secwatch.observer — SEC 8-K summary
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Issuer:     URBAN ONE, INC. (UONE)
CIK:        0001041657
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001041657-24-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban One Q3 revenue $110.4M (-6.3% YoY), net loss $0.68/sh; FY2024 EBITDA guidance cut to $102-105M
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- Q3 net revenue $110.4M, down 6.3% YoY; net loss $31.8M ($0.68/sh) vs $54.4M loss ($1.14/sh) in Q3 2023.
- Adjusted EBITDA $25.4M vs $34.7M YoY; broadcast/digital operating income $35.4M, down 19.2%.
- FY2024 Adjusted EBITDA guidance reduced to $102-105M from prior range of $110-120M.
- Q4 revenue pacing flat YoY; full-year political ad revenue expected ~$20.5M.
- Cash and equivalents $115.5M; repurchased $14.5M of 7.375% notes at 75% of par in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041657/000104165724000018/0001041657-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041657/000104165724000018/uone-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001041657-24-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer