Urban One, Inc. reported net revenue of approximately $91.6 million for the second quarter ended June 30, 2025, a significant decrease of 22.2% from the same period in 2024. The company posted a net loss of $77.9 million, or $(1.74) per share, compared to a net loss of $45.4 million, or $(0.94) per share, in Q2 2024.
Adjusted EBITDA for the quarter was approximately $14.0 million, a substantial decline from $28.9 million in Q2 2024. In response to broad economic headwinds and weaker performance, Urban One reduced its full-year 2025 Adjusted EBITDA guidance to $60.0 million, down from an initial $75.0 million. The company also recorded significant non-cash impairment charges of $130.1 million against goodwill and intangible assets.
Segment performance was challenging, with Radio Broadcasting revenue down $5.3 million to $36.7 million, and Reach Media revenue decreasing by $13.6 million to $5.3 million, largely due to the timing shift of the Tom Joyner Fantastic Voyage cruise. Digital revenue fell by $3.8 million to $10.3 million, and Cable TV revenue decreased by $3.2 million to $40.1 million due to subscriber churn. Despite these headwinds, Urban One continued its aggressive debt reduction, repurchasing $64.0 million of its 2028 Notes at approximately 51.8% of par, reducing total outstanding debt to $492.3 million.
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