UONEK

EX-99.1

2 uone-20260804xexx991.htm

EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

August 4, 2026Contact: Peter D. Thompson, EVP and CFO

FOR IMMEDIATE RELEASE(301) 429-4638

Silver Spring, MD

URBAN ONE, INC. REPORTS SECOND QUARTER 2026 RESULTS

Silver Spring, MD: - Urban One, Inc. (NASDAQ: UONEK and UONE, referred to as, “Urban One,” the “Company”, “we”, “our” and/or “us”) today reported its results for the three months ended June 30, 2026. For the three months ended June 30, 2026, net revenue was approximately $85.8 million, a decrease of 6.4% from the same period in 2025. The Company reported operating loss of approximately $11.2 million for the three months ended June 30, 2026, compared to operating loss of approximately $120.7 million for the three months ended June 30, 2025. Broadcast and digital operating income(1) was approximately $22.2 million for the three months ended June 30, 2026, a decrease of $3.5 million from the same period in 2025. Net loss was approximately $7.1 million or $(1.58) per share (basic) for the three months ended June 30, 2026, compared to net loss of $77.9 million or $(17.41)(a) per share (basic) for the same period in 2025. Adjusted EBITDA(2) was approximately $11.7 million for the three months ended June 30, 2026, compared to approximately $14.0 million for the same period in 2025.

Alfred C. Liggins, III, Urban One’s CEO and President stated, “We saw some sequential improvement in the second quarter compared to the first quarter, with lower rates of revenue decline. Cable Television was down 7.4%, Digital was down 8.4%, Radio was down 3.9%, and Reach Media dropped by 10.6%. In Radio, our Miller Kaplan local Radio revenues were down 10.1% year-over-year vs. the market down 7.8%; and national was down 1.5% vs. the market down 4.6%. Including local digital, second quarter Radio revenue was down 4.9%. We did approximately $1.4 million in gross political advertising in the second quarter. Radio third quarter is pacing down 2.8%. We remain in a turnaround situation at Reach Media, where we continue to be impacted by a weak marketplace, key client attrition and sales team re-building. We continue to closely manage cash flows from operations, with concerted efforts to collect receivables and manage discretionary vendor spend. During the three months ended June 30, 2026, the Company repurchased approximately $23.5 million of its 2031 Second Lien Notes at a weighted average price of approximately 42.0% of par. Year-to-date, that is a total reduction in long-term debt of $60.2 million for an annual interest savings of $4.6 million and an increase in short-term debt of $10.0 million. During the quarter we completed the disposition of WLNK and WMXG in Charlotte. Our revised Adjusted EBITDA(2) guide for 2026 is now in the mid-fifty-million dollar range, given the realities of the current marketplace."

PAGE 2 -- URBAN ONE, INC. REPORTS SECOND QUARTER 2026 RESULTS

Three Months Ended June 30, Six Months Ended June 30,

2026202520262025

(Unaudited)(Unaudited)

CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except share data)(In thousands, except share data)

NET REVENUE$85,757$91,631$163,408$183,866

OPERATING EXPENSES

Programming and technical, excluding stock-based compensation29,77428,64759,77959,245

Selling, general and administrative, excluding stock-based compensation45,20149,49388,68499,598

Stock-based compensation1,6805741,8811,250

Depreciation and amortization6,1843,52312,3615,838

Impairment of goodwill, intangible assets and long-lived assets14,157130,07814,157136,521

Total operating expenses 96,996212,315176,862302,452

Operating loss(11,239)(120,684)(13,454)(118,586)

INTEREST AND INVESTMENT INCOME—61681,582

INTEREST EXPENSE(2,070)(9,704)(6,477)(20,628)

GAIN ON SALE OF BUSINESS4,671—4,671—

GAIN ON RETIREMENT OF DEBT—30,2972,08041,884

OTHER (EXPENSE) INCOME, NET(43)124(51)316

Loss before benefit from income taxes(8,681)(99,351)(13,223)(95,432)

BENEFIT FROM INCOME TAXES1,70321,3823,1445,724

NET LOSS(6,978)(77,969)(10,079)(89,708)

NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS95(67)73(64)

NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS$(7,073)$(77,902)$(10,152)$(89,644)

Weighted-average shares outstanding - basic(3, a)

4,470,5424,473,8314,460,2754,476,828

Weighted-average shares outstanding - diluted(4, a)

4,470,5424,473,8314,460,2754,476,828

(a) Weighted-average shares outstanding used in the computation of basic and diluted net loss to common stockholders per share have been retroactively adjusted to reflect the 1-for-10 Reverse Stock Split that occurred on January 22, 2026.

PAGE 3 -- URBAN ONE, INC. REPORTS SECOND QUARTER 2026 RESULTS

Detailed segment data for the three and six months ended June 30, 2026 and 2025 is presented in the following tables:

Three Months Ended June 30, 2026

(In thousands, unaudited)

ConsolidatedRadio BroadcastingReach MediaDigitalCable TelevisionCorporate/ Eliminations/ Other

NET REVENUE$85,757$35,276$4,754$9,3

EX-99.1

2 uone-20260514xexx991.htm

EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

May 14, 2026Contact: Peter D. Thompson, EVP and CFO

FOR IMMEDIATE RELEASE(301) 429-4638

Silver Spring, MD

URBAN ONE, INC. REPORTS FIRST QUARTER 2026 RESULTS

Silver Spring, MD: - Urban One, Inc. (NASDAQ: UONEK and UONE, referred to as, “Urban One,” the “Company”, “we”, “our” and/or “us”) today reported its results for the three months ended March 31, 2026. For the three months ended March 31, 2026, net revenue was approximately $77.7 million, a decrease of 15.8% from the same period in 2025. The Company reported operating loss of approximately $2.2 million for the three months ended March 31, 2026, compared to operating income of approximately $2.1 million for the three months ended March 31, 2025. Broadcast and digital operating income(1) was approximately $14.9 million for the three months ended March 31, 2026, a decrease of 35.4% from the same period in 2025. Net loss was approximately $3.1 million or $(0.69) per share (basic) for the three months ended March 31, 2026, compared to net loss of $11.7 million or $(2.64)(a) per share (basic) for the same period in 2025. Adjusted EBITDA(2) was approximately $4.7 million for the three months ended March 31, 2026, compared to approximately $12.9 million for the same period in 2025.

Alfred C. Liggins, III, Urban One’s CEO and President stated, "First quarter revenue was soft across all divisions, with TV down 18.5%, Digital down 33.5%, Radio down 6.4% and Reach Media dropped by 17.0%. We had budgeted for a down-quarter in our Radio and TV divisions, but not at Reach Media and Digital. The integration of Nielsen DASH data gave a boost to linear cable TV inventory, but combined with a weak scatter market, led to more commercial units being allocated to Direct Response advertising, at a lower average unit rate. Post DASH, prime C3 ratings 25-54 were up 49.0% from the fourth quarter and Total Day was up 35.0% from the fourth quarter. In Radio, our Miller Kaplan local Radio revenues were down 5.5% year-over-year vs the market 7.1% and national was down 8.2%, vs the market down 6.7%. Including local digital, first quarter Radio revenue was down 2.8%. We did approximately $1.0 million in gross political advertising in the first quarter and have another $1.0 million on the books for the second quarter. Radio second quarter is pacing down 2.6%. We are in a turnaround situation at Reach Media, where we continue to be impacted by a weak marketplace, key client attrition and sales team re-building. Digital also had a soft first quarter, driven by weak advertiser demand but second quarter is forecasted to be up, and there is optimism for the back half of the year based on the current sales pipeline. Our first quarter cashflow from operations was stronger than expected as we made a concerted effort to collect receivables, and we were helped by the fact that we prepaid a portion of the typical semi-annual cash interest payments in the fourth quarter as part of the debt refinancing transaction. We repurchased $4.3 million of 2028 Notes at 51.0% of par. We also repurchased $32.45 million of 2031 Second Lien Notes at 40.7% of par in the first quarter and an additional $23.46 million of 2031 Second Lien Notes in the second quarter at 42.0% of par. Year-to-date, that is a total reduction in long-term debt of $60.2 million for an annual interest savings of $4.6 million and an increase in short-term debt of $10.0 million, which is expected to be fully repaid by year-end. During the quarter and in April, we announced the acquisition of Dallas radio stations KKDA, KRNB and the disposition of KZMJ, and also the disposition of WLNK and WMXG in Charlotte. The combined net cash outflow upon closing is approximately $11.1 million, and the incremental pro-forma Adjusted EBITDA(2) is approximately $5.0 million on an annual basis. Our revised Adjusted EBITDA(2) guide for 2026 is approximately $60.0 million, of which $2.0 million relates to these transactions."

PAGE 2 -- URBAN ONE, INC. REPORTS FIRST QUARTER 2026 RESULTS

Three Months Ended March 31,

20262025

(unaudited)

CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share data)

NET REVENUE$77,651$92,235

OPERATING EXPENSES

Programming and technical, excluding stock-based compensation30,00530,598

Selling, general and administrative, excluding stock-based compensation43,48350,105

Stock-based compensation201676

Depreciation and amortization6,1772,315

Impairment of intangible assets—6,443

Total operating expenses 79,86690,137

Operating (loss) income(2,215)2,098

INTEREST AND INVESTMENT INCOME8966

INTEREST EXPENSE(4,407)(10,924)

GAIN ON RETIREMENT OF DEBT2,08011,587

OTHER (EXPENSE) INCOME, NET(8)192

(Loss) income before benefit from (provision for) income taxes(4,542)3,919

BENEFIT FROM (PROVISION FOR) INCOME TAXES1,441(15,658)

NET LOSS(3,101)(11,739)

NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS(22)3

NET LOSS ATTRIBUTA

EX-99.1

2 uone-20260312xexx991.htm

EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

March 12, 2026 Contact: Peter D. Thompson, EVP and CFO

FOR IMMEDIATE RELEASE(301) 429-4638

Silver Spring, MD

URBAN ONE, INC. REPORTS FOURTH QUARTER 2025 RESULTS

Silver Spring, MD: - Urban One, Inc. (NASDAQ: UONEK and UONE, referred to as, “Urban One,” the “Company”, “we”, “our” and/or “us”) today reported its results for the three months ended December 31, 2025. For the three months ended December 31, 2025, net revenue was approximately $97.8 million, a decrease of 16.5% from the same period in 2024. The Company reported operating loss of approximately $54.0 million for the three months ended December 31, 2025, compared to operating loss of approximately $1.9 million for the three months ended December 31, 2024. Broadcast and digital operating income1 was approximately $23.8 million for the three months ended December 31, 2025, a decrease of 38.3% from the same period in 2024. Net loss was approximately $54.4 million or $(12.24) per share (basic) for the three months ended December 31, 2025, compared to net loss of $35.7 million or $(7.81) per share (basic) for the same period in 2024. Adjusted EBITDA2 was approximately $15.6 million for the three months ended December 31, 2025, compared to approximately $26.9 million for the same period in 2024.

On December 18, 2025, the Company closed a private placement debt exchange with holders of the 7.375% Senior Secured Notes (the “2028 Notes”) representing more than 97% of the aggregate principal amount outstanding. Pursuant to the private placement, the Company (i) tendered for $185.0 million aggregate principal amount of 2028 Notes which the Company purchased for cancellation for $111.0 million and $1.1 million consent fee in cash, (ii) issued $60.6 million aggregate principal amount of 10.500% first lien senior secured notes due 2030 (the “2030 First Lien Notes”), and (iii) issued $291.0 million aggregate principal amount of 7.625% Second Lien Secured Notes due 2031 (the “2031 Second Lien Notes”). Following the transactions (collectively “2025 Refinancing”), $11.8 million of the 2028 Notes remained outstanding.

On December 18, 2025, the Company also entered into an Amended and Restated Credit Agreement, among the Company, as the administrative borrower, together with the other borrowers party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent (the “Amended and Restated ABL Credit Agreement”). The Amended and Restated ABL Credit Agreement amended and restated the Company’s ABL Credit Agreement, dated as of February 19, 2021 and was also entered into facilitate the Exchange Offer and Consent Solicitation. The Amended and Restated ABL Credit Agreement provides for, among other things, commitments in the aggregate principal amount of up to $75.0 million, with incremental capacity to incur an additional principal amount of up to $25.0 million thereunder, with the proceeds thereof to be used primarily for working capital and general corporate purposes, including capital expenditures, permitted acquisitions, permitted investments and permitted dividends, in each case, in accordance with the terms of the Amended and Restated ABL Credit Agreement.

Alfred C. Liggins, III, Urban One’s CEO and President stated, “As expected, we had a tough fourth quarter due to a combination of non-recurring political advertising, soft radio markets and declining audience delivery in our cable television (“cable TV”) business. Despite this, we were able to achieve full year Adjusted EBITDA within our previous guidance range at $56.7 million. The biggest revenue drag in the fourth quarter resulted from weak cable TV prime delivery, down approximately 20.0% from the third quarter, although we have seen a significant recovery in the first quarter 2026 as the revised Nielsen methodology has given us an approximate 40.0% - 50.0% lift compared to the fourth quarter 2025. Radio pacings in the first quarter of 2026 are currently (5.0)%, but we remain positive on the outlook for mid-term political revenues later in the year. I was pleased that we were able to repurchase a significant amount of our 2028 Notes at a discount, extend out the maturity on all but a small stub of the notes, and increase the size and term of our ABL Credit Agreement. This transaction sets up the company with a stable capital structure and extended maturity runway to allow us to continue to de-lever the business. In January 2026 we also regained compliance with the Nasdaq listing requirements by effectuating a 1-for-10 reverse stock split.”

PAGE 2-- URBAN ONE, INC. REPORTS FOURTH QUARTER 2025 RESULTS

Three Months Ended December 31, Year Ended December 31,

2025202420252024

(unaudited)

CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share data)(in thousands, except share data)

NET REVENUE$97,828$117,127$374,371$449,674

OPERATING EXPENSES

Programming and technical, excluding stock-based