Urban One, Inc. · NASDAQ:UONE
Urban One — Presentation (November 2025)
11 slides from Urban One's investor presentation, Nov 14, 2025
Slide 1: Discussion Materials
C O N F I D E N T I A L November 7, 2025 Discussion Materials Exhibit 99.3
Slide 2: Confidentiality and forward-looking statements
C O N F I D E N T I A L This presentation contains confidential information pertaining to Urban One, Inc. (“we” or the “Company”). This presentation is being provided on a confidential basis to the recipient solely to assist the recipient in evaluating a potential transaction (the “Transaction”) wit
Slide 3: 2025 Quarterly Performance Update
C O N F I D E N T I A L 2025 Quarterly Performance Update 3 Note: LFCF excludes the impact of share repurchases and dividends to Reach shareholders 1. Operating expenses exclude depreciation and amortization, stock-based compensation, and impairment of goodwill and intangible assets $ in millions Q1
Slide 4: Forecast Summary P&L Output
C O N F I D E N T I A L Forecast Summary P&L Output 4 Note: 2023A figures include partial year contribution only from net acquisition of two Houston radio stations (four stations acquired and two divested); LFCF excludes the impact of share repurchases and dividends to Reach shareholders 1. Segment
Slide 5: Normalization of EBITDA for Non-Cash Items
C O N F I D E N T I A L Normalization of EBITDA for Non-Cash Items 5 1. In January 2024, the Company, in consultation with its auditors, prospectively changed the definition of Adj. EBITDA to include the TV One award expense 2. Due to the reduced valuation of the Cable TV reporting unit, this result
Slide 6: Appendix: Reconciliation of Non-GAAP Financial Measures
C O N F I D E N T I A L APPENDIX RECONCILIATION OF NON-GAAP FINANCIAL MEASURES 6
Slide 7: Segment Statement of Operations FY2023A and FY2024A
C O N F I D E N T I A L Segment Adj. EBITDA 7 1. Segment information for 2024A has been recast to reclassify a portion of revenues from our CTV offering from the Digital segment to the Cable Television segment; no reclassification for 2023A 2. Segment information for 2024A has been recast to conform
Slide 8: Segment Statement of Operations Q1-Q2 2025
C O N F I D E N T I A L Segment Adj. EBITDA (Quarterly) 8 $ in millions STATEMENT OF OPERATIONS Consolidated Radio Broadcasting Cable Television Digital Reach Media Corporate/ Eliminations/ Other Q1 '25A NET REVENUE $92.2 $32.6 $44.2 $10.2 $5.9 ($0.6) LESS: Programming and technical 30.6 11.3 12.9 3
Slide 9: Segment Statement of Operations Q3 2025
C O N F I D E N T I A L Segment Adj. EBITDA (Quarterly) 9 $ in millions STATEMENT OF OPERATIONS Consolidated Radio Broadcasting Cable Television Digital Reach Media Corporate/ Eliminations/ Other Q3 '25A NET REVENUE $92.7 $34.7 $39.8 $12.7 $6.1 ($0.7) LESS: Programming and technical 34.7 14.3 14.3 3
Slide 10: Reconciliation of Net Loss to Adj. EBITDA
C O N F I D E N T I A L Reconciliation of Adj. EBITDA (Quarterly) 10 1. Corporate costs primarily include professional fees related to the material weakness remediation efforts 2. Non-recurring litigation settlement costs include a $3.1 million charge related to the rate increase for royalties for h
Slide 11: Reconciliation of Segment Income to Adj. EBITDA
C O N F I D E N T I A L Reconciliation of Segment Adj. EBITDA (Quarterly) 11 1. Corporate costs primarily include professional fees related to the material weakness remediation efforts 2. Non-recurring litigation settlement costs include a $3.1 million charge related to the rate increase for royalti