Urban One Reports Q4 2024 Financial Results

Urban One ( (UONE) ) has released its Q4 earnings. Here is a breakdown of the information Urban One presented to its investors.

Urban One, Inc. is a diversified media company that primarily targets Black Americans and urban consumers in the United States, operating across radio, television, and digital platforms. The company recently reported its fourth-quarter 2024 earnings, highlighting a net revenue of $117.1 million, which marks a 2.7% decrease from the same period in 2023. The quarter also saw an operating loss of $1.9 million, a significant drop from the previous year’s operating income of $6.8 million.

Key financial metrics from the report show that while the broadcast and digital operating income increased slightly by 1.7%, the company experienced a net loss of $35.7 million compared to $11.0 million in the previous year. The digital segment posted strong results with a 50.7% increase in Adjusted EBITDA, despite challenging market conditions. However, the cable television segment faced declines due to reduced audience viewership and subscriber churn.

Urban One’s CEO, Alfred C. Liggins, III, noted that the company’s Adjusted EBITDA of $103.5 million met the mid-point of guidance, driven by robust political advertising revenues in the radio division. Despite the challenges in cable TV and a weakening first-quarter core radio revenue demand, there are signs of stabilization and improvement in the second quarter. The company is focusing on cost containment and de-levering strategies, maintaining a strong liquidity position with $137.1 million in cash and cash equivalents.

Looking ahead, Urban One is cautiously optimistic about its strategic initiatives and market positioning. The company aims to stabilize its cable TV segment and improve core radio revenue demand while continuing to leverage its strong digital performance. Management remains committed to enhancing operational efficiencies and maintaining financial stability in the coming quarters.