Urban One Q3 Revenue Drops 16%

Urban One Q3 2025 net revenue fell 16% to $92.7 million from $110.4 million, hit by double-digit declines in radio, digital, and cable; the company swung to a $2.5 million operating profit from a $26.2 million loss a year ago and cut full-year EBITDA guidance to $56–$58 million.

Key Financials: Net loss narrowed to $2.8 million ($0.06/share) from $31.8 million ($0.68). Adjusted EBITDA dropped 44% to $14.2 million; broadcast/digital operating income down 43.6% to $20 million.

Segment Declines:

• Radio: $34.7 million (-12.6%) on weaker local/national demand; core radio (ex-political) -8.1%, Q4 pacing -6.4%.
• Reach Media: $6.1 million (-40%) from soft national sales.
• Digital: $12.7 million (-30.6%) due to lower direct/political revenue.
• Cable TV: $39.8 million (-7%) from ad softness and subscriber churn.Cost & Debt Wins: Operating expenses fell to $83.7 million (-4.2%); interest expense down to $9.4 million. Repurchased $4.5 million of 2028 Notes at ~52% par, cutting debt to $487.8 million; bought back ~769,000 shares.

CEO Outlook: Alfred C. Liggins III called results “slightly softer than expected,” citing market weakness. Focus remains on cost control, debt, and liquidity into 2026.