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10-K2026-03-31· grok-4-1-fast-non-reasoning

MDIA · MediaCo Holding Inc.

0001784254-26-000009

SEC filing

Summary

MediaCo Holding Inc. reported $133.3M revenue alongside -$24.8M operating loss and -$66.2M net loss in FY2025, reflecting post-Estrellas integration challenges that drove costs higher while generating $1.2M free cash flow through disciplined working capital management.

Key takeaways

Full analysis

MediaCo Holding Inc. (MDIA) delivered FY2025 results showing revenue of $133.3M, operating income of -$24.8M (-18.6% margin), and net income of -$66.2M (-$0.84 diluted EPS), shaped by Estrella Acquisition dynamics. The acquisition drove the decrease in consolidated net loss per filing disclosures, enabling full-year revenue consolidation while integration efforts contributed to cost pressures, including increased losses on disposal of certain fixed assets versus minimal 2024 activity.

Strategic responses position the company to address near-term obligations, with readiness for additional cost-cutting, refinancing pursuits, and capital raises to cover debt service and working capital needs. Regulatory context from FCC oversight on station operations, frequencies, and ownership restrictions—including expanded prohibitions on top-four network affiliations—frames operational decisions. FCC license renewals are viewed as ongoing, supporting indefinite lives for these assets. Restructuring carries risks of unintended business impacts, tempering expectations for cost savings realization.