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Side-by-side financial comparison of Mediaco Holding Inc. (MDIA) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.

Mediaco Holding Inc. is the larger business by last-quarter revenue ($38.7M vs $25.9M, roughly 1.5× NaaS Technology Inc.). Mediaco Holding Inc. runs the higher net margin — -83.6% vs -193.3%, a 109.6% gap on every dollar of revenue. On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs 17.9%).

MediaCo Holding Inc. is an American media company with offices based in Burbank, California and New York City, owned by private equity firms HPS Investment Partners, LLC and Standard General. MediaCo caters to the African-American and the Spanish-speaking Hispanic communities. The company owns television and radio stations in several of the top multicultural markets, and is the parent company of the Estrella TV network.

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

MDIA vs NAAS — Head-to-Head

Bigger by revenue
MDIA
MDIA
1.5× larger
MDIA
$38.7M
$25.9M
NAAS
Growing faster (revenue YoY)
NAAS
NAAS
+103.4% gap
NAAS
121.2%
17.9%
MDIA
Higher net margin
MDIA
MDIA
109.6% more per $
MDIA
-83.6%
-193.3%
NAAS

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
MDIA
MDIA
NAAS
NAAS
Revenue
$38.7M
$25.9M
Net Profit
$-32.3M
$-50.0M
Gross Margin
29.2%
Operating Margin
-16.0%
-144.2%
Net Margin
-83.6%
-193.3%
Revenue YoY
17.9%
121.2%
Net Profit YoY
-661.9%
18.4%
EPS (diluted)
$-0.39
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MDIA
MDIA
NAAS
NAAS
Q4 25
$38.7M
Q3 25
$35.4M
Q2 25
$31.2M
Q1 25
$28.0M
Q4 24
$32.8M
Q3 24
$29.9M
Q2 24
$26.2M
$25.9M
Q1 24
$6.7M
Net Profit
MDIA
MDIA
NAAS
NAAS
Q4 25
$-32.3M
Q3 25
$-17.9M
Q2 25
$-7.4M
Q1 25
$-8.6M
Q4 24
$-4.2M
Q3 24
$54.9M
Q2 24
$-48.3M
$-50.0M
Q1 24
$-3.7M
Gross Margin
MDIA
MDIA
NAAS
NAAS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
29.2%
Q1 24
Operating Margin
MDIA
MDIA
NAAS
NAAS
Q4 25
-16.0%
Q3 25
-20.0%
Q2 25
-21.7%
Q1 25
-16.7%
Q4 24
-13.8%
Q3 24
-23.0%
Q2 24
-50.9%
-144.2%
Q1 24
-51.7%
Net Margin
MDIA
MDIA
NAAS
NAAS
Q4 25
-83.6%
Q3 25
-50.5%
Q2 25
-23.7%
Q1 25
-30.7%
Q4 24
-12.9%
Q3 24
184.0%
Q2 24
-184.4%
-193.3%
Q1 24
-54.8%
EPS (diluted)
MDIA
MDIA
NAAS
NAAS
Q4 25
$-0.39
Q3 25
$-0.22
Q2 25
$-0.11
Q1 25
$-0.12
Q4 24
$0.19
Q3 24
$0.66
Q2 24
$-0.75
$-0.02
Q1 24
$-0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MDIA
MDIA
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$5.1M
$24.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$46.3M
$-33.4M
Total Assets
$291.1M
$180.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDIA
MDIA
NAAS
NAAS
Q4 25
$5.1M
Q3 25
$6.2M
Q2 25
$2.9M
Q1 25
$6.3M
Q4 24
$4.4M
Q3 24
$7.7M
Q2 24
$9.9M
$24.7M
Q1 24
$4.0M
Stockholders' Equity
MDIA
MDIA
NAAS
NAAS
Q4 25
$46.3M
Q3 25
$86.7M
Q2 25
$97.3M
Q1 25
$85.5M
Q4 24
$62.1M
Q3 24
$67.9M
Q2 24
$13.7M
$-33.4M
Q1 24
$33.3M
Total Assets
MDIA
MDIA
NAAS
NAAS
Q4 25
$291.1M
Q3 25
$319.4M
Q2 25
$315.1M
Q1 25
$317.7M
Q4 24
$325.5M
Q3 24
$338.4M
Q2 24
$338.6M
$180.2M
Q1 24
$325.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MDIA
MDIA
NAAS
NAAS
Operating Cash FlowLast quarter
$32.0K
$-25.7M
Free Cash FlowOCF − Capex
$-460.0K
FCF MarginFCF / Revenue
-1.2%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDIA
MDIA
NAAS
NAAS
Q4 25
$32.0K
Q3 25
$2.8M
Q2 25
$-3.0M
Q1 25
$2.1M
Q4 24
$10.9M
Q3 24
$-6.0M
Q2 24
$-25.1M
$-25.7M
Q1 24
$412.0K
Free Cash Flow
MDIA
MDIA
NAAS
NAAS
Q4 25
$-460.0K
Q3 25
$2.8M
Q2 25
$-3.2M
Q1 25
$2.0M
Q4 24
$10.5M
Q3 24
$-6.6M
Q2 24
$-25.2M
Q1 24
$386.0K
FCF Margin
MDIA
MDIA
NAAS
NAAS
Q4 25
-1.2%
Q3 25
8.0%
Q2 25
-10.2%
Q1 25
7.1%
Q4 24
31.9%
Q3 24
-22.2%
Q2 24
-96.1%
Q1 24
5.8%
Capex Intensity
MDIA
MDIA
NAAS
NAAS
Q4 25
1.3%
Q3 25
0.0%
Q2 25
0.7%
Q1 25
0.2%
Q4 24
1.2%
Q3 24
2.1%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
MDIA
MDIA
NAAS
NAAS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.11×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MDIA
MDIA

Video Segment$26.4M68%
Advertising$10.0M26%
Other$1.7M4%
Service Other$536.0K1%

NAAS
NAAS

Segment breakdown not available.

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