
Urban One revenue falls 6.4% to $85.8 million
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Urban One (NASDAQ:UONE) reported second-quarter net revenue of $85.8 million, down 6.4%, while Adjusted EBITDA fell to $11.7 million.
Urban One (NASDAQ:UONE) reported a double-digit decline in first-quarter revenue on Thursday, as the largest Black-owned media conglomerate in the U.S. continues to navigate a soft advertising market for its broadcast assets.