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MediaCo Holding Inc. ( MediaCo or the Company ) is an owned and operated multi-media company formed in Indiana in 2019, focused on radio, television, digital advertising, premium programming and events. On April 17, 2024, MediaCo Holding Inc. and its wholly-owned subsidiary MediaCo Operations LLC, a Delaware limited liability company ( Purchaser ), entered into an asset purchase agreeme…
The business is unprofitable at the operating level (-18.57% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 39.5% YoY with margins expanding 10.9pp.
Net debt of $113M represents 94.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$137M
▲ +39.5% YoY
Net Income (TTM)
-$67M
▼ -5022.7% YoY
Op. Margin
-20.20%
▲ +10.9pp YoY
ROIC
-11.92%
▲ +7.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3M
▲ +105.7% YoY
Op. Cash Flow (TTM)
-$2M
▲ +109.9% YoY
Net Debt
$108M
Cash & Equiv.
$3M
5Y CAGR: +27.7%
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