MediaCo Holding Inc. — Second Quarter 2026 Earnings Summary

Financial Performance

• Year-to-date net revenue was $65.4 million, a 10% increase from $59.3 million in the prior year.
• Second quarter net revenue was $33.969 million, up 9% from $31.245 million in the prior year.
• Year-to-date net loss was $18.0 million, compared to $16.0 million in the prior year.
• Second quarter net loss was $8.613 million, a 17% increase from $7.390 million in the prior year.
• Year-to-date net loss margin was (28%), compared to (27%) in the prior year.
• Second quarter net loss margin was (25%), compared to (24%) in the prior year.
• Year-to-date Adjusted EBITDA was $1.1 million, a 61% decrease from $2.9 million in the prior year.
• Second quarter Adjusted EBITDA was $0.942 million, a 38% decrease from $1.512 million in the prior year.
• Year-to-date operating expenses were $77.8 million, up 10% from $70.7 million in the prior year.
• Second quarter operating expenses were $38.9 million, up 2% from $38.0 million in the prior year.
• Year-to-date interest expense, net, was $8.0 million, up 5% from $7.6 million in the prior year.
• Second quarter interest expense, net, was $4.0 million, up 5% from $3.9 million in the prior year.
• Year-to-date loss on disposal of assets was $0.985 million, compared to $0.144 million in the prior year.
• Second quarter loss on disposal of assets was $0.233 million, compared to $0.005 million in the prior year.
• Year-to-date other income, net, was $4.2 million, up 89% from $2.2 million in the prior year.
• Second quarter other income, net, was $0.543 million, down 74% from $2.1 million in the prior year.

Business Segments and Product Lines

• Digital revenue accounted for 47% of advertising sales in the second quarter.
• EstrellaTV reported a +38% year-over-year increase in P18-49 prime time ratings for the first six months of 2026.
• EstrellaTV posted +22% P18-49 growth in March 2026, the only Spanish-language broadcast network to post growth that month.
• EstrellaTV achieved its fourth consecutive quarter of audience growth.
• EstrellaTV exceeded prior-year P18-49 delivery across nearly every daypart, including Weekday and Weekend Prime, Early Fringe, Weekday Daytime, Weekend Daytime, and Total Day.
• The company serves multicultural audiences across television, radio, digital, and FAST platforms.
• Key brands include EstrellaTV, Estrella News, Hot 97, WBLS, Que Buena Los Angeles, and the Don Cheto Radio Network.
• The company reaches over 20 million people monthly.

Management Commentary and Tone

• CEO Albert Rodriguez stated the company delivered 9% revenue growth in the second quarter, outpacing much of the industry.
• Management highlighted a cross-platform strategy as central to performance, with digital channels generating 47% of advertising revenue.
• Rodriguez cited a strong sales pipeline, culturally authentic programming, and an expanding distribution footprint as growth drivers.
• Management noted a focus on streamlining operations and building efficiency while implementing a companywide cost and expense reduction initiative.
• The company expressed confidence that "the future is very bright" as it positions itself to serve multicultural audiences.

Other Key Points

• The press release includes forward-looking statements regarding expected financial position, business results, and financing plans.
• Adjusted EBITDA is defined as a non-GAAP measure excluding restructuring expenses, business combination transaction costs, unusual expenditures, non-cash items, equity loss in investments, depreciation, amortization, loss on disposal of assets, and other income.
• The company is listed on Nasdaq under the ticker symbol MDIA.
• Roberto Castro serves as Interim Chief Financial Officer and Interim Treasurer.