secwatch.observer — SEC 8-K summary
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Issuer:     URBAN ONE, INC. (UONE)
CIK:        0001041657
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001558370-23-019745
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban One reports delayed Q1/Q2 results; net income $67.4M, Adj. EBITDA down 24% YoY, Nasdaq extension granted
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- Six-month net revenue $239.5M (+3.8% YoY); operating income $17.8M vs $61.8M YoY.
- Net income $67.4M ($1.42 basic EPS) vs $32.8M ($0.64) prior year; includes $96.5M other income from MGM sale.
- Adjusted EBITDA $67.8M vs $89.5M; reaffirmed FY2023 Adj. EBITDA guidance $125-128M.
- Radio Q3 revenue down 0.6% overall, down 12% ex-political; Q4 pacing down 10.1% ex-political; cash $227.5M.
- Nasdaq panel grants extension until Jan 16, 2024 to file Q3 10-Q; delisting stayed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041657/000155837023019745/0001558370-23-019745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041657/000155837023019745/uone-20231207x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-019745

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