk if the financial structure holds.
- Pressure on advertising pricesheadwind
The company reported lower RPM in the first half of 2026, reflecting softer advertising yields across digital media.
Competitive position
Competitors include niche digital publishers such as Vice and BuzzFeed, large media companies such as Fortune, CNN and ESPN, and social platforms such as YouTube and Facebook, which compete for advertising budgets and creators.
The company also benchmarks itself against diversified digital holding companies such as People Inc. and Ziff Davis, although it does not view them as direct competitors. Its stated advantage lies in its unified technology and proprietary audience data.
- Vice
Niche content producer using social media, mobile and video to compete for advertising dollars.
- BuzzFeed
Niche digital publisher competing for advertising and audience attention.
- Ziff Davis
Diversified digital holding company used by the company as a benchmark, not a direct rival.
- YouTube
Platform open to creators that competes for advertising dollars and publishers.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report18 Sept 2026Other events · Financial statements and exhibits
- Current report18 Sept 2026Regulation FD disclosure · Financial statements and exhibits
- Current report10 Sept 2026Amendments to articles or bylaws · Regulation FD disclosure · Financial statements and exhibits
- Current report13 Aug 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report10 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report10 Aug 2026Results of operations · Financial statements and exhibits
- Quarterly report10 Aug 2026
- Current report11 May 2026Results of operations · Financial statements and exhibits
- Quarterly report11 May 2026
- Current report17 Mar 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Paradium.AI, Inc. · 16 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Paradium.AI, Inc. · 10 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Paradium.AI, Inc. · 10 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.