Mediaco Holding Inc. MDIA
MediaCo Holding Inc. ("MediaCo" or the "Company") is an owned and operated multi-media company formed in Indiana in 2019, focused on radio, television, digital advertising, premium programming and events.
On April 17, 2024, MediaCo Holding Inc. and its wholly-owned subsidiary MediaCo Operations LLC, a Delaware limited liability company ("Purchaser"), entered into an asset purchase agreement (the "Asset Purchase Agreement") with Estrella Broadcasting, Inc., a Delaware corporation ("Estrella"), and SLF LBI Aggregator, LLC, a Delaware limited liability company ("Aggregator") and affiliate of HPS Investment Partners, LLC ("HPS"), pursuant to which Purchaser purchased substantially all of the assets of Estrella and its subsidiaries (other than certain broadcast assets owned by Estrella and its subsidiaries (the "Estrella Broadcast Assets")) (the "Purchased Assets"), and assumed substantially all of the liabilities (the "Assumed Liabilities") of Estrella and its subsidiaries (such transactions, collectively, the "Estrella Acquisition"). MediaCo Operations LLC operates the Purchased Assets under the trade name Estrella MediaCo. Subsequently, on May 1, 2025, the parties entered into an equity purchase agreement that modified the structure and certain terms of the original Asset Purchase Agreement. On May 1, 2025, the Put Right was exercised by Estrella Media, Inc. and MediaCo acquired 100% of the equity interests of Estrella and certain subsidiaries of Estrella. As a result of the exercise of the Put Right, Estrella became a wholly owned subsidiary of the Company. See Note 1 — Summary Of Significant Accounting Policies.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Video
- Audio
| Segment | FY2025 | FY2024 |
|---|---|---|
| Video | $78.6M | $38.0M |
| Audio | $54.7M | $57.5M |
As the company reported it, from the “SEGMENT INFORMATION - Schedule of Results of Operations of Business Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $133.3M | $95.6M | $32.4M | $38.6M | $41.7M | $39.3M | $45.8M | $43.1M | — |
| Total operating expenses | $158.1M | $123.8M | $39.2M | $40.0M | $37.8M | $41.0M | $41.3M | $35.2M | — |
| Operating income | -$24.8M | -$28.2M | -$6.8M | -$1.4M | $3.9M | -$1.7M | $4.6M | $7.9M | — |
| Interest expense | $15.5M | $11.1M | $426.0K | $7.0M | $7.7M | $9.5M | $821.0K | — | — |
| Pre-tax income | -$65.3M | -$982.0K | -$7.1M | -$9.5M | -$3.9M | -$11.2M | $3.8M | $7.9M | — |
| Income tax | $895.0K | $320.0K | $308.0K | $336.0K | $348.0K | $15.6M | $1.6M | $2.5M | — |
| Net income | -$66.2M | -$1.3M | -$7.6M | $30.9M | -$6.1M | -$26.8M | $2.1M | $5.4M | — |
| EPS, basic | -0.84 | -0.08 | -0.40 | 2.06 | -1.22 | — | — | — | — |
| EPS, diluted | -0.84 | -0.08 | -0.40 | 2.06 | -1.22 | -4.07 | 0.91 | 3.22 | — |
| Shares, diluted (wtd. avg.) | 79.4M | 59.8M | 24.9M | 13.4M | 7.2M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.1M | $4.4M | $3.8M | $10.9M | $6.1M | $4.2M | $2.1M | $0 | $0 |
| Receivables | $33.3M | $30.7M | $6.7M | $8.6M | $12.2M | $8.5M | $11.1M | $7.9M | — |
| Total current assets | $42.1M | $39.3M | $13.9M | $24.4M | $21.6M | $15.2M | $16.1M | $9.8M | — |
| Property, plant and equipment | $17.6M | $20.3M | $1.4M | $581.0K | $1.2M | $27.6M | $31.6M | $2.4M | — |
| Goodwill | $8.4M | $28.3M | $0 | — | $13.1M | $13.1M | $11.4M | — | — |
| Other intangibles | $172.7M | $178.9M | $1.3M | $1.4M | $929.0K | $2.1M | — | — | — |
| Total assets | $291.1M | $325.5M | $95.5M | $96.7M | $148.3M | $146.4M | $167.2M | $83.1M | — |
| Accounts payable | $36.9M | $13.8M | $2.6M | $3.9M | $2.3M | $2.6M | $11.2M | $809.0K | — |
| Short-term debt | $10.0M | $0 | $6.5M | $0 | $2.8M | $1.8M | $3.7M | — | — |
| Total current liabilities | $91.1M | $57.3M | $11.7M | $11.1M | $14.0M | $10.8M | $20.8M | $3.9M | — |
| Long-term debt | $63.3M | $70.2M | $0 | $6.0M | $97.5M | $93.9M | $77.7M | — | — |
| Total liabilities | $244.7M | $243.0M | $29.3M | $23.4M | $137.8M | $133.1M | $127.3M | $5.7M | — |
| Retained earnings | -$94.8M | -$28.1M | -$23.1M | -$13.1M | -$40.7M | -$31.9M | -$3.0M | — | — |
| Total equity | $46.3M | $62.1M | $37.4M | $47.0M | -$16.6M | -$11.0M | $17.8M | $77.5M | $80.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.0M | -$19.9M | -$5.3M | $2.2M | $2.9M | -$9.6M | — | $8.7M | — |
| Depreciation and amortisation | $3.8M | $2.7M | $300.0K | $600.0K | $500.0K | $2.8M | — | $1.0M | — |
| Stock-based compensation | — | $328.0K | $1.7M | $2.5M | $3.4M | $129.0K | — | $281.0K | — |
| Capital expenditure | $774.0K | $1.1M | $1.1M | $76.0K | $366.0K | $409.0K | — | $190.0K | — |
| Investing cash flow | -$774.0K | -$14.2M | -$1.7M | $77.2M | -$1.3M | -$409.0K | — | -$190.0K | — |
| Financing cash flow | -$1.0M | $33.9M | -$1.2M | -$70.2M | $267.0K | $12.1M | — | -$8.5M | — |
| Buybacks | $0 | $7.0K | $771.0K | $222.0K | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001784254-26-000021.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $43.1M | $45.8M | $39.3M | $41.7M | $38.6M | $32.4M | $95.6M | $133.3M |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Net income | — | $5.4M | $2.1M | -$26.8M | -$6.1M | $30.9M | -$7.6M | -$1.3M | -$66.2M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Officer or director change Item 5.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Shareholder vote Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 4832
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|---|---|---|---|---|
| SIRI | SIRIUS XM HOLDINGS INC. | $9.31B | 12.4x | -1.6% |
| IHRT | iHeartMedia, Inc. | $294.9M | — | 0.3% |
| TSQ | Townsquare Media, Inc. | $68.2M | — | -5.2% |
| SGA | SAGA COMMUNICATIONS INC | $52.1M | — | -5.1% |
| UONEK | URBAN ONE, INC. | $16.6M | — | -16.7% |
| BBGI | BEASLEY BROADCAST GROUP INC | $13.8M | — | -14.3% |
| SPOT | Spotify Technology S.A. | — | — | — |
| TME | Tencent Music Entertainment Group | — | — | — |