Revenue growth is positive but profitability is deteriorating — operating expenses are growing faster than revenue and Adjusted EBITDA has nearly vanished. The prior quarter's massive impairment and the stock's history of post-earnings declines suggest continued downside risk. Monitor for further margin compression and any guidance updates in subsequent filings.
Price Chart
Executive Summary
MediaCo reported Q1 2026 revenue of $31.4M, up 12% YoY, driven by digital revenue growth to 49.5% of advertising sales. However, net loss widened to $9.4M from $8.6M, and Adjusted EBITDA fell 85.6% to $0.2M from $1.4M, as operating expenses grew 19% and a $0.8M loss on asset disposals weighed on results.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $31.4M, +12% YoY from $28.0M
- Net loss widened to $9.4M from $8.6M YoY
- Adjusted EBITDA collapsed 85.6% to $0.2M from $1.4M
- Operating expenses grew 19% to $38.9M, outpacing revenue growth
- Loss on disposal of assets surged to $0.8M from $0.1M
- Digital revenue reached 49.5% of advertising sales
- Prior Q4 2025 included $23.1M goodwill/intangibles impairment
Financial Impact
Revenue grew $3.4M YoY but net loss increased $0.8M and Adjusted EBITDA fell $1.2M
Risk Factors
- Continued expense growth outpacing revenue
- Further impairment charges on goodwill or FCC licenses
- Inability to convert digital revenue growth into profitability
- High leverage from Estrella acquisition debt
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001784254-26-000027 |
| Document: mdia-20260518.htm | 0001784254-26-000027 |
| Document: 0001784254-26-000027-index-headers.html | 0001784254-26-000027 |
| Document: 0001784254-26-000027-index.html | 0001784254-26-000027 |
| Document: 0001784254-26-000027.txt | 0001784254-26-000027 |
| 8-K Data (Synthetic) | 0001784254-26-000027 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 25d ago | 8-K | $1.07 | awaiting T+60 | — | $1.05 (−1.87%) |
Jul 21, 2026 13w ago | 8-K | $1.03 $1.03 | · 0.00% | ▼ −3.26% | $1.05 (+1.94%) |
Jun 26, 2026 17w ago | DEFA14A | $0.9158 $1.12 | ▲ +22.30% | ▲ +17.91% | $1.05 (+14.65%) |
May 18, 2026 23w ago | 8-K | $0.9500 $0.9520 | ▼ −0.21% | ▲ +4.64% | $1.05 (−10.53%) |
Mar 31, 2026 29w ago | 8-K | $0.7450 $0.9158 | ▼ −22.93% | ▼ −9.55% | $1.05 (−40.94%) |
US Market Status
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