MDIA

MediaCo Drives Continued Momentum with $65.4 million in Revenue and Industry Leading GrowthSecond quarter digital revenue stays strong at 47% of Advertising SalesAudience Share Gains, New Content and Broader Digital Distribution Driving Growth NEW YORK, August 14, 2026--(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA) reported financial results for the second quarter ended June 30, 2026. Year-to-date Net Revenue was $65.4 million, up $6.1 million, or 10%, from the prior year, driven primarily by new digital revenue sales. Year-to-date Net Loss was $18.0 million, compared to a Net Loss of $16.0 million from the prior year, primarily due to the increase in digital expenses, loss on disposal of assets and higher net interest costs; partially offset by higher revenue and higher net other income. Year-to-date Adjusted EBITDA income of $1.1 million, down $1.8 million from the prior year Adjusted EBITDA income of $2.9 million, driven by higher operating and corporate expenses. Please refer to the "Definitions and Disclosures Regarding Non-GAAP Financial Information" section herein, the reconciliations at the end of this press release and additional information on our website. 2026 Second Quarter Financial Summary 2026 First Half Financial Summary Net Income margin is Net Loss as a percentage of Net Revenue. Adjusted EBITDA is a non-GAAP measure. Please refer to the "Definitions and Disclosures Regarding Non- GAAP Financial Information" section herein, the reconciliations at the end of this press release and additional information on our website. "MediaCo delivered 9% revenue growth in the second quarter, outpacing much of the industry, as we continue to build on our leadership position serving multicultural audiences," said Albert Rodriguez, MediaCo CEO. "Our cross-platform strategy is central to this performance: 47% of advertising revenue was generated through digital channels during the quarter, once again ranking us among the top performers in our industry. Combined with a strong sales pipeline, culturally authentic and high-impact programming, and an expanding distribution footprint across television, radio, digital, and FAST platforms, we are growing our audience reach and strengthening our value to advertisers." "As we monetize the strategic investments we’ve made in our assets and expand our revenue sources, we remain focused on streamlining operations and building efficiency across the business. At the same time, we implemented a companywide cost and expense reduction initiative to sharpen our operating discipline and drive improved EBITDA and margins. We believe the future is very bright as we position serving multicultural audiences." Company and Business Highlights EstrellaTV, one of just three broadcast networks with prime time P18-49 growth in the first 6 months of 2026, delivered another standout first quarter - posting a +38% year-over-year increase in P18-49 prime time(1). This marked the network's fourth consecutive quarter of audience growth, reinforcing EstrellaTV’s accelerating momentum and competitive strength. Year-to-date, EstrellaTV has exceeded prior-year P18-49 delivery across nearly every daypart - Weekday and Weekend Prime, Early Fringe, Weekday Daytime and Weekend Daytime, as well as Total Day. This highlights the strength and balance of its programming strategy. The fastest-growing Spanish-language broadcast network in the U.S., in March 2026, EstrellaTV was the only Spanish-language broadcast network to post P18-49 growth, increasing +22% versus the prior year. 1Source: Source: Nielsen NLTV Program Report; Updated Big Data Plus Panel National Sample, NTI Calendar (1Q26: 12/29/2025 - 03/29/2026, 1Q25: 12/30/2024 - 03/30/2025, 2Q26: 03/30/2026 - 06/28/2026, 2Q25: 03/31/2025 - 06/29/2025, Mar26: 02/23/2026 - 03/29/2026, Mar25: 02/24/2025 - 03/30/2025), P18-49 AA (units), Strict Daypart Program-Based Dayparts M-Su 7p-11p (span), Prime dayparts (7p-11p), Early Fringe (MF 4p-7p), Weekday Daytime (MF 10a-4p), Weekend Daytime (12p-7p), ETV Total Day (MF 7a-2a & SS 12p-2a & M-Sa 630a-7a) Forward-Looking Statements This communication includes or incorporates forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"). You can identify these forward-looking statements by our use of words such as "intend," "plan," "may," "will," "project," "estimate," "anticipate," "believe," "expect," "continue," "potential," "opportunity" and similar expressions, whether in the negative or affirmative. Such forward-looking statements, which speak only as of the date hereof, are based on managements’ estimates, assumptions and beliefs regarding our future plans, intentions and expectations. We cannot guarantee that we will achieve these plans, intentions or expectations. All statements regarding our expected financial position, business, results of operations and financing plans are forward-looking statements. Actual results or events could differ materially from the plans, intentions or expectations disclosed in the forward-looking statements we make. We have included important facts in various cautionary statements in this communication that we believe could cause our actual results to differ materially from forward-looking statements that we make. The forward-looking statements do not reflect the potential impact of any future acquisitions, mergers or dispositions. We undertake no obligation to update or revise any forward-looking statements because of new information, future events or otherwise. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see MediaCo’s other filings with the Securities and Exchange Commission. Definitions and Disclosures Regarding Non-GAAP Financial Information We define Adjusted EBITDA as consolidated net loss adjusted to exclude restructuring expenses, business combination transaction costs, unusual and non-recurring expenditures, non-cash items and non-cash compensation included within operating expenses, as well as the following line items presented in our Statements of Operations: Equity loss in investments, Depreciation and amortization, Loss on disposal of assets, and Other income. Alternatively, Adjusted EBITDA is calculated as Net loss, adjusted to exclude Provision for income taxes, Equity loss in investments, Interest expense, net, Depreciation and amortization, Loss on disposal of assets, Other income, and Other adjustments. We use Adjusted EBITDA, among other measures, to evaluate the Company’s operating performance. This measure is among the primary measures used by management for the planning and forecasting of future periods, as well as for measuring performance for compensation of executives and other members of management. We believe this measure is an important indicator of our operational strength and performance of our business because it provides a link between operational performance and operating income. It is also a primary measure used by management in evaluating companies as potential acquisition targets. We believe the presentation of this measure is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by management. We believe it helps improve investors’ ability to understand our operating performance and makes it easier to compare our results with other companies that have different capital structures or tax rates. In addition, we believe this measure is also among the primary measures used externally by our investors, analysts and peers in our industry for purposes of valuation and comparing our operating performance to other companies in our industry. Since Adjusted EBITDA is not a measure calculated in accordance with GAAP, it should not be considered in isolation of, or as a substitute for, operating loss or net loss as an indicator of operating performance and may not be comparable to similarly titled measures employed by other companies. Adjusted EBITDA is not necessarily a measure of our ability to fund our cash needs. Because it excludes certain financial information compared with operating loss and compared with consolidated net loss, the most directly comparable GAAP financial measures, users of this financial information should consider the types of events and transactions which are excluded. For a reconciliation of these non-GAAP financial measurements to the GAAP financial results cited in this earnings release, please see the supplemental tables at the end of this release. About MediaCo Holding Inc. MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company serving multicultural audiences across the U.S. Through a network of iconic brands—including Hot 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles and the Don Cheto Radio Network—MediaCo reaches over 20 million people monthly via television, radio, digital, and streaming platforms. Its Sigma Audio Networks LLC, a groundbreaking national multicultural audio network, is modernizing how advertisers reach America’s growing multicultural audiences. The company's innovative and culturally resonant content spans music, news, and entertainment across major local and national markets. More info at www.mediacoholding.com. MEDIACO HOLDING INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) MEDIACO HOLDING INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) MEDIACO HOLDING INC.NON-GAAP FINANCIAL MEASURESRECONCILIATIONS OF NET LOSS TO ADJUSTED EBITDA (1) View source version on businesswire.com: https://www.businesswire.com/news/home/20260814517755/en/ Contacts Investors: Roberto CastroInterim Chief Financial Officer and Interim TreasurerMEDIACO HOLDING [email protected]

MediaCo Drives Continued Momentum with $31.4 million in Revenue and Industry Leading Growth Digital revenue Surges to 49.5% of Advertising Sales Audience Share Gains, New Content and Broader Digital Distribution Driving Growth NEW YORK, May 18, 2026--(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA) reported financial results for the first quarter ended March 31, 2026. Year-to-date Net Revenue was $31.4 million, up $3.4 million, or 12%, from the prior year, driven primarily by new digital revenue sales. Year-to-date Net Loss was $9.4 million, compared to a Net Loss of $8.6 million from the prior year, primarily due to the increase in digital expenses, loss on disposal of assets and higher net interest costs; partially offset by higher revenue and higher net other income. Year-to-date Adjusted EBITDA was income of $0.2 million, down $1.2 million from the prior year Adjusted EBITDA income of $1.4 million, driven by higher operating and corporate expenses. Please refer to the "Definitions and Disclosures Regarding Non-GAAP Financial Information" section herein, the reconciliations at the end of this press release and additional information on our website. 2026 First Quarter Financial Summary "We delivered double digit growth in our net revenues during the first quarter, as we continued to capitalize on our growing leadership position in serving multicultural audiences though our modern, cross-platform distribution ecosystem," said Albert Rodriguez, MediaCo CEO and President. "Our growing digital platform is central to driving our success, as half our advertising revenues were generated through our digital channels during the quarter, once again ranking our company among the top performers in our industry. "Through our strong pipeline of culturally authentic, high-impact programming combined with our expanding distribution footprint across television, radio, digital and FAST platforms, we are growing our audience reach and elevating our ability to serve advertisers. As we monetize the strategic investments we are making in our assets and expand our revenue sources, we remain focused on streamlining our operations and building efficiencies across our business model. As a result, we believe our future is very bright as we continue to execute on our plan and deliver on our mission in serving the nation’s growing multicultural population." Sigma Audio Networks LLC On January 1, 2026, the Company acquired an investment in Sigma Audio Networks LLC ("Investee") or ("Sigma"), a limited liability company operating an audio advertising and media network. Branded as Sigma Audio, powered by MediaCo, the venture utilizes MediaCo’s heritage stations in the nation’s top markets and unifies premium audio inventory, influential talent and culturally rooted content targeted at Hispanic, African American and Asian American audiences. The Company accounts for the investment under the equity method of accounting as it does not control the Investee. Under the Investee’s operating agreement, eMedia serves as manager and controls the significant operating activities of the Investee. Pursuant to the operating agreement, the Company is committed to fund up to $1.0 million of the Investee’s operating needs during the initial funding period. Contributions are accounted for as capital contributions and included in the carrying value of the investment. As of March 31, 2026, the Company has contributed $0.3 million to the Investee. The Company has remaining funding commitments of $0.7 million, under the agreement. Under the operating agreement, the Company is allocated 100% of the Investee’s profits and losses until recovery of its initial capital contributions, after which profits and losses are allocated 60% to the Company and 40% to eMedia. Company and Business Highlights EstrellaTV, the nations fastest growing video network, delivered another standout first quarter - posting a +38% year-over-year increase in P18-49 prime time in Q1 2026(1). This marks the fourth consecutive quarter of audience growth, reinforcing EstrellaTV’s accelerating momentum and competitive strength. EstrellaTV exceeded prior-year P18-49 delivery across every daypart - Prime, Early Fringe, Afternoon, and Total Day, highlighting the strength and balance of its programming strategy. The fastest-growing Spanish-language broadcast network in the U.S., in March 2026, EstrellaTV was the only Spanish-language broadcast network to post growth, increasing +22% versus the prior year. HOT 97 TV expanded in the New York metro market, launching over-the-air on WASA-TV and will also continue to be available on Spectrum channels 811 and 1236. Born in New York and built into one of the most influential brands in hip hop, HOT 97 has defined culture for decades with breaking artists, shaping conversations, and setting the soundtrack for the city. Now, that legacy continues to expand across television, streaming, and digital platforms. Hot 97 TV also launched two hours of national and local news daily in January for TV and streaming. EstrellaTV continued to build its live sports business with the launch of the new COMBATE Global MMA season all produced at its Burbank studio. COMBATE Global is being broadcast live across EstrellaTV network TV, FAST and App. Also, EstrellaTV began broadcasting and streaming Team Boxing League ("TBL") fights across network TV, FAST and App. The collaboration marks a major milestone for TBL, as its fights are now available in Spanish-language for the first time, significantly expanding access to one of the fastest-growing audiences in the country. Both COMBATE GLOBAL and TBL provide an even stronger multiplatform live sports programming mix alongside EstrellaTV’s Liga MX Tigres and Juarez soccer matches. MediaCo expanded its audio ad sales and distribution capabilities announcing a new venture with Sigma Audio Networks. Through this deal, MediaCo expanded its national audio platform and key franchise shows as Don Cheto Al Aire and HOT 97 Mornings with Mero, with enhanced syndication, distribution and national advertising sales. These additions strengthen MediaCo’s ability to deliver scaled, personality-driven audio programming to multicultural audiences across terrestrial and digital platforms. MediaCo also jointly announced a new venture with Sigma Audio Networks and the launch of InterWave, a new digital audio network designed to connect advertisers with multicultural audiences across premium digital audio environments at scale. InterWave provides advertisers access to more than 210 million(2) monthly unique listeners across a curated network of premium digital audio inventory delivered through mobile apps, web players, and other digital listening environments. The platform delivers 100% transparent premium inventory within brand-safe, sound-on environments where listeners are highly engaged. 1Source: Nielsen National TV View Program Report; National Sample; NTI Calendar for Monthly, Quarterly and Season-to-date YoY comparisons; P18-49 AA (units) Program Based Dayparts (Strict Daypart) Mon-Sun 7p-11p (span). Total day performances based on ETV Total Day definition of MF 7a-2a & SS 12p-2a & M-Sa 630a-7a. Updated Big Data Plus Panel data source was used for monthly comparisons beginning with Oct 2025, prior to that, panel only data source was used for YoY comparisons. 2Source: Interwave digital network. Comscore Dec 2025 Forward-Looking Statements This communication includes or incorporates forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"). You can identify these forward-looking statements by our use of words such as "intend," "plan," "may," "will," "project," "estimate," "anticipate," "believe," "expect," "continue," "potential," "opportunity" and similar expressions, whether in the negative or affirmative. Such forward-looking statements, which speak only as of the date hereof, are based on managements’ estimates, assumptions and beliefs regarding our future plans, intentions and expectations. We cannot guarantee that we will achieve these plans, intentions or expectations. All statements regarding our expected financial position, business, results of operations and financing plans are forward-looking statements. Actual results or events could differ materially from the plans, intentions or expectations disclosed in the forward-looking statements we make. We have included important facts in various cautionary statements in this communication that we believe could cause our actual results to differ materially from forward-looking statements that we make. The forward-looking statements do not reflect the potential impact of any future acquisitions, mergers or dispositions. We undertake no obligation to update or revise any forward-looking statements because of new information, future events or otherwise. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see MediaCo’s other filings with the Securities and Exchange Commission. Definitions and Disclosures Regarding Non-GAAP Financial Information We define Adjusted EBITDA as consolidated net loss adjusted to exclude restructuring expenses, business combination transaction costs, unusual and non-recurring expenditures, non-cash items and non-cash compensation included within operating expenses, as well as the following line items presented in our Statements of Operations: Equity loss in investments, Depreciation and amortization, Loss on disposal of assets, and Other income. Alternatively, Adjusted EBITDA is calculated as Net loss, adjusted to exclude Provision for income taxes, Equity loss in investments, Interest expense, net, Depreciation and amortization, Loss on disposal of assets, Other income, and Other adjustments. We use Adjusted EBITDA, among other measures, to evaluate the Company’s operating performance. This measure is among the primary measures used by management for the planning and forecasting of future periods, as well as for measuring performance for compensation of executives and other members of management. We believe this measure is an important indicator of our operational strength and performance of our business because it provides a link between operational performance and operating income. It is also a primary measure used by management in evaluating companies as potential acquisition targets. We believe the presentation of this measure is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by management. We believe it helps improve investors’ ability to understand our operating performance and makes it easier to compare our results with other companies that have different capital structures or tax rates. In addition, we believe this measure is also among the primary measures used externally by our investors, analysts and peers in our industry for purposes of valuation and comparing our operating performance to other companies in our industry. Since Adjusted EBITDA is not a measure calculated in accordance with GAAP, it should not be considered in isolation of, or as a substitute for, operating loss or net loss as an indicator of operating performance and may not be comparable to similarly titled measures employed by other companies. Adjusted EBITDA is not necessarily a measure of our ability to fund our cash needs. Because it excludes certain financial information compared with operating loss and compared with consolidated net loss, the most directly comparable GAAP financial measures, users of this financial information should consider the types of events and transactions which are excluded. For a reconciliation of these non-GAAP financial measurements to the GAAP financial results cited in this earnings release, please see the supplemental tables at the end of this release. About MediaCo Holding Inc. MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company serving multicultural audiences across the U.S. Through a network of iconic brands—including Hot 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles and the Don Cheto Radio Network—MediaCo reaches over 20 million people monthly via television, radio, digital, and streaming platforms. Its Sigma Audio Networks LLC, a groundbreaking national multicultural audio network, is modernizing how advertisers reach America’s growing multicultural audiences. The company's innovative and culturally resonant content spans music, news, and entertainment across major local and national markets. More info at www.mediacoholding.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260518870317/en/ Contacts Investor Contact: Debra DeFeliceExecutive Vice President, Chief Financial Officer and TreasurerMEDIACO HOLDING [email protected]

-Fourth Quarter Revenue Increases 17.9% to $38.7 million- -Fourth Quarter Digital Revenue Represents 53.5% of Advertising Sales- -2025 Revenue Increases 39.5% to $133.3 million- -2025 Digital Revenue Represents 42.8% of Advertising Sales- -Record Audience Share Gains, New Content and Distribution Expansion Support Revenue Growth- NEW YORK, March 31, 2026--(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA) today reported financial results for the fourth quarter ended December 31, 2025. Year-to-date Net Revenue was $133.3 million, up $37.8 million, or 40%, from the prior year, driven primarily by new Video and Audio segment assets from the April 2024 Estrella Media, Inc., Acquisition and due to a surge in digital revenue. Year-to-date Net Loss was $66.2 million, compared to $1.3 million in the prior year. The increase reflects non-cash items, including changes in the fair value of warrant share liabilities and impairment charges related to Audio Goodwill and FCC licenses. These were partially offset by strong revenue growth and lower corporate expenses following the strategic April 2024 Estrella Acquisition, which positions the Company for continued operational and market expansion. Year-to-date Adjusted EBITDA was $7.3 million, up $8.9 million from the prior year Adjusted EBITDA loss of $1.6 million, driven by higher revenue and improved operational management. Please refer to the "Definitions and Disclosures Regarding Non-GAAP Financial Information" section herein, the reconciliations at the end of this press release and additional information on our website. "In our first full calendar year of operation, we achieved substantial gains across every facet of our plan, reflecting disciplined execution and a relentless focus on growth, as we build on our leadership position in serving multicultural audiences at the national and local level," said Albert Rodriguez, MediaCo CEO and President. "Our progress is reflected in the addition of $38 million of incremental revenue since we brought Estrella Media’s operations under the MediaCo umbrella in 2024. Our momentum is further evidenced by the 18% year-over-year gain in our fourth quarter revenues, with digital revenue representing over 50% of our top-line results, ranking among the best in the industry. "We are building a modern, cross-platform, multicultural media ecosystem designed for scale, spanning television, radio, digital and FAST platforms, with precision targeting and measurable results for our partners. Our unique pipeline of culturally relevant, high-impact programming is resonating with our audiences, as reflected in our strong ratings performance. The recent launch of our national audio network and the addition of new TV affiliates and digital channels will further fuel our growth trajectory and provide us with expanded opportunities to serve advertisers. "Going forward, we remain in growth mode as we capitalize on our platform expansion and ratings gains to attract a greater share of advertising dollars. At the same time, we are focused on continuing to streamline our operations and drive efficiencies, as we build on the $8.9 million improvement in adjusted EBITDA we achieved during the past two years. Targeting a multicultural population of 150 million nationwide, we believe we are well positioned on all fronts to pursue our vision and deliver further gains in the year ahead." Company and Business Highlights EstrellaTV, the leading Spanish-language television network for diverse and cross-cultural Hispanic audiences, delivered historic audience growth in 2025, with its strongest performance in more than a decade. The network posted a +14% year-over-year increase in P18–49 Mon–Sun prime, more than doubling the network’s previous record annual gain, making 2025 the strongest growth year in EstrellaTV’s history. Additionally, the network ended the year in 4Q25 +57% year-over-year showing great momentum for the rest of the broadcast year. Source: MediaCo Announces Historic Audience Growth for EstrellaTV in 2025. MediaCo generated strong year-end audience growth across its radio portfolio, delivering significant gains in key markets and reinforcing its position as one of the fastest-growing audio companies in the country. Driven by increased listening and expanded reach, MediaCo posted robust year-over-year performance across Adults 25–54, with particularly strong results during weekday Prime listening hours, underscoring the continued strength of the company’s culturally relevant brands and local-first programming strategy. Sigma Audio Networks LLC, a groundbreaking multicultural audio network centered on fundamentally modernizing how advertisers reach America’s growing multicultural audiences, launched in February 2026. The consolidated national network, combining premium programming, digital audio and culturally rooted live experiences, enables advertisers to efficiently reach Hispanic, Black, Asian American and bicultural audiences through a single, scalable buy that’s aligned with how brands and agencies operate today. HOT 97, the top-ranked multicultural radio station in New York regardless of language, launched its brand-new morning show in January 2026, HOT 97 Mornings with Mero. Hosted by The Kid Mero, one of New York’s most recognizable and authentic voices in media and culture, the show features Mero’s signature commentary on culture, sports, music, and current events, alongside conversations with today’s biggest artists, athletes, and influencers. Mornings with Mero is also now available on Hot 97 TV on FAST and locally in Atlanta on WHOT-TV and full carriage with cable and satellite in the area, and in New York on WASA-TV and Spectrum. HOT 97 News, a daily live national and local TV show created at the intersection of journalism, hip-hop, conversation, and culture, launched in January 2026. Broadcasting and streaming nationally from Atlanta across all HOT 97 TV and digital streaming platforms, the show delivers a blend of hip hop and music news, entertainment and unfiltered discussion, engaging the audience with stories through the cultural lens that has defined the HOT 97 brand for decades. The Don Cheto Network added affiliate KZOM-FM 96.5 in Phoenix, Arizona to its national distribution footprint in late 2025. Owned by Orozco Broadcasting, the station brings one of the nation’s most beloved and influential Spanish-language entertainment brands to one of the fastest-growing Latino markets in the country, further expanding Don Cheto’s scale and national reach. Katz Television Group, a division of Katz Media Group, the nation’s largest and most established media sales organization, began serving as national media sales representative for MediaCo’s owned-and- operated EstrellaTV stations, exclusive for political advertising and preferred for Direct Response (DR) and Paid advertising sales. Under the partnership, Katz will represent EstrellaTV stations in New York, Los Angeles, Miami, Houston, Chicago, and Denver - covering four of the top five U.S. Hispanic markets. EstrellaTV expanded its presence in New York with WMBC full power and Orlando WDYB-CD through LMA over-the-air television station agreements serving these markets. WMBC operates on virtual channel 63 and WDYB-CD operates on virtual channel 14 with a trio of digital multicast signals. The expansion strengthens EstrellaTV’s long-term commitment to locally relevant, culturally resonant Spanish-language programming, and creates new opportunities for viewers, advertisers, and partners in New York and Central Florida. Forward-Looking Statements This communication includes or incorporates forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"). You can identify these forward-looking statements by our use of words such as "intend," "plan," "may," "will," "project," "estimate," "anticipate," "believe," "expect," "continue," "potential," "opportunity" and similar expressions, whether in the negative or affirmative. Such forward-looking statements, which speak only as of the date hereof, are based on management's estimates, assumptions and beliefs regarding our future plans, intentions and expectations. We cannot guarantee that we will achieve these plans, intentions or expectations. All statements regarding our expected financial position, business, results of operations and financing plans are forward-looking statements. Actual results or events could differ materially from the plans, intentions or expectations disclosed in the forward-looking statements we make. We have included important facts in various cautionary statements in this communication that we believe could cause our actual results to differ materially from forward-looking statements that we make. The forward-looking statements do not reflect the potential impact of any future acquisitions, mergers or dispositions. We undertake no obligation to update or revise any forward-looking statements because of new information, future events or otherwise. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see MediaCo’s other filings with the Securities and Exchange Commission. Definitions and Disclosures Regarding Non-GAAP Financial Information We define Adjusted EBITDA as consolidated Operating loss adjusted to exclude restructuring expenses, business combination transaction costs, unusual and non-recurring expenditures, non-cash items and non-cash compensation included within operating expenses, as well as the following line items presented in our Statements of Operations: Depreciation and amortization, Loss on disposal of assets, change in fair value of warrant shares liability and Other income. Alternatively, Adjusted EBITDA is calculated as Net loss, adjusted to exclude Provision for income taxes, Interest expense, net, Depreciation and amortization, Loss on disposal of assets, Change in fair value of warrant shares liability, Other income, and Other adjustments. We use Adjusted EBITDA, among other measures, to evaluate the Company’s operating performance. This measure is among the primary measures used by management for the planning and forecasting of future periods, as well as for measuring performance for compensation of executives and other members of management. We believe this measure is an important indicator of our operational strength and performance of our business because it provides a link between operational performance and operating income. It is also a primary measure used by management in evaluating companies as potential acquisition targets. We believe the presentation of this measure is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by management. We believe it helps improve investors’ ability to understand our operating performance and makes it easier to compare our results with other companies that have different capital structures or tax rates. In addition, we believe this measure is also among the primary measures used externally by our investors, analysts and peers in our industry for purposes of valuation and comparing our operating performance to other companies in our industry. Since Adjusted EBITDA is not a measure calculated in accordance with GAAP, it should not be considered in isolation of, or as a substitute for, operating loss or net loss as an indicator of operating performance and may not be comparable to similarly titled measures employed by other companies. Adjusted EBITDA is not necessarily a measure of our ability to fund our cash needs. Because it excludes certain financial information compared with operating loss and compared with consolidated net loss, the most directly comparable GAAP financial measures, users of this financial information should consider the types of events and transactions which are excluded. For a reconciliation of these Non-GAAP financial measurements to the GAAP financial results cited in this news announcement, please see the supplemental tables at the end of this release. About MediaCo Holding Inc. MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company serving multicultural audiences across the U.S. Through a network of iconic brands—including Hot 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles and the Don Cheto Radio Network—MediaCo reaches over 20 million people monthly via television, radio, digital, and streaming platforms. Its Sigma Audio Networks LLC, a groundbreaking national multicultural audio network, is modernizing how advertisers reach America’s growing multicultural audiences. The company's innovative and culturally resonant content spans music, news, and entertainment across major local and national markets. More info at www.mediacoholding.com. APPENDIX View source version on businesswire.com: https://www.businesswire.com/news/home/20260331323520/en/ Contacts Investor Contact: Debra DeFelice Executive Vice President, Chief Financial Officer and Treasurer MEDIACO HOLDING INC. [email protected]

Year-to-Date Revenue of $94.7 million Digital Revenue Surges to 49.2% of Advertising Sales Growth Driven by Market Expansion, Addition of FAST Channels, and Focus on Strategic M&A NEW YORK, November 20, 2025--(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA) today reported financial results for the third quarter ended September 30, 2025. Year-to-date Net Revenue was $94.7 million, up $31.9 million, or 51%, from the prior year, driven primarily by new Audio and Video segment assets from the April 2024 Estrella Acquisition. Year-to-date Net Loss was $33.9 million, compared to Net Income of $2.9 million from the prior year, primarily due to change in fair value of warrant shares liability; partially offset by higher revenue and lower corporate costs related to the April 2024 Estrella Acquisition. Year-to-date Adjusted EBITDA was $5.0 million, up $9.6 million from the prior year Adjusted EBITDA loss of $4.6 million, driven by higher revenue and improved operational management. Adjusted EBITDA margin improved to 5% from a negative margin in the prior-year period. Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. Please refer to the "Definitions and Disclosures Regarding Non-GAAP Financial Information" section herein, the reconciliations at the end of this press release and additional information on our website. 2025 Third Quarter Financial Summary 2025 Nine Month Financial Summary "We continued to execute at a high level during the third quarter, driving tangible gains across virtually every facet of our strategic plan," stated Albert Rodriguez, MediaCo CEO and President. "Building on the strength of our brands and talent, we drove a substantial gain in our revenues, including a surge in our digital revenue to $17 million, which now accounts for 49.2% of our total advertising sales, ranking among the top in the industry. All-the-while, we continued to maintain a disciplined approach to managing our expenses and efficiently allocating our resources to the most promising growth initiatives. "Looking ahead, we are in growth mode, as evidenced by our expansion in New York, Florida, Georgia, Illinois, and Arizona, the addition of our FAST channels and our focus on strategic mergers and acquisitions. We are committed to delivering ratings growth and increasing our share of advertising in key markets, while securing important content and distribution partnerships that will allow us to efficiently grow our broadcast and digital audiences nationally. As we build on our momentum and continue to pursue synergies across our dynamic multi-channel platform, we remain well positioned to drive growth in our revenues, cash flows and margins to the benefit of our shareholders." Company and Business Highlights EstrellaTV, the leading Spanish-language television network for diverse and cross-cultural Hispanic audiences, closed out October 2025 with historic ratings momentum, delivering one of its largest year-over-year monthly percentage gains among Adults 18-49 since the network began with Nielsen measurement in March 2010. HOT 97, the top-ranked multi-cultural radio station in New York and the tri-state region, across any language, achieved record ratings growth, including its highest monthly audience levels in history among Adults 18-49 during radio prime (Monday–Friday, 6am–7pm) in September 2025. These historic ratings reflect the energy, creativity, and authenticity that define HOT 97, the heartbeat of hip hop for generations of audiences. MediaCo launched WMBC-TV in New York, a full-power HD "must carry" television station, now featuring the EstrellaTV Network. Owned and operated by Mountain Broadcasting Corporation, WMBC-TV began delivering full-power, over-the-air HD coverage in October, with carriage on all major cable broadcast tiers. Transmitting from the top of One World Trade Center, the station reaches more than 20 million viewers across the New York metropolitan area. MediaCo expanded distribution of HOT 97 and WBLS, to Dot 2 audio audiences in Los Angeles, Riverside, Dallas, and Houston, marking a major step in the Company’s mission to connect multicultural audiences nationwide. Listeners in these cities will now have 24/7 access to the best in Hip Hop, R&B, and Urban culture, featuring exclusive interviews, live performances, lifestyle programming, and local community content that celebrates the artists and voices shaping today’s culture. MediaCo expanded HOT 97, into television in Atlanta with the launch of WHOT TV 66, in partnership with TRACE, the global media brand dedicated to Afro-urban music and culture. The newly rebranded station showcases HOT 97’s signature blend of music, lifestyle, and culture and features Afro-urban programming from TRACE and ATLNOW. In addition, Debra DeFelice, Chief Financial Officer and Treasurer, was recently promoted to the additional role of Executive Vice President, reflecting her key role within the Company’s leadership team. She commented, "I look forward to continuing our momentum as we work towards the next phase of MediaCo’s growth. The third quarter further validates the strategic value of the Estrella acquisition and the strength of our operating model. We delivered significant year-to-date revenue growth and a meaningful swing to positive Adjusted EBITDA, driven by both scale benefits and tighter cost management. We expect to build on this momentum as integration efficiencies continue to materialize and as we further optimize our audio and video portfolio and expand our distribution channels." Brian Fisher was promoted to Chief Revenue Officer during the third quarter and is leading all revenue-generating functions across MediaCo’s portfolio, including national and local sales for linear, audio, events, and digital. Forward-Looking Statements This communication includes or incorporates forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"). You can identify these forward-looking statements by our use of words such as "intend," "plan," "may," "will," "project," "estimate," "anticipate," "believe," "expect," "continue," "potential," "opportunity" and similar expressions, whether in the negative or affirmative. Such forward-looking statements, which speak only as of the date hereof, are based on managements’ estimates, assumptions and beliefs regarding our future plans, intentions and expectations. We cannot guarantee that we will achieve these plans, intentions or expectations. All statements regarding our expected financial position, business, results of operations and financing plans are forward-looking statements. Actual results or events could differ materially from the plans, intentions or expectations disclosed in the forward-looking statements we make. We have included important facts in various cautionary statements in this communication that we believe could cause our actual results to differ materially from forward-looking statements that we make. The forward-looking statements do not reflect the potential impact of any future acquisitions, mergers or dispositions. We undertake no obligation to update or revise any forward-looking statements because of new information, future events or otherwise. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see MediaCo’s other filings with the Securities and Exchange Commission. Definitions and Disclosures Regarding Non-GAAP Financial Information We define Adjusted EBITDA as consolidated Operating loss adjusted to exclude restructuring expenses, business combination transaction costs, unusual and non-recurring expenditures, non-cash items and non-cash compensation included within operating expenses, as well as the following line items presented in our Statements of Operations: Depreciation and amortization, Loss on disposal of assets, change in fair value of warrant shares liability and Other income. Alternatively, Adjusted EBITDA is calculated as Net loss, adjusted to exclude Provision for income taxes, Interest expense, net, Depreciation and amortization, Loss on disposal of assets, Change in fair value of warrant shares liability, Other income, and Other adjustments. We use Adjusted EBITDA, among other measures, to evaluate the Company’s operating performance. This measure is among the primary measures used by management for the planning and forecasting of future periods, as well as for measuring performance for compensation of executives and other members of management. We believe this measure is an important indicator of our operational strength and performance of our business because it provides a link between operational performance and operating income. It is also a primary measure used by management in evaluating companies as potential acquisition targets. We believe the presentation of this measure is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by management. We believe it helps improve investors’ ability to understand our operating performance and makes it easier to compare our results with other companies that have different capital structures or tax rates. In addition, we believe this measure is also among the primary measures used externally by our investors, analysts and peers in our industry for purposes of valuation and comparing our operating performance to other companies in our industry. Since Adjusted EBITDA is not a measure calculated in accordance with GAAP, it should not be considered in isolation of, or as a substitute for, operating loss or net loss as an indicator of operating performance and may not be comparable to similarly titled measures employed by other companies. Adjusted EBITDA is not necessarily a measure of our ability to fund our cash needs. Because it excludes certain financial information compared with operating loss and compared with consolidated net loss, the most directly comparable GAAP financial measures, users of this financial information should consider the types of events and transactions which are excluded. For a reconciliation of these non-GAAP financial measurements to the GAAP financial results cited in this news announcement, please see the supplemental tables at the end of this release. About MediaCo Holding Inc. MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company serving multicultural audiences across the U.S. Through a network of iconic brands—including Hot 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles and the Don Cheto Radio Network—MediaCo reaches over 20 million people monthly via television, radio, digital, and streaming platforms. The company's innovative and culturally resonant content spans music, news, and entertainment across major local and national markets. More info at www.mediacoholding.com. MEDIACO HOLDING INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) MEDIACO HOLDING INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) MEDIACO HOLDING INC. NON-GAAP FINANCIAL MEASURES RECONCILIATIONS OF NET LOSS TO EBITDA AND ADJUSTED EBITDA (1) AND NET LOSS MARGIN TO ADJUSTED EBITDA MARGIN(1) View source version on businesswire.com: https://www.businesswire.com/news/home/20251120659473/en/ Contacts Investor Contact: Debra DeFelice Executive Vice President, Chief Financial Officer and Treasurer MEDIACO HOLDING INC. [email protected]

Explore MediaCo Holding's Fair Values from the Community and select yours Despite posting some strong earnings, the market for MediaCo Holding Inc.'s (NASDAQ:MDIA) stock hasn't moved much. Our analysis suggests that shareholders have noticed something concerning in the numbers. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. This ratio tells us how much of a company's profit is not backed by free cashflow. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth. For the year to June 2025, MediaCo Holding had an accrual ratio of 0.24. Therefore, we know that it's free cashflow was significantly lower than its statutory profit, which is hardly a good thing. Indeed, in the last twelve months it reported free cash flow of US$2.7m, which is significantly less than its profit of US$33.3m. Given that MediaCo Holding had negative free cash flow in the prior corresponding period, the trailing twelve month resul of US$2.7m would seem to be a step in the right direction. Unfortunately for shareholders, the company has also been issuing new shares, diluting their share of future earnings. The good news for shareholders is that MediaCo Holding's accrual ratio was much better last year, so this year's poor reading might simply be a case of a short term mismatch between profit and FCF. As a result, some shareholders may be looking for stronger cash conversion in the current year. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of MediaCo Holding. To understand the value of a company's earnings growth, it is imperative to consider any dilution of shareholders' interests. In fact, MediaCo Holding increased the number of shares on issue by 15% over the last twelve months by issuing new shares. Therefore, each share now receives a smaller portion of profit. To celebrate net income while ignoring dilution is like rejoicing because you have a single slice of a larger pizza, but ignoring the fact that the pizza is now cut into many more slices. Check out MediaCo Holding's historical EPS growth by clicking on this link. Three years ago, MediaCo Holding lost money. And even focusing only on the last twelve months, we don't have a meaningful growth rate because it made a loss a year ago, too. But mathematics aside, it is always good to see when a formerly unprofitable business come good (though we accept profit would have been higher if dilution had not been required). So you can see that the dilution has had a bit of an impact on shareholders. In the long term, if MediaCo Holding's earnings per share can increase, then the share price should too. However, if its profit increases while its earnings per share stay flat (or even fall) then shareholders might not see much benefit. For the ordinary retail shareholder, EPS is a great measure to check your hypothetical "share" of the company's profit. As it turns out, MediaCo Holding couldn't match its profit with cashflow and its dilution means that shareholders own less of the company than the did before (unless they bought more shares). For the reasons mentioned above, we think that a perfunctory glance at MediaCo Holding's statutory profits might make it look better than it really is on an underlying level. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. To that end, you should learn about the 4 warning signs we've spotted with MediaCo Holding (including 2 which are significant). Our examination of MediaCo Holding has focussed on certain factors that can make its earnings look better than they are. And, on that basis, we are somewhat skeptical. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

MediaCo's Growth Strategy Delivers: Higher Revenues, Stronger Margins Momentum Builds in 2025 as MediaCo Achieves Record First Half Revenues MediaCo First Half Digital Revenue hits Milestone 33.0% of Total Revenue NEW YORK, August 12, 2025--(BUSINESS WIRE)--Financial Results Net Revenue. Year-to-date Net Revenue was $59.3 million, up $26.4 million, or 80%, from the prior year, driven primarily by new Audio and Video segment assets from the April 2024 Estrella Acquisition. Net Loss. Year-to-date Net Loss was $17.4 million, an improvement of $34.6 million from the prior year, primarily due to higher revenue and lower corporate costs related to the April 2024 Estrella Acquisition. These gains were partially offset by higher operating, depreciation, and amortization expenses tied to the Estrella Acquisition, along with a prior-year change in fair value of warrant shares liability. Net Loss margin improved to (29)% from (158)% in the prior-year period. Adjusted EBITDA. Year-to-date Adjusted EBITDA was $2.9 million, up $7.4 million from the prior year, driven by higher revenue and improved operational management. Adjusted EBITDA margin improved to 5% from a negative margin in the prior-year period. Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. Please refer to the "Definitions and Disclosures Regarding Non- GAAP Financial Information" section herein, the reconciliations at the end of this press release and additional information on our website. 2025 Second Quarter Financial Summary 2025 First Half Financial Summary Albert Rodriguez, MediaCo CEO and President, commented, "We’re proud to report a 19% year-over-year revenue increase this quarter, clear proof that our business is not only strong but gaining real momentum. Even more compelling is the 345% surge in first half digital revenue, which now accounts for 33.0% of our total ad income. This growth is fueled by our deep connection with multicultural audiences and the cultural relevance we deliver across every platform. It’s a powerful validation of our strategy and indicates that MediaCo is leading the charge in today’s digital-first economy. This quarter delivered record revenue, with P18–49 growth in five of the last seven months. EstrellaTV was the only Spanish-language broadcast network to post year-over-year prime-time growth for the full quarter—proof of our consistent performance and enduring audience connection." Debra DeFelice, CFO and Treasurer, commented, "MediaCo delivered a record second quarter, reflecting continued strength across our portfolio. Growth was driven by increases in radio and TV advertising revenue, record-breaking digital performance, and disciplined expense management. Our successful integration of Estrella Media assets from the most recent acquisition, combined with the progressive realization of synergies across markets and multiple delivery platforms, is fueling strong, sustainable results. We remain focused on delivering strong operating performance, enhancing cash flow, and executing on our long-term growth strategy, while advancing our content offerings and accelerating digital expansion. These initiatives position us to capitalize on emerging opportunities in the second half of the year." Company and Business Highlights MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company serving multicultural audiences across the U.S. Through a network of iconic brands—including Hot 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles and the Don Cheto Radio Network—MediaCo reaches over 20 million people monthly via television, radio, digital, and streaming platforms. The company's innovative and culturally resonant content spans music, news, and entertainment across major local and national markets. New Programming: EstrellaTV is poised for continued growth with new sports, original, and acquired programming. The network secured multi-year rights to all Tigres, Tigres Femenil, Juarez, and Juarez Femenil Liga MX home games across all platforms. It also acquired multiplatform rights to the live music reality show Objetivo Fama and greenlit another season of Tengo Talento, Mucho Talento: Nueva Era for fall. Events: The 31st annual Summer Jam sold out the Prudential Center, featuring A Boogie, Wit Da Hoodie, Gunna, GloRilla and more and is back in June 2026, promising an even bigger show. In celebration of Cinco de Mayo, MediaCo’s Spanish-language radio stations hosted sold out music festivals in Los Angeles, Houston and Dallas with over 40,000 in attendance. Digital & Streaming: MediaCo expects remarkable year-over-year digital and streaming revenue growth, fueled by EstrellaTV’s Spanish-language brands and rising demand for CTV and FAST channels on major platforms. FAST watch time and monetized CTV ad inventory grew significantly in Q2. EstrellaTV and Estrella News were ranked as the top Latino-focused mixed IP FAST channels in the most recent Amagi/Ampere report. In Q2, FAST monthly watch time topped 310M minutes and monetized premium CTV ad inventory rose 290% YoY. MediaCo expanded its FAST footprint and ad mix with WAPA+ and Todos Novelas via Hemisphere Media. HOT 97’s digital platforms amplified Summer Jam with record engagement in social reach up 1,000% to 38M users and web/app visitors up nearly 80% YoY. Hot 97 TV, a new FAST channel for Hip Hop and Afro culture, is set to launch this summer and is an example of the many initiatives with Trace to expand Afro-Urban content globally. HOT 97 and WBLS also launched commercial-free stations on TuneIn’s premium service for new revenue opportunities. Radio: In early 2025, MediaCo’s radio division grew primetime A25-54 audiences 24% vs. the prior four months, outpacing the market’s 18% growth. Gains were led by KBUE/LA (+56%), KRQB/Riverside/San Bernardino (+46%), Dallas stations (+38% combined), Houston (+19%), and New York (+14% combined). Broadcast TV: EstrellaTV posted year-over-year prime time growth in five of the last seven months. Q2 P18-49 Mon–Sun prime averaged 15.3k viewers, up 23% YoY, driven by new originals and news programming. On May 14, the semifinal Liga MX match (Tigres UANL vs. Toluca) delivered the network’s largest full coverage P18-49 audience ever (+157% vs. season average). June marked the third straight monthly gain, with Mon–Fri prime up 29% YoY. Local TV: EstrellaTV Local saw strong year-over-year growth in the combined April–May book averages. Three of the network’s largest owned-and-operated stations posted gains in weekday prime among P18-49: KRCA/LA nearly doubled its audience (+96%), QFAA/Dallas grew +49%, and KZJL/Houston surged +143%. WGEN/Miami also delivered impressive results, up +198% in weekday prime among P25-54. Forward-Looking Statements This communication includes or incorporates forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"). You can identify these forward-looking statements by our use of words such as "intend," "plan," "may," "will," "project," "estimate," "anticipate," "believe," "expect," "continue," "potential," "opportunity" and similar expressions, whether in the negative or affirmative. Such forward-looking statements, which speak only as of the date hereof, are based on managements’ estimates, assumptions and beliefs regarding our future plans, intentions and expectations. We cannot guarantee that we will achieve these plans, intentions or expectations. All statements regarding our expected financial position, business, results of operations and financing plans are forward-looking statements. Actual results or events could differ materially from the plans, intentions or expectations disclosed in the forward-looking statements we make. We have included important facts in various cautionary statements in this communication that we believe could cause our actual results to differ materially from forward-looking statements that we make. The forward-looking statements do not reflect the potential impact of any future acquisitions, mergers or dispositions. We undertake no obligation to update or revise any forward-looking statements because of new information, future events or otherwise. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see MediaCo’s other filings with the Securities and Exchange Commission. Definitions and Disclosures Regarding Non-GAAP Financial Information We define Adjusted EBITDA as consolidated Operating loss adjusted to exclude restructuring expenses, business combination transaction costs, unusual and non-recurring expenditures and non-cash compensation included within operating expenses, as well as the following line items presented in our Statements of Operations: Depreciation and amortization, Loss on disposal of assets, change in fair value of warrant shares liability and Other income. Alternatively, Adjusted EBITDA is calculated as Net loss, adjusted to exclude Provision for income taxes, Interest expense, net, Depreciation and amortization, Loss on disposal of assets, Change in fair value of warrant shares liability, Other income, and Other adjustments. We use Adjusted EBITDA, among other measures, to evaluate the Company’s operating performance. This measure is among the primary measures used by management for the planning and forecasting of future periods, as well as for measuring performance for compensation of executives and other members of management. We believe this measure is an important indicator of our operational strength and performance of our business because it provides a link between operational performance and operating income. It is also a primary measure used by management in evaluating companies as potential acquisition targets. We believe the presentation of this measure is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by management. We believe it helps improve investors’ ability to understand our operating performance and makes it easier to compare our results with other companies that have different capital structures or tax rates. In addition, we believe this measure is also among the primary measures used externally by our investors, analysts and peers in our industry for purposes of valuation and comparing our operating performance to other companies in our industry. Since Adjusted EBITDA is not a measure calculated in accordance with GAAP, it should not be considered in isolation of, or as a substitute for, operating loss or net loss as an indicator of operating performance and may not be comparable to similarly titled measures employed by other companies. Adjusted EBITDA is not necessarily a measure of our ability to fund our cash needs. Because it excludes certain financial information compared with operating loss and compared with consolidated net loss, the most directly comparable GAAP financial measures, users of this financial information should consider the types of events and transactions which are excluded. For a reconciliation of these non-GAAP financial measurements to the GAAP financial results cited in this news announcement, please see the supplemental tables at the end of this release. About MediaCo Holding Inc. MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company serving multicultural audiences across the U.S. Through a network of iconic brands—including Hot 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles and the Don Cheto Radio Network—MediaCo reaches over 20 million people monthly via television, radio, digital, and streaming platforms. The company's innovative and culturally resonant content spans music, news, and entertainment across major local and national markets. More info at www.mediacoholding.com. MEDIACO HOLDING INC. NON-GAAP FINANCIAL MEASURES RECONCILIATIONS OF NET LOSS TO EBITDA AND ADJUSTED EBITDA (1) AND NET LOSS MARGIN TO ADJUSTED EBITDA MARGIN(1) View source version on businesswire.com: https://www.businesswire.com/news/home/20250811546009/en/ Contacts Investor Contact: Debra DeFelice Chief Financial Officer and Treasurer MEDIACO HOLDING INC. [email protected]