Mediaco Holding Inc. Reports 19% Revenue Growth to $31.2 Million in Latest Quarter

Mediaco Holding Inc. reported significant financial performance improvements in its latest 10-Q filing for the quarter ending June 30, 2025. The company achieved net revenues of $31.2 million, a 19% increase from $26.2 million in the same period last year. For the first half of 2025, revenues surged to $59.3 million, up 80% from $32.9 million in the prior year. Despite these gains, the company recorded an operating loss of $6.8 million for the quarter, although this was a notable reduction from a loss of $13.3 million in the previous year. The net loss for the quarter was $8.8 million, down from $48.3 million a year earlier, reflecting a substantial improvement in profitability metrics.

The financial results were bolstered by the acquisition of Estrella Broadcasting in April 2024, which expanded Mediaco's operational footprint in the audio and video segments. The integration of Estrella's assets contributed to increased revenues, particularly in digital advertising and event sponsorships. The Audio Segment reported revenues of $15.2 million, while the Video Segment generated $16.0 million, marking a significant increase from the previous year. Operating expenses for the quarter were $34.8 million, slightly higher than the $34.6 million reported in the same quarter last year, primarily due to the costs associated with the newly acquired assets.

Operationally, Mediaco's total assets decreased to $315.2 million as of June 30, 2025, down from $325.5 million at the end of 2024. The company reported a cash balance of $2.9 million, a decline from $4.4 million at the end of the previous year. The increase in current liabilities, which rose to $70.1 million from $57.3 million, was driven by higher accounts payable and accrued expenses. The company’s employee headcount has also increased, reflecting its expansion efforts following the Estrella acquisition.

Looking ahead, Mediaco's management expressed optimism about future growth, citing the potential for increased market share and revenue generation from the expanded portfolio of assets. The company plans to leverage its enhanced digital capabilities and audience engagement strategies to drive advertising sales. However, challenges remain, including navigating the competitive landscape of traditional and digital media, as well as managing the impacts of rising interest rates on its financing costs. The company is focused on improving its operational efficiency and financial performance as it integrates Estrella's operations into its business model.