"Urban One has released earnings for Q1, showing a reduction in the loss column compared to the year-ago Q1. In dollars and cents the company reported a net loss of $3.1 million, translating to sixty-nine cents per share. It's a substantial narrowing of the loss column compared to Q1 2025, which showed $11.7 million in the loss column."
"A focus on digital media clarifies a harsh picture: Revenue dropped 33.5% to $6.8 million. Cable television, a much larger financicomponental for Urban One, took a harder fall with larger numbers, dropping 18.5% to $36 million in the quarter. Broadcast radio, likewise core to the company identity, endured a less dramatic decline of 6.4%, but the injury in dollars was nearly the same: $30.5 million on the down side."
"Interestingly, the Reach Media subsidiary which provides syndicated radio programming and digital content to 18 million listeners (over 90% of Black America) dropped its revenue by a significant 17%, to $4.9 million. The aove metrics provided by Talkers."
"Urban One CEO Alfred C. Liggins observed: "first quarter was a very tough quarter. We were budgeted to be down, but the marketplace was softer than anticipated due to continued declines in the traditional ad marketplace.""
Urban One reported a Q1 net loss of $3.1 million, or $0.69 per share, improving from a $11.7 million loss in Q1 2025. Revenue fell 33.5% to $6.8 million, reflecting a weaker digital media performance. Cable television revenue declined 18.5% to $36 million. Broadcast radio revenue dropped 6.4% to $30.5 million. Reach Media, providing syndicated radio programming and digital content to 18 million listeners, saw revenue decrease 17% to $4.9 million. The CEO attributed the quarter’s difficulty to a softer-than-anticipated marketplace caused by continued declines in the traditional advertising market.
Read at RAIN News
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