Urban One Q3 revenue falls, net loss widens on weak radio and digital demand
Urban One's Q3 revenue fell 5% year over year to $88 million, while its net loss widened to $119.2 million, including $128.9 million in impairment charges. The company revised 2026 adjusted EBITDA guidance to $40 million.
1. Quarterly results
Urban One reported Q3 revenue of $88 million, down 5% year over year, and a net loss of $119.2 million. The loss included $128.9 million in impairment charges. Adjusted EBITDA declined to $12.3 million from $14.2 million a year earlier.
2. Revenue pressures and outlook
The company said weak radio demand, large-client attrition and lower national direct digital rates weighed on results. Weak demand in the Cable TV scatter market shifted more inventory to the lower-rate direct response category. Urban One revised 2026 adjusted EBITDA guidance to $40 million, expects full-year 2026 net political revenue of $8.8 million, and identified at least $20 million in annualized cost savings for next year.
