Urban One Reports Q3 2026 Revenue of $88 Million, Cuts EBITDA Guidance
Urban One reported Q3 2026 revenue of approximately $88.0 million, down 5.0% year over year, and adjusted EBITDA of $12.3 million versus $14.2 million a year earlier. It reported a $119.2 million net loss attributable to common stockholders, or $(26.39) per share, and revised 2026 adjusted EBITDA guidance to $40.0 million. The company is targeting at least $20.0 million in annualized cost savings.
Urban One, Inc. reported net revenue of approximately $88.0 million for the third quarter of 2026, representing a 5.0% decrease compared to the same period in 2025. The company recorded an operating loss of approximately $126.6 million and a net loss attributable to common stockholders of $119.2 million, or $(26.39) per share. Adjusted EBITDA for the quarter was $12.3 million, down from $14.2 million in the prior-year period.
CEO Alfred C. Liggins, III attributed the results to adverse radio market conditions and weak demand in the Cable TV scatter market, partially offset by political revenue and the acquisition of Dallas-market stations. The company has revised its 2026 Adjusted EBITDA guidance to $40.0 million and is targeting at least $20.0 million in annualized cost savings.