#USA #Silver Spring #Urban One #TV One #Reach Media

Urban One Reports Third Quarter 2025 Results

Urban One, Inc. (NASDAQ: UONEK and UONE) provided a detailed report on its performance for the third quarter of 2025, disclosing notable financial details that reflect both challenges and slight recoveries in its operations. For the period ended September 30, 2025, the company's net revenue reached approximately $92.7 million, representing a 16.0% decrease compared to $110.4 million in the same quarter of the previous year.

This decline can largely be attributed to reduced advertising demand across various platforms, notably in radio broadcasting and digital segments, coupled with decreased political revenue, which has historically served as a boon during election cycles. Despite these challenges, Urban One reported an operating income of around $2.5 million, a notable turn from the operating loss of approximately $26.2 million registered in Q3 2024.

The company’s Broadcast and Digital segments, while yielding operating income of about $20 million, indicated a significant decline of 43.6% when juxtaposed with the previous year, reflecting the broader advertising market's struggles. Alfred C. Liggins, III, Urban One's CEO, acknowledged the softer than anticipated results, expressing concerns over a steep drop in core radio revenues and highlighting that political advertising contributions fell drastically by 94%, further exacerbating revenue pressures.

Liggins noted that cost control and management of debt remain critical focal points for Urban One. The company has proactively repurchased $4.5 million of its 2028 Notes, lowering the outstanding debt to approximately $487.8 million.

By segment, Urban One's radio broadcasting saw revenues plummet to around $34.7 million from $39.7 million year-over-year, while the Reach Media segment's revenue dropped significantly to $6.1 million from $10.2 million during the same period. Additionally, digital revenue fell to $12.7 million from $18.3 million, indicating a substantial dip driven by declining direct revenue streams and lower contributions from political advertising. Cable television advertising also saw a drop, bringing in $39.8 million, down from $42.8 million the previous year due to subscriber churn and reduced advertising sales.

On a broader scale, Urban One's revenue for the first nine months of 2025 totalled $276.5 million, down 16.8% from $332.5 million in the same period the previous year.

Moreover, Urban One's operating expenses for Q3 amounted to about $90.2 million, down from $136.6 million, reflecting efforts towards cost-cutting amid diminishing revenues. Interestingly, there was no impairment recorded for goodwill or intangible assets this quarter, unlike the previous year, where a significant impairment of $46.8 million was recognized.

Looking ahead, Urban One has adjusted its full-year guidance for Adjusted EBITDA from $60 million to a new range of $56 to $58 million. The adjustment signals caution as the company navigates a challenging financial landscape, compounded by ongoing market uncertainties.

In response to these results, Urban One will hold a conference call on November 4, 2025, aimed at providing a comprehensive outlook on the company's performance and future strategies, signaling its commitment to informing shareholders and stakeholders amidst these challenging times.

As the largest diversified media company focusing on Black and urban consumers in the U.S., Urban One remains invested in leveraging its assets, including the TV One network, to enhance viewer engagement while addressing the evolving market dynamics that continue to impact its operations.