Quarterly ResultMay 18, 2026, 03:06 PM
Mediaco Q1 Revenue $31.4M, up 12%; Net Loss $9.4M
AI Summary
Mediaco Holding Inc. reported its first quarter 2026 financial results, with Net Revenue increasing 12% to $31.4 million. Despite the revenue growth, the company's Net Loss widened by 9% to $9.4 million, and Adjusted EBITDA significantly decreased by 85.6% to $0.2 million, primarily due to higher digital expenses, loss on asset disposal, and increased interest costs. The company highlighted strong digital performance, with digital revenue accounting for 49.5% of advertising sales, and announced strategic initiatives including an investment in Sigma Audio Networks LLC and the launch of the InterWave digital audio network.
Key Highlights
- Net Revenue increased 12% to $31.4 million for Q1 2026.
- Net Loss grew 9% to $9.4 million for Q1 2026.
- Adjusted EBITDA decreased 85.6% to $0.2 million.
- Digital revenue surged to 49.5% of advertising sales.
- Acquired an investment in Sigma Audio Networks LLC on January 1, 2026.
- EstrellaTV delivered a +38% year-over-year increase in P18-49 prime time audience.
- Committed to fund up to $1.0 million in Sigma, with $0.3 million contributed as of March 31, 2026.
- Launched InterWave, a new digital audio network reaching over 210 million monthly unique listeners.
Price Impact
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