Overview
Urban One Q3 revenue declines 16% yr/yr to $92.7 mln
Company reports Q3 net loss of $2.8 mln, improved from $31.8 mln loss last year
Adjusted EBITDA for Q3 falls to $14.2 mln from $25.4 mln in 2024
Outlook
Urban One reduces full-year Adjusted EBITDA guidance to $56-58 mln
Company expects Q4 Radio segment revenue to decline 30.2%
Urban One focuses on cost control amid soft market conditions
Result Drivers
RADIO SEGMENT DECLINE - Core radio revenue, excluding political, fell 8.1% due to weaker market demand and non-returning political revenues
DIGITAL AND REACH MEDIA - Revenues at Reach Media and Digital segments decreased by 40% and 30% respectively, driven by lower national sales and direct revenue streams
CABLE TV REVENUE - Cable TV advertising and affiliate revenue declined due to subscriber churn and lower advertising sales
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $92.70 mln | ||
Q3 Net Income | -$2.80 mln | ||
Q3 Adjusted EBITDA | $14.20 mln | ||
Q3 Operating Income | $2.50 mln |
Press Release: ID:nPn3KyzM3a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)