Earnings Releases·Nov 10, 2026, 4:31 PM ET

Urban One, Inc. — Third Quarter 2026 Earnings Summary

Net revenue declined 5.0% year-over-year to $88.0 million for Q3 2026, while the company reported a $126.6 million operating loss driven by $128.9 million in asset impairment charges, compared to $2.5 million in operating income in the prior year period.
Management revised full-year 2026 Adjusted EBITDA guidance down to $40.0 million and identified at least $20.0 million in annualized cost savings to be implemented heading into the next year.
Strategic activity included the July acquisition of Service Broadcasting Group for $22.0 million and the sale of station KZMJ for $6.0 million, alongside a reduction in total long-term debt to $399.5 million from $429.7 million at year-end 2025.
Financial position weakened significantly with total stockholders' equity turning negative to $(103.0) million as of September 30, 2026, down from $24.6 million at the end of 2025, while cash and restricted cash fell to $18.0 million.