Earnings ·
Urban One reports Q3 net loss of $119.2M and cuts full-year Adjusted EBITDA guidance to $40.0M
UONEUrban One, Inc.
Urban One reported a third-quarter net loss attributable to common stockholders of approximately $119.2 million, or $(26.39) per share, compared to a $2.8 million loss in the prior-year period. Net revenue declined 5.0% to $88.0 million, driven by weak demand in cable TV and digital advertising segments, partially offset by political ad revenue and acquisitions in Dallas. The company recorded a significant $128.9 million impairment charge related to goodwill and intangible assets. Additionally, Urban One revised its full-year 2026 Adjusted EBITDA guidance down to $40.0 million from the previous mid-fifty-million dollar range, citing challenging advertising market conditions. The company operates in the radio broadcasting, digital media, and cable television industries.