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.

On June 16, 2026, Urban One, Inc. entered into a new employment agreement with CFO Peter D. Thompson, extending his term through January 6, 2029. The agreement provides an annual base salary of $750,000, a $333,333 signing bonus, and a target annual performance bonus of $300,000 (up to 132% for superior performance). Mr. Thompson is eligible for a $850,000 completion bonus if material weaknesses from the 2025 Form 10-K are remediated. The contract also includes tiered stock-based compensation and performance grants of Class D common stock and options. Additionally, the company reported results from its June 11, 2026, annual meeting, where six director nominees were elected, the 2026 Equity and Performance Incentive Plan was approved, and PricewaterhouseCoopers LLP was ratified as the independent auditor. Urban One operates in the media industry, providing targeted audio and digital content.