Mediaco Holding ( (MDIA) ) has released a notification of late filing.
Mediaco Holding has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to challenges in finalizing the consolidated financial statements following the acquisition of Estrella Broadcasting, Inc. and its subsidiaries in April 2024. The company anticipates completing the filing within 15 calendar days after the original due date. Preliminary financial results indicate significant changes, with net revenues estimated at $95.6 million and an operating loss of $28.1 million for 2024, compared to $32.4 million in net revenues and $6.8 million in operating income for 2023. These changes are largely attributed to the inclusion of Estrella Broadcasting’s operations. Mediaco Holding is committed to compliance, as evidenced by the signature of Debra DeFelice, Chief Financial Officer and Treasurer, on the notification.
More about Mediaco Holding
YTD Price Performance: -3.39%
Average Trading Volume: 116,478
Technical Sentiment Signal: Buy
Current Market Cap: $51.88M
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