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.

Consolidated Financial Performance (Three Months Ended March 31)

• Net Revenue: Urban One, Inc. reported net revenue of $77.7 million for Q1 2026, a 15.8% decrease from $92.2 million in Q1 2025 .
• Operating (Loss) Income: The company recorded an operating loss of - $2.2 million in Q1 2026, compared to an operating income of $2.1 million in Q1 2025 .
• Broadcast and Digital Operating Income: This metric decreased by 35.4% to $14.9 million in Q1 2026, from $23.0 million in Q1 2025 .
• Net Loss: Urban One, Inc. reported a net loss of - $3.1 million in Q1 2026, an improvement from a net loss of - $11.7 million in Q1 2025 .
• Adjusted EBITDA: Adjusted EBITDA was $4.7 million in Q1 2026, down from $12.9 million in Q1 2025 .

Segment Revenue (Three Months Ended March 31)

• Radio Broadcasting: Revenue was $30.5 million in Q1 2026, a decrease of $2.1 million from $32.6 million in Q1 2025 .
• Reach Media: Revenue was $4.9 million in Q1 2026, a decrease of $1.0 million from $5.9 million in Q1 2025 .
• Digital: Revenue was $6.8 million in Q1 2026, a decrease of $3.4 million from $10.2 million in Q1 2025 .
• Cable Television: Revenue was $36.0 million in Q1 2026, a decrease of $8.2 million from $44.2 million in Q1 2025 .

Revenue Sources (Three Months Ended March 31)

• Radio advertising: Decreased by - $4,093 thousand (-11.3%) to $32,124 thousand in Q1 2026 from $36,217 thousand in Q1 2025 .
• Political advertising: Increased by $750 thousand to $900 thousand in Q1 2026 from $150 thousand in Q1 2025 .
• Digital advertising: Decreased by - $3,427 thousand (-33.6%) to $6,784 thousand in Q1 2026 from $10,211 thousand in Q1 2025 .
• Cable Television advertising: Decreased by - $6,330 thousand (-24.9%) to $19,095 thousand in Q1 2026 from $25,425 thousand in Q1 2025 .
• Cable Television affiliate fees: Decreased by - $1,840 thousand (-9.8%) to $16,877 thousand in Q1 2026 from $18,717 thousand in Q1 2025 .
• Event revenues & other: Increased by $356 thousand (23.5%) to $1,871 thousand in Q1 2026 from $1,515 thousand in Q1 2025 .

Operating Costs (Three Months Ended March 31)

• Total Operating Expenses: Consolidated operating expenses were $79,866 thousand in Q1 2026, down from $90,137 thousand in Q1 2025 .
• Operating Expenses (excluding D&A, stock-based comp, impairment): These expenses were $73.5 million in Q1 2026, an 8.9% decrease from $80.7 million in Q1 2025 .
• Depreciation and Amortization: Increased by $3.9 million to $6.2 million in Q1 2026 from $2.3 million in Q1 2025 .

Interest and Debt (Three Months Ended March 31)

• Interest Expense: Decreased by $6.5 million to - $4.4 million in Q1 2026 from - $10.9 million in Q1 2025 .
• Gain on Retirement of Debt: A gain of $2.1 million was recognized in Q1 2026, compared to $11.6 million in Q1 2025 .
• Debt Repurchases: The company repurchased $4.3 million of its 2028 Notes at 51.0% of par in Q1 2026, and $32.4 million of its 2031 Second Lien Notes at 40.7% of par in Q1 2026 . An additional $23.46 million of 2031 Second Lien Notes were repurchased in Q2 2026 at 42.0% of par .
• Debt Reduction: Year-to-date, total long-term debt was reduced by $60.2 million, resulting in annual interest savings of $4.6 million .
• Short-term Debt: An increase of $10.0 million in short-term debt is expected to be fully repaid by year-end .

Other Financial Metrics (Three Months Ended March 31)

• Benefit from Income Taxes: A benefit of $1.4 million was recorded in Q1 2026, compared to a provision of - $15.7 million in Q1 2025 .
• Capital Expenditures: Capital expenditures were $3.4 million in Q1 2026, an increase from $2.5 million in Q1 2025 .
• Cash and Cash Equivalents: Cash and restricted cash increased to $28,042 thousand as of March 31, 2026, from $26,358 thousand as of December 31, 2025 .
• Total Long-Term Debt, Net: Decreased to $412,110 thousand as of March 31, 2026, from $429,742 thousand as of December 31, 2025 .

Operational Highlights and Outlook

Urban One, Inc. anticipates Adjusted EBITDA of approximately $60.0 million for the full year ending December 31, 2026 . The company is also exploring the sale of certain non-core real estate related assets as part of its broader capital allocation and debt management strategy . The revised Adjusted EBITDA guidance for 2026 is approximately $60.0 million, with $2.0 million related to announced transactions .