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Jun 30, 2025
Urban One Q2 2025 Earnings Report
Urban One reported a significant decline in revenue and profitability in Q2 2025, driven by segment underperformance and impairment charges.
Key Takeaways
Urban One's Q2 2025 results were negatively impacted by reduced advertising demand, event timing, and subscriber churn, leading to a sharp revenue decline and $130 million in impairment charges. Despite these challenges, the company maintained strong liquidity and reduced its debt.
Revenue declined 22.2% YoY to $91.6 million due to lower performance across all segments.
Net loss widened to $77.9 million, impacted by $130.1 million in impairment charges.
Broadcast and digital operating income fell 25.0% YoY to $25.7 million.
Adjusted EBITDA dropped to $14.0 million from $28.9 million YoY.
Revenue by Segment
Forward Guidance
Urban One lowered full-year Adjusted EBITDA guidance to $60M due to ongoing advertising softness, but highlighted improved Q3 pacing and strong liquidity from debt repurchase.
Positive Outlook
- Strong liquidity maintained with over $86 million in cash.
- Repurchased $64 million of 2028 Notes at a discount, reducing debt to $488 million.
- Improved Q3 radio advertising pacing with local stable YoY.
- Cost control initiatives led to lower operating expenses.
- Segment realignment aims to enhance performance monitoring.
Challenges Ahead
- Significant $130M impairment primarily in radio licenses.
- Adjusted EBITDA halved YoY due to revenue declines.
- Reach Media operated at a loss in Q2 amid client attrition.
- Digital segment faced weaker CPMs and advertising demand.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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