Mediaco Holding Inc.

Listed Company

MDIACIK 0001784254NasdaqNon-AcceleratedSmaller ReportingRadio Broadcasting StationsIndianaFY ends Dec 31

Period

FY 2025

Revenue

$133.34M

Net Income

$-66.22M

Total Assets

—

Equity

—

Shares Out

—

Op. Cash Flow

$1.97M

Business

Mediaco Holding Inc. is an owned-and-operated multi-media company that operates radio, television and digital media properties focused on multicultural audiences. It offers advertising-supported radio and television programming, digital video and audio content, streaming FAST channels and event production, plus related advertising, sponsorship, licensing and syndication services. The company reports two business segments—Audio and Video—organizing operations by the type of content and services provided. It distributes content across U.S. markets via terrestrial radio and TV stations, network affiliations, apps, FAST platforms, MVPDs and digital partners.

Summary from filing dated 2025-04-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
NET REVENUES	133	96	32	39	42
Operating expenses excluding depreciation and amortization expense	144	107	33	33	—
Corporate expenses	7	12	5	6	8
Depreciation and amortization	7	5	568,000	666,000	688,000
Loss on disposal of assets	144,000	10,000	526,000	5,000	0
Total operating expenses	158	124	39	40	—
OPERATING LOSS	−25	−28	−7	−1	4
Interest expense, net	−15	−11	—	—	—
Change in fair value of warrant shares liability	−6	38	0	—	—
Impairment of goodwill and intangibles	−23	0	—	—	—
Other income, net	4	1,000	100,000	125,000	0
Total other income (expense)	−41	27	−326,000	−8	−8
LOSS BEFORE INCOME TAXES	−65	−982,000	−7	−9	−4
PROVISION FOR INCOME TAXES	895,000	320,000	308,000	336,000	348,000
CONSOLIDATED NET LOSS	−66	−1	−8	—	—
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	475,000	3	0	—	—
PREFERRED STOCK DIVIDENDS	0	851,000	2	3	3
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	−67	−5	−10	28	−9
Net loss per share attributable to common shareholders - basic (in dollars per share)	−0.84	−0.08	−0.4	2.06	−1.22
Net loss per share attributable to common shareholders - diluted (in dollars per share)	−0.84	−0.08	−0.4	2.06	−1.22
Weighted average number of shares outstanding, basic (in shares)	79	60	25	13	7
Weighted average number of shares outstanding, diluted (in shares)	79	60	25	13	7

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-01-31	FY 2022 2022-12-31
Cash and cash equivalents	5	4	4	—	11
Accounts receivable, net of allowance for credit losses of $1,671 and $1,079, respectively	33	31	7	—	9
Current programming rights	655,000	3	0	—	—
Other current assets	3	1	2	—	—
Assets held for sale	427,000	0	0	—	1
Total current assets	42	39	14	—	24
Property and equipment, net	18	20	1	—	581,000
Goodwill	8	28	0	—	—
Intangible assets, net	173	179	—	—	—
Operating lease right of use assets	46	48	14	10	5
Other noncurrent assets	4	11	16	—	7
Total assets	291	326	95	—	97
Accounts payable and accrued expenses	52	35	3	—	4
Current maturities of long-term debt	10	0	6	—	0
Accrued salaries and commissions	5	1	539,000	—	875,000
Deferred revenue	10	11	557,000	—	825,000
Operating lease liabilities	7	6	1	—	2
Other current liabilities	3	2	29,000	—	35,000
Income taxes payable	5	2	65,000	—	3
Total current liabilities	91	57	12	—	11
LONG-TERM DEBT, NET OF CURRENT PORTION	63	70	0	—	6
WARRANT SHARES	0	32	0	—	—
SERIES B PREFERRED STOCK	41	36	0	—	—
OPERATING LEASE LIABILITIES, NET OF CURRENT	36	38	14	—	4
UNRECOGNIZED TAX LIABILITY	8	455,000	—	—	—
Other noncurrent liabilities	5	10	502,000	—	51,000
Total liabilities	245	243	29	—	23
COMMITMENTS AND CONTINGENCIES (NOTE 13)	—	—	—	—	—
Additional paid-in capital	140	90	60	—	60
Accumulated deficit	−95	−28	−23	—	−13
Total equity	46	62	37	—	—
Noncontrolling interests	0	20	0	—	—
Total equity and noncontrolling interests	46	83	37	—	47
Total liabilities and equity and noncontrolling interests	291	326	95	—	97

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of debt discount	776,000	355,000	0	610,000	636,000
Amortization of fair value debt adjustments	2	1	0	—	—
Noncash interest expense	6	5	508,000	1	4
Noncash lease expense	3	1	—	2	2
Provision for bad debts	2	683,000	282,000	2,000	71,000
Provision for deferred income taxes	158,000	160,000	272,000	336,000	—
Other noncash items	164,000	330,000	342,000	53,000	42,000
Accounts receivable	−5	−8	2	4	−5
Prepaid expenses and other current assets	1	4	−162,000	576,000	−523,000
Other assets	5	2	0	0	−784,000
Accounts payable and accrued liabilities	20	7	−2	1	444,000
Deferred revenue	−1	821,000	−268,000	−472,000	602,000
Operating lease liabilities	−2	320,000	−238,000	−2	−3
Income taxes	2	−39,000	−3	0	—
Other liabilities	−2	−672,000	−219,000	678,000	421,000
Net cash provided by (used in) operating activities	2	−20	−5	2	3
Purchases of property and equipment	−774,000	−1	−1	−76,000	−366,000
Purchases of internally-created software	0	−150,000	−597,000	−1	0
Cash paid in acquisitions, net of cash acquired	0	−13	0	—	—
Proceeds from sale of property and equipment	0	100,000	0	79	0
Net cash used in investing activities	−774,000	−14	−2	77	−1
Payments on long-term debt	0	−7	0	−69	−3
Proceeds from long-term debt	0	44	0	0	4
Proceeds of class A common stock issuances	8,000	71,000	0	0	342,000
Repurchases of class A common stock	0	−7,000	−771,000	−222,000	0
Payments for debt related costs	−400,000	−2	0	0	−354,000
Finance lease principal payments	−488,000	−267,000	0	—	—
Settlement of tax withholding obligations	−154,000	−359,000	−440,000	−1	—
Net cash (used in) provided by financing activities	−1	34	−1	−70	267,000
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	162,000	−138,000	−8	9	2
Interest	6	4	0	6	6
Noncash deferred revenue for capital expenditures	123,000	0	—	—	—

Filings

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