Media conglomerate Urban One has released earnings for Q1, showing a reduction in the loss column compared to the year-ago Q1.
In dollars and cents the company reported a net loss of $3.1 million, translating to sixty-nine cents per share. It’s a substantial narrowing of the loss column compared to Q1 2025, which showed $11.7 million in the loss column.
In dollar amounts the year-over-year comparisons of four key metrics look like this:
A focus on digital media clarifies a harsh picture: Revenue dropped 33.5% to $6.8 million.
Cable television, a much larger financial component for Urban One, took a harder fall with larger numbers, dropping 18.5% to $36 million in the quarter
Broadcast radio, likewise core to the company identity, endured a less dramatic decline of 6.4%, but the injury in dollars was nearly the same: $30.5 million on the down side.
Interestingly, the Reach Media subsidiary which provides syndicated radio programming and digital content to 18 million listeners (over 90% of Black America) dropped its revenue by a significant 17%, to $4.9 million.
The above metrics provided by Talkers.
Urban One CEO Alfred C. Liggins observed: “first quarter was a very tough quarter. We were budgeted to be down, but the marketplace was softer than anticipated due to continued declines in the traditional ad marketplace.”
Full transcript of the Urban One Q1 earnings conference call is HERE.