Business
URBAN ONE, INC. REPORTS FIRST QUARTER 2025 RESULTS
Urban One, Inc. (NASDAQ: UONEK and UONE) 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 incom
About this update from Urban One, Inc.
[{"type":"text","content":"SILVER SPRING, Md., May 13, 2025 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) 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.","length":1072,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Urban One, Inc.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Urban One, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/fa438b8335b763ee10fdaa573bad39ec"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nhi1JLDn2jOo6.CyFaBu.A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/fa438b8335b763ee10fdaa573bad39ec","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/509218/Urban_One_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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 yea...