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Dec 31, 2024
Urban One Q4 2024 Earnings Report
Urban One reported a net loss and operating loss for Q4 2024, with revenue slightly declining compared to the same period last year.
Key Takeaways
Urban One posted a net loss of $35.7 million in Q4 2024, driven by an operating loss of $1.9 million and a 2.7% drop in revenue. Adjusted EBITDA remained stable year-over-year, and cash reserves stood at $137.1 million by year-end.
Revenue declined by 2.7% YoY to $117.1 million in Q4 2024.
Net loss widened to $35.7 million, compared to $11.0 million in Q4 2023.
Adjusted EBITDA held steady at $26.9 million, down slightly from $27.1 million in Q4 2023.
Cash and cash equivalents stood at $137.1 million at year-end.
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 expects continued challenges in cable TV audience delivery and radio ad demand in Q1 2025, but sees early signs of stabilization and improvement for Q2.
Positive Outlook
- Digital segment Adjusted EBITDA increased 50.7% YoY in Q4.
- Strong political advertising revenue in the radio segment.
- Stabilization in cable TV audience delivery seen in Q1 2025.
- Liquidity position remains strong with over $137 million in cash.
- Cost containment and de-leveraging remain focus areas.
Challenges Ahead
- Core radio revenue pacings down 13.6% in Q1 2025.
- Affiliate and advertising revenue in cable TV underperformed.
- Continued churn in cable TV subscribers.
- Weakening core demand in the radio segment in Q1.
- Overall economic uncertainty impacting advertiser demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income