secwatch.observer — SEC 8-K summary
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Issuer:     URBAN ONE, INC. (UONE)
CIK:        0001041657
Form:       8-K
Filed at:   2024-06-13T23:59:59+00:00
Accession:  0001558370-24-009142
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban One reports FY2023 Adj EBITDA $128.4M, Q1 2024 net income $7.5M; guides FY2024 Adj EBITDA $110-120M
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- FY2023 net revenue $477.7M (-1.4% YoY), operating loss $31.6M vs income $91.1M, Adj EBITDA $128.4M vs $165.2M.
- Q1 2024 net revenue $104.4M (-5% YoY), operating income $12.9M vs $8.1M, Adj EBITDA $21.5M vs $30.3M.
- Regained Nasdaq compliance after filing FY2023 10-K and Q1 2024 10-Q on June 7, 2024; delisting action ceased.
- FY2024 Adj EBITDA guidance $110-120M; Q2 radio net revenue pacing down ~3% on same-station basis.
- Cash $162.9M as of June 10, 2024; Q1 repurchased $75M of 2028 notes at 88.3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041657/000155837024009142/0001558370-24-009142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041657/000155837024009142/uone-20240610x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-009142

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