Urban One reveals $126.6 million operating loss
Key points
- Urban One reported third-quarter 2026 revenue of approximately $88.0 million, down 5% year-over-year.
- Operating results swung to a $126.6 million loss, including $128.9 million in asset impairment charges, while adjusted EBITDA fell to $12.3 million.
- Urban One revised its 2026 adjusted EBITDA guidance to $40 million and identified at least $20 million in annualized cost savings.
Urban One (NASDAQ:UONE) reported third-quarter 2026 revenue of approximately $88 million, down 5% year-over-year, while operating results swung to a $126.559 million loss.
Net loss attributable to common stockholders widened to approximately $119.2 million, or $26.39 per basic share, compared with $2.8 million, or $0.64 per share, a year earlier.
The operating loss included $128.882 million in asset impairment charges, while adjusted EBITDA, a non-GAAP earnings measure, declined to $12.269 million from $14.201 million.
Radio revenue increased during the quarter, while Digital, Reach Media and Cable Television revenue declined, as the company revised its full-year 2026 adjusted EBITDA guidance to $40.0 million.
The company said it had identified at least $20 million in annualized cost savings as part of its efforts to address operating expenses and financial performance.
Urban One ended September 30, 2026, with $18.022 million in cash, cash equivalents and restricted cash, compared with $26.358 million at December 31, 2025.
