Urban One, Inc. today reported its results for the three months ended March 31, 2025. For the three months ended March 31, 2025, net revenue was approximately $92.2 million, a decrease of 11.7% from the same period in 2024. The Company reported operating income of approximately $2.1 million for the three months ended March 31, 2025, compared to operating income of approximately $12.9 million for the three months ended March 31, 2024. Broadcast and digital operating income1 was approximately $23.0 million, a decrease of 28.1% from the same period in 2024. Net loss was approximately $11.7 million or $(0.26) per share (basic) for the three months ended March 31, 2025 compared to net income of $7.5 million or $0.15 per share (basic) for the same period in 2024. Adjusted EBITDA2 was approximately $12.9 million for the three months ended March 31, 2025, compared to approximately $22.3 million for the same period in 2024.
Alfred C. Liggins, III, Urban One’s CEO and President stated, “First quarter results were broadly in line with expectations: core radio advertising finished at (12.4)% excluding digital, and Cable TV advertising was (6.3)%. Our cable TV ratings stabilized significantly in the first quarter of 2025 and are performing in line with our 2025 budget. Second quarter core radio advertising pacings have weakened over the past several weeks, and are now (8.7)%. Our first quarter 2025 digital revenues were down (16.1)% driven by expected weakness in streaming and podcasting revenues. Based on our year to date performance, we reaffirm our full year guidance of $75 million in Adjusted EBITDA2. Our cumulative debt repurchases so far in 2025 are $88.6 million at an average price of 53.9%, resulting in reduced gross debt of $495.9 million, and we currently have approximately $79.8 million of cash on hand. In a challenging marketplace, our focus remains on controlling costs, managing leverage and retaining a strong liquidity position.”
Urban One Inc., together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. The Company owns TV One, LLC, a television network serving more than 35 million households, offering a broad range of original programming, classic series and movies designed to entertain, inform, and inspire a diverse audience of adult Black viewers. As of March 27, 2025, they owned and/or operated 72 independently formatted, revenues producing broadcast stations (including 57 FM or AM stations, 13 HD stations, and the 2 low power television stations) branded under the trade name “Radio One” in 13 urban markets in the United States. Through its controlling interest in Reach Media, Inc., the Company also operates syndicated programming including the Rickey Smiley Morning Show, and the DL Hughley Show. In addition to its radio and television broadcast assets, Urban One owns iOne Digital, a wholly owned digital platform serving the African American community through social content, news, information, and entertainment websites. Through their national multi-media operations, they provide advertisers with a unique and powerful delivery mechanism to the African American and urban audiences.
