Urban One has released its third-quarter earnings report, and the figures showed a decrease in overall revenue for the company.
During the period, the company saw $92.7 million in net revenue. That figure represents a year-over-year decline of 16%. However, it reported an operating income of $2.5 million during that same period, a drastic change from $26.2 million operating loss it featured during the same quarter in 2024.
Broadcast and digital operating income saw a sharp decline during the quarter, resting at $20 million. That is a year-over-year decrease of 43.6%, with a net loss of $2.8 million, compared to the loss of $31.8 million in the same quarter last year.
Urban One said that the Adjusted EBITDA was $14.2 million compared to the $25.4 million figure it saw in the same quarter of 2024. It added that the decrease was driven mostly by lower broadcast and digital revenue, with digital revenue dropping from $7.1 million in 2024 to $700,000 in 2025.
“Third quarter results came in slightly softer than expected across the board,” Urban One President/CEO Alfred Liggins said. “Core radio, excluding political, finished down 8.1%, and our Radio segment is currently pacing down 30.2% all-in and 6.4% ex political for the fourth quarter of 2025. Revenues at our Reach Media and Digital segments were down 40.0% and 30.0% respectively, which was on the lower end of expectations. Cable TV advertising was down 5.4% and affiliate revenue was down 9.1% driven by continuing subscriber churn.
“In light of the soft overall market conditions, we are reducing our full year guidance from $60.0 million of Adjusted EBITDA2 to $56.0 to $58.0 million. Our focus remains on controlling costs, managing debt, leverage and liquidity. During the third quarter of 2025, we repurchased $4.5 million of our 2028 Notes at an average price of approximately 52.0% of par, reducing our outstanding debt balance to $487.8 million.”
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