Mediaco Holding Inc (OQ:MDIA)
Business Focus: Radio Broadcasting
| Sector: Consumer Cyclicals | Industry: Broadcasting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 395 Hudson St, Floor 7, Suite 700 NEW YORK NY 10014 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Kudjo Sogadzi President | Jacqueline Hernandez Interim Chief Executive Officer, Director | Ann C. Beemish Chief Financial Officer, Executive Vice President, Treasurer |
| Business Overview |
| MediaCo Holding Inc. is a multi-media company. The Company is focused on radio and digital advertising, premium programming, and events. The Company's assets consist of two radio stations, WQHT (FM) and WBLS (FM), which serve the New York City demographic market area that primarily targets Black, Hispanic, and multi-cultural consumers. The Company is primarily engaged in radio and digital advertising sales. It is also engaged in events, including sponsorships and ticket sales, licensing, and syndication. The Company is also focused on network, content, digital, and commercial operations. The Company is also engaged in the EstrellaTV network and the linear and digital video content business. It also owns digital channels, such as EstrellaTV, Estrella News, Cine EstrellaTV, and Estrella Games, and the EstrellaTV app. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Mediaco Holding Inc revenues decreased 16% to $32.4M. Net loss applicable to common stockholders excluding extraordinary items decreased 25% to $9.8M. Revenues reflect Radio Advertising segment decrease of 28% to $18.7M, Other segment decrease of 55% to $1.9M. Lower net loss reflects Interest expense decrease of 94% to $426K (expense). |
| Employees: | 116 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $114.08M as of Dec 31, 2023 |
| Annual revenue (TTM): | $32.39M as of Dec 31, 2023 |
| EBITDA (TTM): | -$5.69M as of Dec 31, 2023 |
| Net annual income (TTM): | -$9.84M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$6.38M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2.64M as of Dec 31, 2023 |
| Shares outstanding: | 26,007,678 as of Mar 21, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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