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MediaCo (NASDAQ:MDIA) Releases Quarterly Earnings Results

MediaCo logo with Communication Services background

Key Points

  • MediaCo reported a quarterly earnings loss of ($0.11) earnings per share, indicating a challenging financial period for the company.
  • The company's stock traded at $1.35 with a market capitalization of $72.47 million and a P/E ratio of -4.50.
  • MediaCo operates radio stations in the United States, including WQHT-FM and WBLS-FM, and also engages in digital advertising and event sponsorships.
  • Five stocks to consider instead of MediaCo.

MediaCo (NASDAQ:MDIA - Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.11) earnings per share for the quarter, Zacks reports. The firm had revenue of $31.25 million during the quarter.

MediaCo Stock Down 3.0%

NASDAQ MDIA traded down $0.04 during trading hours on Friday, reaching $1.31. The company's stock had a trading volume of 10,463 shares, compared to its average volume of 167,669. The firm's 50-day moving average price is $1.23 and its 200-day moving average price is $1.15. MediaCo has a 1 year low of $0.79 and a 1 year high of $5.37. The company has a market capitalization of $70.32 million, a price-to-earnings ratio of 3.87 and a beta of -0.33.

MediaCo Company Profile

(Get Free Report)

MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services.

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Earnings History for MediaCo (NASDAQ:MDIA)

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