Overview

* Urban One ( UONE ) Q2 rev falls 22.2% yr/yr, impacted by weaker Reach Media performance

* Co reports Q2 operating loss of $120.7 mln, net loss of $77.9 mln

* Adjusted EBITDA declines to $14 mln; full-year guidance cut to $60 mln

Outlook

* Urban One ( UONE ) reduces full-year Adjusted EBITDA guidance to $60 mln, citing economic headwinds

* Urban One ( UONE ) notes sequential improvement in radio pacing for Q3

* Company focuses on cost control and maintaining liquidity amid challenges

Result Drivers

* REACH MEDIA - Weaker performance due to client attrition and lower CPM, segment was loss-making

* DIGITAL SEGMENT - Lower advertising demand and reduced streaming CPM impacted revenue

* RADIO ADVERTISING - Core radio advertising down 11.8% due to declining national demand

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $91.60

Revenue mln

Q2 EPS -$1.74

Q2 Net -$77.90

Income mln

Q2 $14 mln

Adjusted

EBITDA

Q2 -$120.70

Operatin mln

g Income

Press Release:

(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.)