MediaCo In Q3: Digital Growth Offset by Big Warrant Adjustment
The Hot 97, WBLS, and Estrella Media owner reported revenue of $35.4 million for the three months ended September 30, up 18.5% from $29.9 million in the same period last year. However, operating expenses climbed 15.7% to $42.5 million, resulting in an operating loss of $7.1 million.
