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Urban One Q3 revenue falls, net loss widens on weak radio and digital demand

By Reuters News


Overview

  • US media firm's Q3 revenue fell 5% yr/yr amid weak radio and digital demand

  • Company posted Q3 net loss of $119.2 mln, driven by $128.9 mln impairment charges

  • Adjusted EBITDA for Q3 declined to $12.3 mln from $14.2 mln last year


Outlook

  • Urban One revises 2026 Adjusted EBITDA guidance to $40.0 mln

  • Company expects full-year 2026 net political revenue of $8.8 mln

  • Urban One management identifies at least $20.0 mln in annualized cost savings for next year


Result Drivers

  • RADIO MARKET CONDITIONS - Co said weak radio market demand weighed on revenue in Q3

  • DIGITAL SEGMENT DECLINE - Co said large client attrition and suppressed rates in national direct digital revenue led to significant revenue declines in digital segment

  • CABLE TV WEAKNESS - Co said weak demand in Cable TV scatter market shifted more inventory to direct response category at lower rates


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$88 mln

Q3 Loss Per Share

$26.39

Q3 Net Loss

$119.20 mln

Q3 Adjusted EBITDA

$12.30 mln

Q3 Operating Income

-$126.60 mln


Reuters Recommended Reads

  • Nov 9 - Trade Desk Q3 revenue beats analyst estimates

  • Nov 9 - PubMatic's Q3 revenue beats estimates on AI demand

  • Nov 9 - Viant Technology Q3 revenue rises 29% on CTV advertiser strength


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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