Overview

* Urban One ( UONE ) 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 ( UONE ) reduces full-year Adjusted EBITDA guidance to $56-58 mln

* Company expects Q4 Radio segment revenue to decline 30.2%

* Urban One ( UONE ) 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/Mis Actual Consensu

s s

Estimate

Q3 $92.70

Revenue mln

Q3 Net -$2.80

Income mln

Q3 $14.20

Adjusted mln

EBITDA

Q3 $2.50

Operatin mln

g Income

Press Release:

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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.)