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Mar 31
Urban One Q1 2025 Earnings Report
Urban One reported lower revenue and a net loss in Q1 2025, impacted by declines across all segments.
Key Takeaways
Urban One experienced a 12% revenue decline and a net loss in Q1 2025. Despite a significant drop in Adjusted EBITDA and segment income, the company reaffirmed its full-year guidance amid cost control and debt reduction efforts.
Net revenue was $92.2 million, down 11.7% year-over-year.
Adjusted EBITDA dropped 42% to $12.9 million.
All major segments reported revenue declines, led by Reach Media and Digital.
Net loss reached $11.7 million, or $(0.26) per share.
Urban One
Urban One
Urban One Revenue by Segment
Revenue by Segment
Radio Broadcasting Revenue
CapyFin.comReach Media Revenue
CapyFin.comDigital Revenue
CapyFin.comCable Television Revenue
CapyFin.com Forward Guidance
Urban One reaffirmed its full-year guidance of $75 million in Adjusted EBITDA, despite revenue pressures and challenges across digital and radio segments.
Positive Outlook
- Reaffirmed full-year $75M Adjusted EBITDA guidance.
- Cable TV ratings stabilized in Q1 and met budget expectations.
- Continued debt repurchase efforts with $88.6M retired in 2025.
- Maintained strong liquidity with $79.8M cash on hand.
- Operating expenses declined YoY across most segments.
Challenges Ahead
- Digital revenue declined 16.1%, led by streaming and podcasting.
- Radio advertising dropped 12.4%, excluding digital.
- Reach Media revenue fell significantly due to advertiser attrition.
- Impairment of $6.4M related to radio broadcasting licenses.
- High effective tax rate of nearly 400% due to valuation allowance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income