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Urban One, Inc. Reports Financial Results for the Second Quarter of 2026

Urban One, Inc., a leading diversified media company targeting Black Americans and urban consumers in the United States, has published its financial results for the quarter concluding on June 30, 2026. This release comes during a challenging economic period, yet the company is beginning to show signs of improvement across certain key metrics.

Financial Performance Overview

For the three months that ended on June 30, 2026, Urban One disclosed net revenue of approximately $85.8 million, marking a 6.4% decline compared to the previous year’s quarter. Despite the drop in revenue, the company reported a significant improvement in its operating loss, which stood at approximately $11.2 million, versus a staggering $120.7 million for the same quarter in 2025.

CEO Alfred C. Liggins, III, noted these improved results, stating, "We observed a sequential enhancement in the second quarter in comparison to the first quarter, characterized by a decrease in the rate of revenue decline." Among the various sectors, cable television revenue fell by 7.4%, digital by 8.4%, radio by 3.9%, and Reach Media saw a decline of 10.6%. Notably, the company managed to generate around $1.4 million in gross political advertising during this period.

Revenue Segmentation

The financial report also highlighted the performance across Urban One's business divisions:

• - Radio Broadcasting: Revenue of $35.3 million, down from $36.7 million last year. This reduction was largely attributed to softer market conditions affecting both national and local advertising.
• - Reach Media: Revenue fell to $4.8 million, a decline from $5.3 million year-over-year, driven by a decrease in syndicated revenue.
• - Digital Segment: Revenue dropped to $9.4 million, down from $10.3 million in the same period last year, impacted primarily by falling direct revenue streams.
• - Cable Television: Revenue decreased to $37.1 million, down from $40.1 million in the prior year quarter, with a noted churn in subscribers and decreased advertising sales.

Operational Adjustments and Debt Management

Urban One has been diligent in managing its operations and finances. The company has taken steps to reduce its long-term debt, successfully repurchasing approximately $23.5 million of its 2031 Second Lien Notes at an average price of about 42.0% of par. This represents a total long-term debt reduction of $60.2 million so far this year, yielding an annual interest savings of $4.6 million.

During the quarter, Urban One continued to address profitability challenges, particularly at Reach Media, which is undergoing a turnaround phase marked by client attrition and the rebuilding of sales teams. As part of ongoing cash flow management, the company remains focused on collecting receivables and curtailing discretionary expenses.

Forward-Looking Statements

In light of prevailing market challenges, Urban One has revised its Adjusted EBITDA forecast for 2026 to position itself around the mid-fifty-million-dollar mark. This adjustment reflects the current economic landscape and informs stakeholders about realistic expectations moving forward.

The organization will be holding a conference call to delve deeper into these results and future strategies on August 4, 2026, aimed at investors, analysts, and interested parties.

Urban One remains committed to its mission of providing meaningful media experiences to its target audience and looks forward to navigating these challenges with a solidified focus on operational efficiencies and debt management strategies.

Conclusion

As Urban One, Inc. moves through these trying times, its latest financial reports reveal a path toward recovery. Though faced with multiple declines in revenue across several segments, the company’s steps reflect its commitment to improving its fiscal health and sustaining its place as a leading media entity focused on Black Americans and urban consumers.