Urban One | 8-K: FY2026 Q2 Revenue: USD 85.76 M

Revenue: As of FY2026 Q2, the actual value is USD 85.76 M.

EPS: As of FY2026 Q2, the actual value is USD -1.58.

EBIT: As of FY2026 Q2, the actual value is USD -9.169 M.

Consolidated Financial Highlights (Three Months Ended June 30, 2026 vs. 2025)

Urban One, Inc. reported an operating loss of - $11.2 million for the three months ended June 30, 2026, a significant improvement from an operating loss of - $120.7 million in the same period in 2025. Net loss was - $7.1 million for the three months ended June 30, 2026, compared to - $77.9 million for the same period in 2025. Broadcast and Digital Operating Income decreased by $3.5 million to $22.2 million for the three months ended June 30, 2026, from $25.7 million in 2025. Adjusted EBITDA was $11.7 million for the three months ended June 30, 2026, compared to $14.0 million for the same period in 2025. Operating expenses, excluding D&A, stock-based compensation, and impairment, were $75.0 million in 2026, down 4.1% from $78.1 million in 2025. Impairment of goodwill, intangible assets, and long-lived assets was $14.2 million in 2026, which included $13.9 million goodwill impairment and $0.3 million long-lived asset impairment related to the Reach Media reporting unit, a substantial decrease from $130.1 million in 2025. Depreciation and amortization expense increased by $2.7 million to $6.2 million in 2026 from $3.5 million in 2025, primarily due to Radio Broadcasting licenses amortization. Interest expense decreased by $7.6 million to $2.1 million in 2026 from $9.7 million in 2025. The company recorded a benefit from income taxes of $1.7 million in 2026 (effective tax rate of 19.6%) compared to $21.4 million in 2025 (effective tax rate of 21.5%). Capital expenditures increased to $1.7 million in 2026 from $1.2 million in 2025. A gain on sale of business of $4.7 million was recognized for the three and six months ended June 30, 2026. A gain on retirement of debt of $2.080 million was recorded for the six months ended June 30, 2026, compared to $30.3 million for the three months ended June 30, 2025, and $41.9 million for the six months ended June 30, 2025.

Consolidated Financial Highlights (Six Months Ended June 30, 2026 vs. 2025)

For the six months ended June 30, 2026, Urban One, Inc.’s operating loss was - $13.454 million, compared to - $118.586 million for the same period in 2025. Net loss was - $10.079 million, an improvement from - $89.708 million in 2025. Broadcast and Digital Operating Income was $37.016 million, down from $48.680 million in 2025. Adjusted EBITDA was $16.379 million, compared to $26.817 million for the same period in 2025.

Segment Revenue (Three Months Ended June 30, 2026 vs. 2025)

• Radio Broadcasting: Revenue was $35.3 million in 2026, a decrease of $1.4 million (3.9%) from $36.7 million in 2025.
• Reach Media: Revenue was $4.8 million in 2026, a decrease of $0.5 million (10.6%) from $5.3 million in 2025.
• Digital: Revenue was $9.4 million in 2026, a decrease of $0.9 million (8.4%) from $10.3 million in 2025.
• Cable Television: Revenue was $37.1 million in 2026, a decrease of $3.0 million (7.4%) from $40.1 million in 2025.

Balance Sheet Data (As of June 30, 2026 vs. December 31, 2025)

Cash and cash equivalents and restricted cash totaled $16.202 million as of June 30, 2026, down from $26.358 million as of December 31, 2025. Total assets were $551.512 million as of June 30, 2026, compared to $592.994 million as of December 31, 2025. Total long-term debt, net, decreased to $399.298 million as of June 30, 2026, from $429.742 million as of December 31, 2025. Short-term borrowings under the asset-backed facility increased to $20.000 million as of June 30, 2026, from $10.000 million as of December 31, 2025. Total liabilities were $532.284 million as of June 30, 2026, compared to $565.760 million as of December 31, 2025. Total stockholders’ equity was $16.313 million as of June 30, 2026, down from $24.603 million as of December 31, 2025.

Debt Management and Liquidity

During the three months ended June 30, 2026, Urban One, Inc. repurchased approximately $23.5 million of its 2031 Second Lien Notes at a weighted average price of approximately 42.0% of par, leading to a year-to-date reduction in long-term debt of $60.2 million and annual interest savings of $4.6 million. As of June 30, 2026, the company’s borrowing capacity was approximately $26.1 million after outstanding drawdowns.

Outlook / Guidance

Urban One, Inc. revised its Adjusted EBITDA guide for 2026 to be in the mid-fifty-million dollar range, reflecting current market conditions. This updated outlook is a revision from its prior view of $60 million. The company is actively managing cash flows from operations, focusing on receivables collection and discretionary vendor spend, with radio third-quarter revenue pacing down 2.8%.