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UONE

Urban One, Inc.

UONE

Urban One, Inc. • NASDAQ
$1.22 ▲ 1.67% (+0.02)
Market Cap $31.15 M
52w High $1.90
52w Low $1.15
Dividend Yield 0%
P/E -0.43
Volume 9.44K
Outstanding Shares 25.54M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $92.677M ▲ $55.448M ▼ $-2.83M ▲ -3.054% ▲ $-0.06 ▲ $23.939M ▲
Q2-2025 $91.631M ▼ $183.654M ▲ $-77.902M ▼ -85.017% ▼ $-1.74 ▼ $-75.91M ▼
Q1-2025 $92.235M ▼ $59.524M ▼ $-11.742M ▲ -12.731% ▲ $-0.26 ▲ $28.285M ▲
Q4-2024 $117.127M ▲ $83.493M ▼ $-35.658M ▼ -30.444% ▼ $-0.78 ▼ $9.939M ▲
Q3-2024 $110.393M $102.67M $-31.798M -28.804% $-0.68 $1.299M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $79.81M ▼ $723.476M ▼ $642.058M ▼ $78.832M ▼
Q2-2025 $85.732M ▼ $729.227M ▼ $644.468M ▼ $82.182M ▼
Q1-2025 $115.084M ▼ $890.551M ▼ $727.595M ▼ $159.238M ▼
Q4-2024 $137.09M ▲ $944.79M ▼ $765.857M ▲ $170.945M ▼
Q3-2024 $115.006M $962.603M $747.203M $204.764M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.83M ▲ $-161K ▼ $-3.1M ▼ $-3.146M ▲ $-6.407M ▲ $-3.261M ▼
Q2-2025 $-77.969M ▼ $6.205M ▲ $-1.668M ▲ $-33.888M ▼ $-29.351M ▼ $4.987M ▲
Q1-2025 $-11.739M ▲ $2.085M ▼ $-2.547M ▼ $-21.544M ▼ $-22.006M ▼ $-462K ▼
Q4-2024 $-35.419M ▼ $35.618M ▲ $59K ▲ $-13.592M ▲ $22.085M ▲ $33.814M ▲
Q3-2024 $-31.398M $-1.825M $-1.383M $-13.675M $-16.883M $-3.458M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q2-2025
Cable Television Advertising
Cable Television Advertising
 $20.00M ▲$20.00M ▲$40.00M ▲$20.00M ▼
Cable Television Affiliate Fees
Cable Television Affiliate Fees
 $20.00M ▲$20.00M ▲$40.00M ▲$20.00M ▼
Digital Advertising
Digital Advertising
 $20.00M ▲$20.00M ▲$30.00M ▲$10.00M ▼
Event Revenues Other
Event Revenues Other
 $10.00M ▲$0 ▼$20.00M ▲$0 ▼
Political Advertising
Political Advertising
 $0 ▲$0 ▲$20.00M ▲$0 ▼
Radio Advertising
Radio Advertising
 $50.00M ▲$40.00M ▼$90.00M ▲$40.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Urban One’s income statement shows a business that has plateaued and then slipped backward more recently. Revenue has been relatively flat over the past several years, but profitability has become much weaker. After generating solid operating profits in 2021 and 2022, the company slid to small losses in 2023 and a much larger loss in 2024. Margins have been squeezed: the company is still generating healthy gross profit on its sales, but overhead, content, and other operating costs now consume more than that gross profit. Cash-style earnings (EBITDA) have shrunk from comfortable levels a few years ago to barely positive recently, and the bottom line swung from modest profits to a clear net loss in 2024. Overall, the income statement tells a story of a niche media company that has not been able to translate stable revenue into stable earnings, and is now operating under clear profit pressure in a tougher advertising and media environment.

Balance Sheet

Balance Sheet The balance sheet reflects both progress and strain. On the positive side, Urban One has been steadily reducing its debt over the last several years, which lowers financial risk over time. However, total debt is still large compared with the size of the company’s equity, so leverage remains a key consideration. Cash holdings improved in 2023 but then declined again in 2024, leaving the company with a modest liquidity cushion. Total assets have edged down from prior peaks, suggesting some combination of asset sales, depreciation, or limited new investment. Shareholders’ equity grew from 2020 through 2022 but then shrank in 2024, reflecting the recent net loss. In short, the balance sheet shows a company that has made real headway on paying down debt but still operates with relatively thin equity and only moderate cash reserves, which can limit flexibility if business conditions worsen.

Cash Flow

Cash Flow Despite the swing to accounting losses, Urban One continues to generate positive cash from its operations. Operating cash flow has been consistently positive over the last five years and reasonably stable, albeit at a modest level relative to the size of the business. Capital spending has been quite conservative, and management has generally kept investment in property and equipment low. As a result, free cash flow has remained positive each year, even as reported earnings have moved up and down. That cash has likely supported debt service and selective investments rather than aggressive expansion. The cash flow profile suggests a business that, for now, still throws off enough cash to sustain itself and chip away at debt, but without a strong surplus to fund major new initiatives or to comfortably absorb a prolonged downturn.

Competitive Edge

Competitive Edge Urban One’s competitive strength is not about cutting-edge technology; it is about cultural focus and reach. The company has built a leading position in serving Black and urban audiences across radio, cable TV, and digital platforms. Decades of “for us, by us” content have created a trusted brand and a loyal audience that advertisers value. Its network of radio stations, TV One and CLEO TV, national syndication through Reach Media, and a portfolio of digital brands like NewsOne, Bossip, and MadameNoire give it a broad, integrated presence in its niche. This multi-platform reach creates a barrier for new entrants trying to match both scale and authenticity within this specific demographic. At the same time, Urban One faces all the usual challenges of legacy media: advertising cycles, audience fragmentation, competition from streaming, social media, and other Black-focused creators. Its relatively small size, high leverage, and concentration in a single demographic segment mean that economic downturns or shifts in ad budgets can hit hard. The cultural moat is strong, but the industry headwinds are real.

Innovation and R&D

Innovation and R&D Urban One’s “innovation” is primarily strategic and content-driven rather than based on heavy traditional R&D. Its key advances are in how it uses multiple platforms together—radio, cable TV, digital sites, social media, and national syndication—to reach the same core audience in different ways. The company partners with advertising technology providers rather than building its own tools, and instead focuses internally on culturally resonant content and branded storytelling through its One X Studios unit. The relaunch of iOne Digital with a sharpened editorial mission around “representing Black truth” is an example of brand and content innovation designed to deepen engagement and improve monetization. Looking ahead, Urban One’s exploratory push into gaming and potential online betting is a notable swing factor. If regulatory and political conditions line up, this could open a new revenue stream quite different from traditional media. But these initiatives are still uncertain, capital-intensive, and subject to public policy risks, so they represent both an opportunity and a potential distraction from the core media business.

Summary

Urban One is a culturally powerful but financially pressured niche media company. The business has stable, focused revenue within Black and urban audiences, but profitability has eroded, culminating in a clear net loss in 2024. The company’s strong brand, deep community ties, and multi-platform footprint form a real competitive moat in its chosen market segment. Financially, Urban One has made commendable progress reducing debt and consistently generating positive free cash flow. However, it still operates with meaningful leverage, modest cash reserves, and a thin equity base, leaving limited room for error in a volatile advertising environment. Strategically, Urban One’s edge lies in its authenticity and reach rather than technology. Its exploration of gaming and iGaming could transform the growth profile if successful, but these moves bring added execution and regulatory uncertainty. Overall, the company’s future path will likely hinge on its ability to stabilize earnings in core media, continue de-leveraging, and selectively pursue new growth areas without overstretching its balance sheet.

NEWS

November 14, 2025 · 4:05 PM UTC

URBAN ONE, INC. ANNOUNCES OFFERS AND CONSENT SOLICITATION

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November 4, 2025 · 7:00 AM UTC

URBAN ONE, INC. REPORTS THIRD QUARTER 2025 RESULTS

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October 14, 2025 · 4:36 PM UTC

Urban One, Inc. Third Quarter 2025 Results Conference Call

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September 30, 2025 · 8:30 AM UTC

Black Cultural Influence is the Blueprint and Brand Trust is the Key -- Urban One Conducts Landmark 'Cultural ROI' Study, Urges Brands: Get Real or Get Left Behind

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