Urban One Reports 22 Percent Drop In Net Revenue

Urban One, Inc. released its Q2 2025 earnings report Wednesday. 

Here are the key details:

• Net Revenue: $91.6 million, down 22.2% from $117.7 million in Q2 2024, driven by weaker performance in Reach Media and Digital segments, partly due to the rescheduling of the Tom Joyner Fantastic Voyage event to Q4 2025.
• Operating Loss: $120.7 million, nearly double the $60.4 million loss in Q2 2024, largely due to a $130.1 million impairment of goodwill and intangible assets.
• Net Loss: $77.9 million, or $1.74 per share (basic), compared to a $45.4 million loss, or $0.94 per share, in Q2 2024.
• Adjusted Earnings: 49 cents per share after adjusting for one-time gains and costs.
• Adjusted EBITDA: $14.0 million, a 51.6% drop from $28.9 million in Q2 2024.
• Segment Performance: Radio Broadcasting: Revenue fell 12.6% to $36.7 million; core radio advertising (excluding digital) was down 11.8%.
• Reach Media: Revenue dropped to $5.3 million from $18.9 million, impacted by client attrition and lower CPMs.
• Digital: Revenue decreased 27.1% to $10.3 million due to lower advertising demand and reduced streaming CPMs.
• Cable Television: Revenue down 7.5% to $40.1 million, with advertising down 4.2% and affiliate revenue down 11.7% due to subscriber churn.
• Debt Management: Repurchased $64.0 million of 2028 Notes at 51.8% of par, reducing outstanding debt to $492.3 million.