ATLANTA--(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA), today announced the launch of HOT 97 News, a daily live national TV show created at the intersection of journalism, hip-hop, conversation, and culture. HOT 97 is entering the news space for the first time with a bold new format in January 2026. HOT 97, the legendary hip-hop brand born in New York City and synonymous with culture-shifting conversations, is expanding its voice beyond radio to redefine how news is delivered across Amer. ...

NEW YORK--(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA), today announced the newest addition to the rapidly growing Don Cheto Network: KZOM-FM 96.5 in Phoenix, Arizona. Owned by Orozco Broadcasting, the station officially launched Don Cheto programming on December 15th, bringing one of the nation's most beloved and influential Spanish-language entertainment brands to one of the fastest-growing Latino markets in the country. The partnership further strengthens Don Cheto's presence across. ...

NEW YORK--(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA) today announced a partnership with Katz Television Group, a division of Katz Media Group, the nation's largest and most established media sales organization. Katz will serve as national media sales representative for MediaCo's owned-and- operated EstrellaTV stations, exclusive for political advertising and preferred for Direct Response (DR) and Paid advertising sales across the portfolio. The agreement comes as EstrellaTV posts the. ...

Core Insights - MediaCo Holding Inc. reported a significant prime-time performance for EstrellaTV, attributed to the coverage of the Liga MX Finals between Tigres and Toluca [1] - The match achieved EstrellaTV's largest P2+ prime-time audience of 2025, averaging 185.4 thousand viewers [1] - EstrellaTV also recorded its second-highest Thursday performance among the P18-49 and P25-54 demographics [1]

Core Insights - MediaCo Holding Inc. announced a significant ratings milestone for EstrellaTV, achieving the highest year-over-year prime-time growth in the network's history [1] - EstrellaTV experienced a remarkable +92% increase in November P18–49 prime-time delivery, establishing itself as one of the fastest-growing Spanish-language broadcasters in the U.S. [1] - The record-breaking performance was driven by strong momentum across the entire programming lineup and notable gains from key tentpole franchises [1]

Core Viewpoint - EstrellaTV, a multiplatform Spanish-language network owned by MediaCo Holding Inc., is set to broadcast the Liga MX Finals featuring Tigres and Toluca, providing fans with free access to the event across its platforms [1] Group 1 - EstrellaTV will air the Liga MX Finals live, showcasing a full night of championship coverage including pre-game, the match, and post-game analysis [1] - The event will be available for viewing on both broadcast and streaming platforms, emphasizing the network's commitment to accessibility for fans [1]

Group 1 - MediaCo Holding Inc. has announced record-setting audience performance across its broadcast television and radio divisions [1] - EstrellaTV, MediaCo's national broadcast television network, is ranked 1 among all broadcast TV networks in P18–49 prime-time growth this season [1] - EstrellaTV has delivered an impressive +65% year-over-year increase in audience growth [1]

Core Insights - MediaCo Holding Inc. reported a year-to-date Net Revenue of $94.7 million, reflecting an increase of $31.9 million or 51% compared to the previous year, primarily driven by new assets from the Audio and Video segment following the Estrella Acquisition in April 2024 [1] - The company experienced a year-to-date Net Loss of $33.9 million, a significant decline from a Net Income of $2.9 million in the prior year, mainly attributed to changes in the fair value of warrant shares liability [1]

Core Insights - MediaCo Holding Inc. has appointed Albert Rodriguez to its Board of Directors, recognizing his contributions and alignment with the company's growth strategy [1][2] - Rodriguez has over 25 years of experience in the media industry and previously served as Chief Revenue Officer at MediaCo [2] - MediaCo is focused on serving multicultural audiences across the U.S. through its diverse media platforms [3] Company Overview - MediaCo Holding Inc. operates as a multi-platform media company, reaching over 20 million people monthly through brands like Hot 97 and WBLS [3] - The company emphasizes innovative and culturally relevant content across music, news, and entertainment [3] - MediaCo's headquarters is located in New York, and it employs approximately 330 people [5] Recent Developments - MediaCo reported a year-to-date net revenue of $94.7 million for the third quarter ended September 30, 2025, marking a 51% increase from the previous year [5] - The increase in revenue is attributed to new assets from the April 2024 Estrella Acquisition [5] - The company also announced record audience growth for EstrellaTV in October 2025, achieving its largest monthly prime-time gain among Adults 18-49 since Nielsen measurement began in March 2010 [7]

Revenue Performance - Net revenues for the three months ended September 30, 2025, increased by $5.5 million, or 19%, to $35.4 million compared to $29.9 million for the same period in 2024[154]. - Net revenues for the nine months ended September 30, 2025, increased by $31.9 million, or 51%, to $94.7 million compared to $62.8 million for the same period in 2024[154]. - Net revenues for the three months ended September 30, 2025, increased by 19% to $35,398,000 compared to $29,859,000 in 2024, driven primarily by increased Digital revenue[157]. - The Audio Segment reported net revenues of $13,550,000 for the three months ended September 30, 2025, down from $16,751,000 in 2024, primarily due to a decrease in Spot revenue[172]. - The Video Segment's net revenues increased by 66% to $21,848,000 for the three months ended September 30, 2025, compared to $13,108,000 in 2024, driven by growth in digital revenue[174]. Operating Loss and Expenses - Operating loss for the three months ended September 30, 2025, increased by $0.2 million, or 3%, to $7.1 million compared to $6.9 million for the same period in 2024[154]. - Operating loss for the nine months ended September 30, 2025, decreased by $5.1 million, or 22%, to $18.6 million compared to $23.7 million for the same period in 2024[154]. - Total operating expenses for the three months ended September 30, 2025, were $42.5 million, representing 111% of net revenues[156]. - Operating expenses for the three months ended September 30, 2025, rose by 16% to $42,489,000 from $36,732,000 in 2024, mainly due to higher digital platform costs[159]. - Corporate expenses decreased by 42% to $1,341,000 for the three months ended September 30, 2025, compared to $2,319,000 in 2024, primarily due to lower professional service fees[161]. Net Loss - Net loss for the three months ended September 30, 2025, increased by $72.8 million, or 133%, to $17.9 million compared to net income of $54.9 million for the same period in 2024[154]. - Net loss for the nine months ended September 30, 2025, decreased by $36.8 million, or 1252%, to $33.9 million compared to net income of $2.9 million for the same period in 2024[154]. - The net loss for the three months ended September 30, 2025, was $17,891,000, a decrease from a net income of $54,926,000 in 2024, reflecting the impact of the Estrella Acquisition[171]. Cash Flow and Liquidity - Cash flows provided by operating activities increased by $32.7 million, or 106%, to $1.9 million for the nine months ended September 30, 2025, compared to cash flows used in operating activities of $30.7 million for the same period in 2024[154]. - Cash flows provided by operating activities were $1.9 million for the nine months ended September 30, 2025, a significant improvement from cash flows used of $30.7 million for the same period in 2024[183]. - Cash flows used in investing activities were $0.3 million for the nine months ended September 30, 2025, down from $7.6 million in the same period in 2024, which included costs related to the Estrella acquisition and capital expenditures for a new digital platform[185]. - Cash flows used in financing activities were $0.4 million for the nine months ended September 30, 2025, compared to $41.4 million provided by financing activities in the same period in 2024, which was primarily from the First Lien Term Loan[186]. - The company is actively managing liquidity by optimizing working capital and controlling expenses, resulting in reduced cash burn for the period[181]. Financial Position and Management - As of September 30, 2025, the company had cash, cash equivalents, and restricted cash of $8.2 million, with negative working capital of $43.3 million, an increase from negative working capital of $18.0 million at December 31, 2024[180]. - The increase in negative working capital was driven by the cancellation of certain programming rights contracts and increased accounts payable and accrued expenses[180]. - The company maintains a positive equity position despite net losses, indicating a focus on long-term financial health[181]. - Cash flows from operating activities increased mainly due to higher accounts payable, indicating improved cash management practices[183]. - Management plans to refinance $5.0 million in Delayed Draw Term Loans due in May 2026 and July 2026, using cash flow from operations or additional investments[182]. - The company continues to evaluate potential acquisitions to leverage strengths and support long-term growth, while managing liquidity prudently[182]. Adjusted EBITDA - Adjusted EBITDA for the three months ended September 30, 2025, was $2.1 million, increasing 1971% compared to $(0.1) million for the same period in 2024[155]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $5.0 million, increasing 209% compared to $(4.6) million for the same period in 2024[155]. - Adjusted EBITDA for the three months ended September 30, 2025, was $2,095,000, compared to a loss of $112,000 in 2024, indicating improved operational performance[178]. Interest and Tax Expenses - Interest expense increased by 20% to $3,931,000 for the three months ended September 30, 2025, due to additional long-term debt related to the Estrella Acquisition[166]. - The provision for income taxes decreased by 18% to $282,000 for the three months ended September 30, 2025, compared to $342,000 in 2024, due to changes in the deferred tax liability[169]. - Depreciation and amortization expense decreased slightly to $1,684,000 for the three months ended September 30, 2025, from $1,741,000 in 2024, as certain assets became fully depreciated[162].