Urban One, Inc. — Third Quarter 2026 Earnings Summary

Urban One, Inc. reported a net loss of approximately $119.2 million for the third quarter of 2026, driven by a $128.9 million impairment charge on goodwill and intangible assets. Net revenue for the period declined 5.0% to $88.0 million, with significant decreases in digital and cable television advertising revenue offset partially by political revenue and station acquisitions. The company recorded an adjusted EBITDA of $12.3 million, down from $14.2 million in the prior year, and revised its full-year 2026 adjusted EBITDA guidance to $40.0 million. Management cited adverse market conditions and weak demand in the cable TV scatter market as primary factors, while noting a focus on achieving at least $20.0 million in annualized cost savings.