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].

Core Insights - MediaCo Holding Inc. is expanding its iconic HOT 97 and WBLS brands to Dot 2 audio platforms in major U.S. cities including Los Angeles, Riverside, Dallas, and Houston, enhancing its multicultural audience reach [1][2][3] Expansion Details - The new Dot 2 audio channels will launch on December 1, 2025, providing 24/7 access to Hip Hop, R&B, and Urban culture content, including exclusive interviews and live performances [2][3] - This expansion aims to deepen connections with audiences that have historically influenced urban music and culture [2] Company Overview - MediaCo Holding Inc. is a diverse-owned, multi-platform media company that reaches over 20 million people monthly through various channels including television, radio, and digital platforms [4] - The company is headquartered in New York and employs approximately 330 people [6][9]

Core Insights - MediaCo Holding Inc. announced that EstrellaTV achieved historic ratings momentum, marking its largest year-over-year monthly percentage gain among Adults 18-49 since Nielsen measurement began in March 2010 [1] Company Performance - EstrellaTV closed out October 2025 with significant ratings growth, indicating a strong performance in the competitive landscape of multicultural media [1] Industry Context - The results reflect MediaCo's commitment to investing in content that resonates with diverse and cross-cultural Hispanic audiences, highlighting the importance of targeted programming in the media industry [1]

Core Insights - MediaCo Holding Inc. announced that its flagship hip hop station, WQHT-FM (HOT 97), achieved its highest monthly audience levels in history among Adults 18-49 during radio prime in September 2025 [1] Audience Performance - The record audience levels were specifically noted for the time slot of Monday to Friday, 6am to 7pm [1] - The ratings reflect the energy, creativity, and authenticity that define HOT 97, according to the Assistant Program Director [1]

Core Insights - MediaCo Holding Inc. announced that its flagship hip hop station, WQHT-FM (HOT 97), achieved record audience levels among Adults 18-49 in September 2025, ranking 3 in total day ratings [1][2]. Audience Performance - HOT 97 delivered a record 17,300 Adult 18-49 listeners per quarter-hour, representing a +68% increase compared to September 2024, and improved its market rank from 9 to 4 among 27 reportable stations in New York [2]. - The station's performance was strong across all major weekday dayparts, with notable increases in weekend performance as well [3]. - During the morning drive (6a–10a), HOT 97 had 17,000 Adult 18-49 listeners per quarter-hour, a +55% year-over-year increase [6]. - The daytime (10a–3p) segment saw a +66% increase year-over-year, marking three consecutive months of strong midday audiences [6]. - In the afternoon drive (3p–7p), HOT 97 ranked 3 with 20,800 Adult 18-49 quarter-hour listeners, an increase of +82% from September 2024 [6]. Cultural Impact - The record-breaking performance of HOT 97 underscores its continued cultural influence and connection with audiences, as stated by company executives [4].