Quarterly ResultMay 14, 2026, 09:26 AM
Urban One Q1 Net Loss Narrows to $3.08M; EPS $(0.69)
AI Summary
Urban One reported a net loss attributable to common stockholders of $3.08 million, or $(0.69) per share, for Q1 2026, significantly narrowing from a $11.74 million loss, or $(2.64) per share, in Q1 2025. This improvement occurred despite a 15.8% decrease in net revenue to $77.65 million. The company also completed a 1-for-10 reverse stock split in January 2026 and acquired the remaining 5.4% ownership interest in Reach Media for approximately $1.3 million, increasing its stake to 100%.
Key Highlights
- Net loss attributable to common stockholders narrowed to $3.08 million in Q1 2026 from $11.74 million in Q1 2025.
- Basic and diluted net loss per share improved to $(0.69) in Q1 2026 from $(2.64) in Q1 2025.
- Net revenue decreased 15.8% to $77.65 million in Q1 2026 from $92.24 million in Q1 2025.
- Net cash flows from operating activities significantly increased to $22.07 million from $2.09 million year-over-year.
- Interest expense decreased to $4.41 million in Q1 2026 from $10.92 million in Q1 2025.
- Completed a 1-for-10 reverse stock split on January 22, 2026, to meet Nasdaq listing requirements.
- Acquired remaining 5.4% ownership of Reach Media for $1.3 million, increasing stake to 100%.
- Q1 2026 segment revenues: Radio Broadcasting $30.54 million, Cable Television $36.03 million, Digital $6.79 million.