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Highlights

  • Digital revenue surged 345% year-over-year, reaching 33% of total revenue.
  • Adjusted EBITDA rose USD 7.4 million to USD 2.9 million.
  • Net loss improved by USD 34.6 million to USD 17.4 million.

MediaCo Holding Inc. (NASDAQ: MDIA) has reported record first-half 2025 financial results, with net revenue reaching USD 59.3 million, an increase of USD 26.4 million or 80% from the prior-year period. The growth was largely driven by contributions from newly acquired audio and video segment assets through the April 2024 Estrella Media acquisition.

The company’s digital advertising revenue experienced a 345% increase year-over-year, accounting for 33% of total revenue for the first half of 2025. MediaCo attributed this growth to expanded audience engagement, particularly among multicultural audiences, and the integration of Estrella’s broadcast and digital platforms.

Net loss for the first half narrowed to USD 17.4 million, an improvement of USD 34.6 million compared to the same period in 2024. The improvement was primarily due to higher revenue and lower corporate costs following the Estrella acquisition. These gains were partially offset by higher operating expenses, depreciation, and amortization tied to the acquisition, as well as the absence of a prior-year fair value adjustment related to warrant share liabilities. Net loss margin improved to (29)% from (158)% in the prior-year period.

Adjusted EBITDA for the first half stood at USD 2.9 million, an increase of USD 7.4 million from the prior year. The Adjusted EBITDA margin improved to 5% from a negative margin in 2024, reflecting higher revenue and more efficient operational management.

CEO and President Albert Rodriguez noted that the company achieved a 19% year-over-year revenue increase in the latest quarter and maintained audience growth momentum. EstrellaTV was the only Spanish-language broadcast network to post year-over-year prime-time growth for the full quarter, driven by consistent programming performance.

CFO and Treasurer Debra DeFelice highlighted that disciplined expense management, combined with record-breaking digital performance and advertising revenue growth, supported the improved financial performance. She emphasized that the successful integration of Estrella Media assets has enabled synergy realization across multiple markets and platforms.

Looking ahead, MediaCo intends to maintain its focus on operating performance, cash flow enhancement, and expansion of its digital offerings. Management stated that these efforts are designed to position the company to benefit from additional revenue opportunities in the second half of 2025.