Urban One Q2 revenue down 6.4% to $85.8M; cuts FY 2026 Adjusted EBITDA guidance to mid-$50M range

URBAN ONE, INC.

Net loss $7.1M ($1.58 per share) vs $77.9M loss in Q2 2025; operating loss $11.2M vs $120.7M.
Adjusted EBITDA $11.7M, down from $14.0M; FY 2026 guidance cut to mid-$50M from $60M.
Revenue decline across segments: Radio -3.9%, Digital -8.4%, Cable -7.4%, Reach Media -10.6%.
Repurchased $23.5M of 2031 Second Lien Notes at ~42% of par; total debt reduction YTD $60.2M.
Acquired Service Broadcasting Group (Dallas) for $22M, closed July 17; sold Charlotte stations for $4.9M.

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