Revenue: As of FY2026 Q1, the actual value is USD 77.65 M.EPS: As of FY2026 Q1, the actual value is USD -0.69.EBIT: As of FY2026 Q1, the actual value is USD 2.184 M.<h4>Segment Revenue (in thousands)</h4><ul><li>Consolidated Net Revenue: Urban One, Inc. recognized $77,651 in net revenue for the three months ended March 31, 2026, a decrease from $92,235 for the same period in 2025, representing a -15.8% change.</li><li>Radio Broadcasting Segment: Net revenue was $30,536 in 2026, down from $32,610 in 2025, primarily due to weaker overall market demand from national and local advertisers.</li><li>Reach Media Segment: Net revenue was $4,860 in 2026, down from $5,853 in 2025, mainly driven by a decline in national sales.</li><li>Digital Segment: Net revenue was $6,788 in 2026, down from $10,212 in 2025, primarily due to reduced advertising spend from diversity, equity, and inclusion-focused campaigns.</li><li>Cable Television Segment: Net revenue was $36,032 in 2026, down from $44,193 in 2025, mainly due to subscriber churn and lower advertising sales.</li></ul><h4>Net Revenue by Source (in thousands)</h4><ul><li>Radio advertising: $32,124 in 2026 compared to $36,217 in 2025, a -11.3% change.</li><li>Political advertising: $900 in 2026 compared to $150 in 2025.</li><li>Digital advertising: $6,784 in 2026 compared to $10,211 in 2025, a -33.6% change.</li><li>Cable Television advertising: $19,095 in 2026 compared to $25,425 in 2025, a -24.9% change.</li><li>Cable Television affiliate fees: $16,877 in 2026 compared to $18,717 in 2025, a -9.8% change.</li><li>Event revenues &amp; other: $1,871 in 2026 compared to $1,515 in 2025, a 23.5% change.</li></ul><h4>Segment Adjusted EBITDA (in thousands)</h4><ul><li>Radio Broadcasting: Segment Adjusted EBITDA was $1,819 in 2026, down from $2,848 in 2025.<ul><li>Programming and technical expenses were $11,606 in 2026, up from $11,293 in 2025.</li><li>Sales and marketing expenses were $10,518 in 2026, down from $11,546 in 2025.</li><li>General and administrative expenses were $6,641 in 2026, down from $7,050 in 2025.</li></ul></li><li>Reach Media: Segment Adjusted EBITDA was - $529 in 2026, compared to - $551 in 2025.<ul><li>Programming and technical expenses were $3,083 in 2026, down from $3,368 in 2025.</li><li>Sales and marketing expenses were $1,643 in 2026, down from $2,125 in 2025.</li><li>General and administrative expenses were $735 in 2026, down from $1,026 in 2025.</li></ul></li><li>Digital: Segment Adjusted EBITDA was - $1,361 in 2026, down from $58 in 2025.<ul><li>Programming and technical expenses were $3,040 in 2026, down from $3,187 in 2025.</li><li>Sales and marketing expenses were $4,627 in 2026, down from $6,787 in 2025.</li><li>General and administrative expenses were $488 in 2026, up from $184 in 2025.</li></ul></li><li>Cable Television: Segment Adjusted EBITDA was $12,944 in 2026, down from $18,592 in 2025.<ul><li>Programming and technical expenses were $12,446 in 2026, down from $12,909 in 2025.</li><li>Sales and marketing expenses were $7,403 in 2026, down from $9,096 in 2025.</li><li>General and administrative expenses were $3,239 in 2026, down from $3,595 in 2025.</li></ul></li></ul><h4>Consolidated Operational Metrics (in thousands)</h4><ul><li>Operating (loss) income: Urban One, Inc. reported an operating loss of - $2,215 in 2026, compared to an operating income of $2,098 in 2025.</li><li>Interest expense: Interest expense decreased to - $4,407 in 2026 from - $10,924 in 2025, a -59.7% change, primarily due to lower overall debt balances and effective interest rates.</li><li>Gain on retirement of debt: The company recorded a gain of $2,080 in 2026, down from $11,587 in 2025, a -82.0% change.</li><li>Benefit from (provision for) income taxes: A benefit of $1,441 was recorded in 2026, compared to a provision of - $15,658 in 2025.</li><li>Net loss attributable to common stockholders: The net loss was - $3,079 in 2026, an improvement from - $11,742 in 2025.</li><li>Depreciation and amortization: This expense increased to $6,177 in 2026 from $2,315 in 2025, largely due to Radio Broadcasting licenses amortization starting in Q2 2025.</li><li>Impairment of intangible assets: No impairment was recorded in 2026, compared to $6,443 in 2025.</li></ul><h4>Cash Flow (in thousands)</h4><ul><li>Net cash flows provided by operating activities: $22,072 in 2026, significantly up from $2,085 in 2025, mainly due to the timing of contractual interest payments following the 2025 refinancing.</li><li>Net cash flows used in investing activities: - $3,352 in 2026, compared to - $2,547 in 2025, an increase primarily due to higher capital expenditures.</li><li>Net cash flows used in financing activities: - $17,036 in 2026, compared to - $21,544 in 2025, a decrease primarily driven by debt repurchase activity and the purchase of non-controlling interest in Reach Media.</li><li>Cash, cash equivalents, and restricted cash, end of period: $28,042 in 2026, down from $115,568 in 2025.</li></ul><h4>Debt Repurchases (Three Months Ended March 31, 2026)</h4><ul><li>Approximately $4,300 thousand of its 2028 Notes were repurchased at an average price of 51.0% of par, resulting in a net gain on retirement of debt of approximately $2,100 thousand.</li><li>Approximately $32,400 thousand of its 2031 Second Lien Notes were repurchased at an average price of 40.7% of par, leading to an additional premium of $19,300 thousand recorded in long-term debt.</li></ul><h4>Subsequent Debt Repurchases (April 2026)</h4><ul><li>Approximately $23,500 thousand of 2031 Second Lien Notes were repurchased at an average price of 42.0% of par, reducing the total outstanding balance to $235,100 thousand.</li></ul><h4>Asset-Backed Line of Credit (ABL Facility) (in thousands)</h4><ul><li>As of March 31, 2026, there were $10,000 borrowings outstanding on the Current ABL Facility, with a borrowing capacity of approximately $31,800.</li><li>In the second quarter of 2026, Urban One, Inc. made two separate draws of $5,000 each, totaling $10,000, with interest rates of approximately 6.75% and 6.01%, respectively.</li><li>After these additional draws, the company’s borrowing capacity under the ABL Facility was approximately $22,000.</li></ul><h4>Capital Expenditures (in thousands)</h4><ul><li>Consolidated: Capital expenditures totaled $3,352 in 2026, up from $2,547 in 2025.</li><li>Radio Broadcasting: $2,887 in 2026, up from $2,135 in 2025.</li><li>Digital: $319 in 2026, up from $284 in 2025.</li><li>Cable Television: $55 in 2026, compared to - $0 in 2025.</li></ul><h4>Dispositions and Acquisitions</h4><ul><li>In March 2026, Urban One, Inc. agreed to sell its WMXG and WLNK-FM radio broadcasting licenses and associated assets in Charlotte, North Carolina, for approximately $0.7 million and $4.2 million, respectively, pending FCC approval.</li><li>On April 28, 2026, Urban One, Inc. agreed to acquire Service Broadcasting Group, LLC, including radio stations KKDA and KRNB in Dallas, Texas, for $22,000 thousand, and simultaneously agreed to sell radio station KZMJ for $6,000 thousand.</li></ul><h4>Future Outlook and Strategy</h4>Urban One, Inc. anticipates that cash flows from operations and available borrowings under its asset-backed credit facility will be sufficient to meet foreseeable cash requirements. The company continuously monitors macroeconomic conditions like inflation and interest rates, which could impact revenues. Management is actively implementing remediation efforts to address identified material weaknesses in internal control over financial reporting, focusing on enhancing entity-level controls, improving IT general controls, and strengthening financial statement close processes and significant judgments.

Urban One | 10-Q: FY2026 Q1 Revenue: USD 77.65 M