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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and PLAYSTUDIOS, Inc. (MYPS). Click either name above to swap in a different company.
PLAYSTUDIOS, Inc. is the larger business by last-quarter revenue ($55.4M vs $28.2M, roughly 2.0× Arena Group Holdings, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -24.7%, a 43.6% gap on every dollar of revenue. On growth, PLAYSTUDIOS, Inc. posted the faster year-over-year revenue change (-18.3% vs -22.0%). Over the past eight quarters, Arena Group Holdings, Inc.'s revenue compounded faster (-1.2% CAGR vs -15.6%).
Arena Racing Company, also called ARC Racing and Leisure Group is a UK private company, created in 2012 by the merger of Arena Leisure and Northern Racing. It owns and operates 16 racecourses in Great Britain, accounting for 39% of British racing fixtures. It also operates hotels at Wolverhampton Racecourse, Lingfield Park Racecourse and Doncaster Racecourse and golf courses at Lingfield, Southwell and Newcastle.
PLAYSTUDIOS, Inc. develops and publishes free-to-play social and casual casino games for mobile, desktop and social platforms. It operates a loyalty rewards program that lets players redeem in-game achievements for real-world benefits including travel, dining and event tickets, serving markets across North America, Europe and Asia Pacific.
AREN vs MYPS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $55.4M |
| Net Profit | $5.3M | $-13.7M |
| Gross Margin | 43.6% | — |
| Operating Margin | 26.6% | -17.7% |
| Net Margin | 18.9% | -24.7% |
| Revenue YoY | -22.0% | -18.3% |
| Net Profit YoY | -22.5% | 38.9% |
| EPS (diluted) | $0.12 | $-0.12 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $28.2M | $55.4M | ||
| Q3 25 | $29.8M | $57.6M | ||
| Q2 25 | $45.0M | $59.3M | ||
| Q1 25 | $31.8M | $62.7M | ||
| Q4 24 | $36.2M | $67.8M | ||
| Q3 24 | $33.6M | $71.2M | ||
| Q2 24 | $27.2M | $72.6M | ||
| Q1 24 | $28.9M | $77.8M |
| Q4 25 | $5.3M | $-13.7M | ||
| Q3 25 | $6.9M | $-9.1M | ||
| Q2 25 | $108.6M | $-2.9M | ||
| Q1 25 | $4.0M | $-2.9M | ||
| Q4 24 | $6.9M | $-22.4M | ||
| Q3 24 | $4.0M | $-3.1M | ||
| Q2 24 | $-8.2M | $-2.6M | ||
| Q1 24 | $-103.4M | $-567.0K |
| Q4 25 | 43.6% | — | ||
| Q3 25 | 50.2% | — | ||
| Q2 25 | 56.5% | — | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 52.6% | — | ||
| Q3 24 | 50.6% | — | ||
| Q2 24 | 39.4% | — | ||
| Q1 24 | 30.9% | — |
| Q4 25 | 26.6% | -17.7% | ||
| Q3 25 | 31.9% | -13.6% | ||
| Q2 25 | 36.5% | -5.9% | ||
| Q1 25 | 23.1% | -4.4% | ||
| Q4 24 | 28.6% | -33.1% | ||
| Q3 24 | 24.0% | -6.7% | ||
| Q2 24 | -9.5% | -5.5% | ||
| Q1 24 | -27.5% | -2.2% |
| Q4 25 | 18.9% | -24.7% | ||
| Q3 25 | 23.1% | -15.8% | ||
| Q2 25 | 241.4% | -5.0% | ||
| Q1 25 | 12.6% | -4.6% | ||
| Q4 24 | 19.0% | -33.1% | ||
| Q3 24 | 11.8% | -4.3% | ||
| Q2 24 | -30.1% | -3.6% | ||
| Q1 24 | -357.1% | -0.7% |
| Q4 25 | $0.12 | $-0.12 | ||
| Q3 25 | $0.14 | $-0.07 | ||
| Q2 25 | $2.28 | $-0.02 | ||
| Q1 25 | $0.08 | $-0.02 | ||
| Q4 24 | $1.23 | $-0.18 | ||
| Q3 24 | $0.11 | $-0.02 | ||
| Q2 24 | $-0.28 | $-0.02 | ||
| Q1 24 | $-3.91 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.3M | $104.9M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $227.9M |
| Total Assets | $112.6M | $290.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $104.9M | ||
| Q3 25 | $12.5M | $106.3M | ||
| Q2 25 | $6.8M | $112.9M | ||
| Q1 25 | $2.9M | $107.1M | ||
| Q4 24 | $4.4M | $109.2M | ||
| Q3 24 | $5.8M | $105.2M | ||
| Q2 24 | $6.1M | $106.3M | ||
| Q1 24 | $4.0M | $127.0M |
| Q4 25 | $97.6M | — | ||
| Q3 25 | $110.5M | — | ||
| Q2 25 | $110.5M | — | ||
| Q1 25 | $110.5M | — | ||
| Q4 24 | $110.4M | — | ||
| Q3 24 | $102.4M | — | ||
| Q2 24 | $102.4M | — | ||
| Q1 24 | $102.3M | — |
| Q4 25 | $-4.8M | $227.9M | ||
| Q3 25 | $-10.4M | $238.9M | ||
| Q2 25 | $-17.3M | $245.3M | ||
| Q1 25 | $-126.1M | $244.1M | ||
| Q4 24 | $-130.3M | $244.7M | ||
| Q3 24 | $-137.5M | $265.2M | ||
| Q2 24 | $-157.2M | $263.6M | ||
| Q1 24 | $-149.6M | $288.4M |
| Q4 25 | $112.6M | $290.6M | ||
| Q3 25 | $121.4M | $299.2M | ||
| Q2 25 | $127.8M | $316.2M | ||
| Q1 25 | $114.6M | $313.8M | ||
| Q4 24 | $116.4M | $323.0M | ||
| Q3 24 | $114.2M | $330.6M | ||
| Q2 24 | $113.4M | $333.4M | ||
| Q1 24 | $120.3M | $357.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $13.1M | $3.7M |
| Free Cash FlowOCF − Capex | — | $3.6M |
| FCF MarginFCF / Revenue | — | 6.5% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $3.7M | ||
| Q3 25 | $12.2M | $5.7M | ||
| Q2 25 | $10.3M | $13.6M | ||
| Q1 25 | $3.7M | $3.3M | ||
| Q4 24 | $-8.6M | $11.6M | ||
| Q3 24 | $-2.3M | $14.6M | ||
| Q2 24 | $-3.2M | $14.5M | ||
| Q1 24 | $-2.0M | $5.0M |
| Q4 25 | — | $3.6M | ||
| Q3 25 | — | $5.4M | ||
| Q2 25 | — | $13.2M | ||
| Q1 25 | — | $3.2M | ||
| Q4 24 | — | $11.5M | ||
| Q3 24 | $-2.4M | $13.9M | ||
| Q2 24 | — | $12.8M | ||
| Q1 24 | — | $3.6M |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 22.3% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | -7.1% | 19.6% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 4.6% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | 0.0% | 0.5% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | 2.46× | — | ||
| Q3 25 | 1.77× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | -1.25× | — | ||
| Q3 24 | -0.59× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
