Filing Flows › Mediaco Holding (MDIA) › Q3 2025
Mediaco Holding (MDIA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 19, 2025
Mediaco Holding (MDIA) reported revenue of $35.4M for the third quarter 2025 (Q3 2025), +19% from a year earlier and +13% from the quarter before. Operating margin was -20.0%, net loss $17.9M (50.5% of revenue).
Mediaco Holding, Q3 2025: revenue $35.4M (+19% year over year), operating margin -20.0%, net loss $17.9M, operating cash flow $2.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $35.4M | +13% | +19% |
| Operating profit | −$7.1M | — | — |
| Net earnings | −$17.9M | — | — |
| Operating cash flow | $2.8M | — | — |
| Free cash flow | $2.8M | — | — |
What changed
Revenue was $35.4M in Q3 2025, up 19% year over year and up 13% from the previous quarter. Digital was the largest line at 49% of revenue. Digital added $11.6M year over year (up 201%), 210% of the total change. Barter declined 63%.
Operating costs exceeded revenue by $7.1M, an operating margin of -20.0%. Total costs grew 16% against revenue growth of 19%. The quarter ended with a net loss of $17.9M, wider than the previous quarter's $7.4M loss. Net interest and other expense of $10.5M was the main reason.
Operating cash flow was $2.8M. Non-cash charges added back $1.7M of depreciation and amortization and $9K of share-based compensation. Working capital and other items added $19.0M. Capital expenditures of $5K left free cash flow of $2.8M.
Questions
What was Mediaco Holding's revenue in the third quarter 2025?
Mediaco Holding (MDIA) reported revenue of $35.4M for the third quarter 2025 (Q3 2025), +19% from a year earlier and +13% from the quarter before.
Was Mediaco Holding profitable in the third quarter 2025?
Operating loss was $7.1M (-20.0% of revenue) and net loss $17.9M.
Source: Mediaco Holding 10-Q on SEC EDGAR.