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 -6.611 M.

Outlook / Guidance

Urban One, Inc. updated its forward guidance for the year ending December 31, 2026, anticipating Adjusted EBITDA in the mid-fifty-million dollar range, a change from its previous projection of $60 million. The revised Adjusted EBITDA guide reflects current marketplace realities, with Radio third quarter pacing down 2.8%. The company continues to manage cash flows from operations and discretionary vendor spend.

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

• Operating loss was - $11.2 million, compared to - $120.7 million in 2025.
• Broadcast and digital operating income was $22.2 million, a decrease of $3.5 million from $25.7 million in 2025.
• Net loss was - $7.1 million, compared to - $77.9 million in 2025.
• Adjusted EBITDA was $11.7 million, compared to $14.0 million in 2025.
• Operating expenses, excluding depreciation and amortization, stock-based compensation, and impairment, decreased by approximately 4.1% to $75.0 million from $78.1 million in 2025.
• Impairment of goodwill, intangible assets and long-lived assets was $14.2 million, significantly down from $130.1 million in 2025.
• Depreciation and amortization expense increased by $2.7 million to $6.2 million from $3.5 million in 2025.
• Interest expense decreased by $7.6 million to - $2.1 million from - $9.7 million in 2025.
• Benefit from income taxes was $1.7 million, compared to $21.4 million in 2025.
• Capital expenditures were $1.7 million, up from $1.2 million in 2025.
• Gain on sale of business was $4.7 million in 2026, with no comparable gain in 2025.

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

• Operating loss was - $13.5 million, compared to - $118.6 million in 2025.
• Broadcast and digital operating income was $37.0 million, compared to $48.7 million in 2025.
• Net loss was - $10.1 million, compared to - $89.7 million in 2025.
• Adjusted EBITDA was $16.4 million, compared to $26.8 million in 2025.

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

Adjusted EBITDA by Segment

• Radio Broadcasting Adjusted EBITDA was $6.3 million, compared to $6.9 million in 2025.
• Reach Media Adjusted EBITDA was - $1.0 million, compared to - $1.7 million in 2025.
• Digital Adjusted EBITDA was - $0.1 million, compared to - $0.1 million in 2025.
• Cable Television Adjusted EBITDA was $14.2 million, compared to $18.1 million in 2025.

Other Key Financial and Operational Metrics

Debt Management

• 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 during the second quarter of 2026.
• Year-to-date, this represents a total reduction in long-term debt of $60.2 million, resulting in annual interest savings of $4.6 million.
• Short-term debt increased by $10.0 million year-to-date.
• Total long-term debt, net, decreased to $399.3 million as of June 30, 2026, from $429.7 million as of December 31, 2025.
• Short-term borrowings under the asset-backed facility increased to $20.0 million as of June 30, 2026, from $10.0 million as of December 31, 2025.
• The borrowing capacity under the asset-backed facility was approximately $26.1 million as of June 30, 2026.

Revenue Mix (Three Months Ended June 30, 2026)

• Political advertising was $1.2 million, a significant increase from $0.3 million in 2025.
• Event revenues & other were $3.3 million, up 35.0% YoY.

Dispositions and Acquisitions

• Urban One, Inc. completed the sale of WMXG and WLNK-FM radio broadcasting licenses and associated assets for approximately $0.7 million and $4.2 million, respectively, recognizing a gain of $4.7 million.
• The company entered an agreement to acquire Service Broadcasting Group, LLC, including radio stations KKDA and KRNB in Dallas, for $22.0 million, and also agreed to sell radio station KZMJ for $6.0 million.
• The sale of KZMJ was completed on July 6, 2026, with a recognized gain of $3.2 million in Q3 2026.
• The acquisition of Service Broadcasting Group, LLC was completed on July 17, 2026.