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Stock Plummets 44% Despite Revenue Growth
2 Aug
Summary
- Stock declined 44% over the past year, hitting a low of $5.11.
- First quarter revenue increased 14% year-over-year to $51.7 million.
- Digital revenue decreased 12.7%, impacted by tough ad comparisons.
The media company, founded in 1998, reported first-quarter 2026 total revenue of $51.7 million, a 14% increase compared to the previous year and exceeding analyst estimates. Broadcast revenue saw a substantial rise of 20.8%, propelled by a significant increase in affiliate fees and licensing revenue. However, digital revenue declined by 12.7%, attributed to challenging comparisons with the advertising environment of early 2025, which was boosted by election coverage.
As of July 30, 2026, the company's stock was trading at $7.83, down 44% from its 52-week high of $15.94 recorded on August 26, 2025. Despite this decline, the stock has shown recent strength, climbing 20% over the past three months and recovering from its 52-week low of $5.11 on March 31, 2026. Investor interest has been rekindled by positive revenue momentum and international expansion efforts.
