Mediaco Holding Reports Q1 Net Loss $9.37M; Going Concern Doubt Raised

Mediaco Holding Inc. reported a net loss of $9.37 million for Q1 2026, an increase from $8.61 million in Q1 2025, despite net revenues growing by 12% to $31.39 million. The company disclosed substantial doubt about its ability to continue as a going concern due to near-term debt maturities, a working capital deficit, and liquidity constraints. During the quarter, Mediaco amended its First and Second Lien Credit Agreements, extending debt maturity and waiving certain covenant requirements, and recognized a $1.6 million gain from a lease remeasurement. Operating activities shifted from providing $2.06 million in cash in Q1 2025 to using $2.04 million in Q1 2026.