1. Urban One reported Q1 2025 net revenue of $92.2 million, down 11.7%. 2. Operating income dropped to $2.1 million, from $12.9 million in Q1 2024. 3. The company incurred a net loss of $11.7 million, versus $7.5 million profit last year. 4. Revenue declines span across radio, digital, and cable segments, signaling market challenges. 5. Total debt reduced to $495.9 million, showing improved cash management amidst losses.
The significant drop in revenue and net losses suggest underlying business weaknesses and a negative market outlook, similar to past earnings announcements that caused stock declines.
The relevance of this article is high as it discusses Urban One's financial performance, directly impacting its stock valuation.
The immediate financial results are likely to affect investor sentiment and stock price in the short-term due to negative earnings reports.
Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the three months ended March 31, 2025. For the three months ended March 31, 2025, net revenue was approximately $92.2 million, a decrease of 11.7% from the same period in 2024. The Company reported operating income of approximately $2.1 million for the three months ended March 31, 2025, compared to operating income of approximately $12.9 million for the three months ended March 31, 2024. Broadcast and digital operating income was approximately $23.0 million, a decrease of 28.1% from the same period in 2024. Net loss was approximately $11.7 million or $(0.26) per share (basic) for the three months ended March 31, 2025 compared to net income of $7.5 million or $0.15 per share (basic) for the same period in 2024. Adjusted EBITDA was approximately $12.9 million for the three months ended March 31, 2025, compared to approximately $22.3 million for the same period in 2024.
Alfred C. Liggins, III, Urban One's CEO and President stated, "First quarter results were broadly in line with expectations: core radio advertising finished at (12.4)% excluding digital, and Cable TV advertising was (6.3)%. Our cable TV ratings stabilized significantly in the first quarter of 2025 and are performing in line with our 2025 budget. Second quarter core radio advertising pacings have weakened over the past several weeks, and are now (8.7)%. Our first quarter 2025 digital revenues were down (16.1)% driven by expected weakness in streaming and podcasting revenues. Based on our year to date performance, we reaffirm our full year guidance of $75 million in Adjusted EBITDA. Our cumulative debt repurchases so far in 2025 are $88.6 million at an average price of 53.9%, resulting in reduced gross debt of $495.9 million, and we currently have approximately $79.8 million of cash on hand. In a challenging marketplace, our focus remains on controlling costs, managing leverage and retaining a strong liquidity position."
| Item | 2025 | 2024 |
|---|---|---|
| NET REVENUE | $92,235 | $104,410 |
| OPERATING EXPENSES | $90,137 | $91,522 |
| OPERATING INCOME | $2,098 | $12,888 |
| NET (LOSS) INCOME | $(11,739) | $7,735 |
| Net (loss) income attributable to common stockholders (basic) | (0.26) |
| Net (loss) income attributable to common stockholders (diluted) | (0.26) |
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements represent management's expectations and are based on information available to Urban One at the time of this release.
Urban One, Inc. will hold a conference call to discuss its results for the first fiscal quarter of 2025 on Tuesday May 13, 2025 at 10:00 a.m. EDT. To participate on this call, U.S. callers may dial toll-free (+1) 888-596-4144; international callers may dial direct (+1) 646-968-2525. The Access Code is 7968738.
For more information about Urban One, Inc., visit www.urban1.com.