Urban One Q3 revenue -5% to $88.0M, $128.9M impairment drives $119.2M net loss; FY26 EBITDA guide cut to $40M

URBAN ONE, INC.

• Net revenue $88.0M, down 5.0% YoY; operating loss $126.6M vs $2.5M income a year ago after a $128.9M goodwill/intangible/long-lived asset impairment.
• Net loss to common stockholders $119.2M, or $(26.39)/share vs $(0.64); Adjusted EBITDA $12.3M vs $14.2M; stockholders' equity swung to $(103.0)M from $24.6M.
• FY2026 Adjusted EBITDA guidance cut to $40.0M from the prior mid-fifty-million range; management says it has identified at least $20.0M of annualized cost savings.
• Digital revenue fell to $9.6M from $12.7M and Adjusted EBITDA turned to $(0.1)M; Cable TV revenue $37.3M vs $39.8M on weak scatter demand shifting to direct response.
• Closed $22.0M Service Broadcasting buy (KKDA/KRNB Dallas) July 17, adding $1.9M of Q3 revenue; sold KZMJ for $6.0M, booking a $3.2M gain.