Arena Group Holdings (AMEX:AREN) reported quarterly losses of $(0.06) per share which missed the analyst consensus estimate of $0.10 by 160 percent. This is a 175 percent decrease over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $20.406 million which missed the analyst consensus estimate of $25.000 million by 18.38 percent. This is a 35.86 percent decrease over sales of $31.815 million the same period last year.