MediaCo Q2 net loss widens 17% to $8.61 million; net revenue rises 9% to $33.97 million - MDIA News | RalliesMediaCo Q2 net loss widens 17% to $8.61 million; net revenue rises 9% to $33.97 million
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MDIA• Second-quarter results
- MediaCo posted Q2 net revenues of $33.97 million, up 9% year over year.
- Net loss widened 17% to $8.61 million, with net loss margin at 25% versus 24% a year earlier.
- Adjusted EBITDA (non-GAAP) fell 38% to $942,000.
Advertising and audience trends
- Digital accounted for 47% of advertising sales during the quarter, with management citing a strong sales pipeline.
- EstrellaTV logged a 38% year-over-year increase in P18-49 prime time audience in the first six months.
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