10-Q · May 15, 2026
In Q1 2026, MediaCo reported revenues of $31.4 million, a 12% increase from $28.0 million in the previous year, yet faced a 61% rise in operating losses to $7.5 million. Despite a growth in digital revenue, net loss…
Earnings analysis · 10-Q
MDIA earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
The provided 10-Q excerpt does not include the financial statements or MD&A, so current-period revenue, margins, EPS, cash flow, balance-sheet trends, and segment performance cannot be assessed. The principal disclosed…
Read full summary
The provided 10-Q excerpt does not include the financial statements or MD&A, so current-period revenue, margins, EPS, cash flow, balance-sheet trends, and segment performance cannot be assessed. The principal disclosed development is that internal controls remained ineffective at June 30, 2026 due to a material weakness involving the Estrella business combination and related valuation accounting. Remediation continued during the six months ended June 30, 2026, but management had not concluded that the weakness was fully remediated.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Material weakness remediation underway
Management continued remediation efforts throughout the six months ended June 30, 2026, including hiring qualified technical accounting personnel, training staff, implementing controls for complex transactions, and engaging third-party experts.
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Four remediation actions identified
Management identified four remediation actions, including enhanced oversight of third-party specialists and additional controls over nonroutine transactions and valuation data.
What to watch
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Internal controls remain ineffective
Disclosure controls and procedures and internal control over financial reporting were not effective at June 30, 2026 because of a material weakness related to the Estrella business combination and subsequent accounting.
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Business-combination accounting risk
The weakness includes insufficient controls over goodwill and intangible-asset valuation data and assumptions, as well as insufficiently competent accounting resources; it was not fully remediated as of June 30, 2026.
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Potential reporting and regulatory impact
If the weakness is not remediated, the filing states that the Company could face delayed periodic reports, loss of investor confidence, adverse effects on its stock price, and litigation or investigations by Nasdaq, the SEC, or other regulators.
Management's outlook
The provided 10-Q excerpt contains no quantitative revenue, EPS, margin, cash-flow, or forward operating guidance. No outlook, liquidity outlook, or capital-spending targets were disclosed in the provided text.
Earlier filings 4
10-K · April 30, 2026
MediaCo experienced a year of substantial changes, including the closing of the Estrella acquisition, contributing to notable revenue growth from $96M in 2024 to $133M in 2025. However, despite the revenue bumps, the…
10-K · March 31, 2026
MediaCo completed the Estrella acquisition (put exercised May 1, 2025) and expanded into video/FAST channels while 2025 revenue rose to $133.0M (sum of quarterly revenues) from $96.0M in 2024. Free cash flow improved to…
10-Q · November 19, 2025
MediaCo reported Q3 net revenues of $35,398,000 (up from $29,859,000 in 2024 Q3) but swung to a GAAP diluted loss of $(0.22) per share as operating loss was $(7,091,000) and total other expense was $(10,518,000). The…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.