Cost Savings Achieved
Urban One implemented cost-saving measures resulting in $3 million of annualized expense savings in Q3, in addition to $5 million saved earlier in the year.
Service and Financial Ad Categories Growth
The services ad category increased by 22.9%, and the financial ad category rose by 17.9% year-over-year.
Debt Repurchase Efforts
Urban One repurchased $4.5 million of its 2028 notes, reducing gross debt to $487.8 million by September 30, 2025.