Earnings ·
Urban One reported second quarter 2026 results with net revenue of $85.8 million, a 6.4% decline from the prior year…
UONEUrban One, Inc.
Urban One reported second quarter 2026 results with net revenue of $85.8 million, a 6.4% decline from the prior year period. The company posted an operating loss of $11.2 million and a net loss attributable to common stockholders of $7.1 million, or $(1.58) per share. Adjusted EBITDA was $11.7 million, down from $14.0 million in the same period last year. Management updated its full-year 2026 guidance, lowering the anticipated Adjusted EBITDA to the mid-fifty-million dollar range from a previous target of $60 million due to current marketplace conditions. During the quarter, the company repurchased approximately $23.5 million of its Second Lien Notes at 42% of par and completed the disposition of radio stations WLNK and WMXG in Charlotte for a combined gain of $4.7 million. Urban One operates in the broadcasting and media industry, owning and operating radio stations and cable television networks.