Overview

• US media company's Q1 revenue fell 15.8% yr/yr amid softness across all divisions

• Adjusted EBITDA for Q1 dropped to $4.7 mln from $12.9 mln a year earlier

• Company repurchased $60.2 mln in long-term debt and completed radio station acquisitions and sales

Outlook

• Urban One revises 2026 Adjusted EBITDA guidance to about $60 mln, including $2 mln from transactions

• Company says Q2 radio revenue is pacing down 2.6%

• Urban One expects digital revenue to rise in Q2 and is optimistic for H2 based on sales pipeline

Result Drivers

• DIVISIONAL WEAKNESS - Revenue declined across all divisions, with TV, Digital, Radio, and Reach Media all reporting lower sales, per CEO Alfred C. Liggins, III

• DIGITAL ADVERTISING - Digital segment revenue fell due to weaker advertiser demand, especially from diversity, equity and inclusion-focused campaigns

• REACH MEDIA CHALLENGES - Reach Media performance was hurt by a weak marketplace, client attrition, and sales team rebuilding

Company press release: ID:nPn26BmBfa

Key Details

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