Highest-materiality recent filing
Urban One Q2 revenue down 6.4% to $85.8M; cuts FY 2026 Adjusted EBITDA guidance to mid-$50M range
Net loss $7.1M ($1.58 per share) vs $77.9M loss in Q2 2025; operating loss $11.2M vs $120.7M.
Urban One Q1 net loss $3.1M (-$0.69/sh); revenue falls 15.8%; FY EBITDA guide $60M
Q1 net loss $3.1M ($0.69/sh) vs $11.7M loss ($2.64/sh) in prior year; revenue $77.7M, down 15.8% YoY.
Urban One Q4 net loss $54.4M; revenue down 16.5%; guidance deferred
Q4 revenue $97.8M (-16.5% YoY); net loss $54.4M ($12.24/share) vs $35.7M loss ($7.81/share) YoY.
Urban One regains Nasdaq bid-price compliance; amends ABL maturity to 2030
First Amendment to Credit Agreement defines Maturity Date as earlier of Dec 18, 2030, 91 days before other material debt maturity, or upon failure of existing notes condition.
Urban One to effect 1-for-10 reverse stock split on Jan 22 to regain Nasdaq compliance
Reverse split at 1-for-10 ratio effective 11:59 PM ET on January 22, 2026; trading on split-adjusted basis begins Jan 23.
Issued $291.02M of 7.625% second lien notes due 2031 in exchange for existing 7.375% notes; $60.6M of 10.5% first lien notes due 2030 issued for cash.
Urban One Announces Early Results of Debt Exchange and Tender Offers
As of Dec 1, 2025, eligible holders tendered approximately $450M (92.2%) of 7.375% Senior Secured Notes due 2028.
Urban One launches debt exchange/tender/subscription offers backed by 73% noteholder group
Offers to exchange any and all 7.375% senior secured notes due 2028 for new 7.625% notes due 2031 plus cash; tender up to $185M principal for $111M cash.
Urban One Q3 revenue down 16% to $92.7M; cuts FY 2025 EBITDA guidance to $56-58M
Net revenue $92.7M (-16% YoY); net loss $2.8M ($0.06/sh) vs loss $31.8M ($0.68) in Q3 2024.
Urban One Q2 rev down 22.2% to $91.6M, cuts FY Adj EBITDA guidance to $60M
Net loss $77.9M ($1.74/sh) vs $45.4M loss YoY; includes $130M goodwill impairment.
Urban One shareholders approve reverse stock split authorization and reelect all six directors
Approved reverse stock split of Class A & D common at ratio between 1-for-2 and 1-for-30; board committee to set exact ratio.
Urban One Q1 net loss $11.7M; revenue down 11.7%; reaffirms FY EBITDA $75M
Net revenue $92.2M, down 11.7% YoY; operating income $2.1M vs $12.9M prior year.
Urban One dismisses EY as auditor, appoints PwC effective April 7, 2025
EY dismissal and PwC appointment approved by Audit Committee on April 7, 2025.
Urban One Q4 net loss $35.7M ($0.78/sh); FY2025 EBITDA guidance slashed to $75M
Q4 net loss $35.7M ($0.78/sh) vs net loss $11.0M ($0.23/sh) prior year on goodwill impairment and lower revenue.
Urban One receives Nasdaq bid-price deficiency notice for Class D common stock
Nasdaq notified Urban One on Feb 11, 2025, that Class D stock (UONEK) closed below $1.00 for 30 consecutive business days.
Urban One Q3 revenue $110.4M (-6.3% YoY), net loss $0.68/sh; FY2024 EBITDA guidance cut to $102-105M
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.
Net loss of $45.4M ($0.94 diluted loss per share) vs income of $70.4M in Q2 2023; includes $80.8M impairment.
FY2023 net revenue $477.7M (-1.4% YoY), operating loss $31.6M vs income $91.1M, Adj EBITDA $128.4M vs $165.2M.
Urban One obtains sixth waiver on ABL facility; deadlines set for delayed 10-K and Q1 10-Q
Entered sixth waiver and amendment to Current ABL Facility (Feb 19, 2021) with Bank of America.
Urban One receives Nasdaq deficiency notice for late 2023 10-K filing
Received notice on April 8, 2024 for non-compliance with Listing Rule 5250(c)(1) due to late 2023 10-K.
Filed Q3 2023 10-Q on Dec 22, 2023, curing prior deficiency under Listing Rule 5250(c).
Six-month net revenue $239.5M (+3.8% YoY); operating income $17.8M vs $61.8M YoY.
Urban One receives additional Nasdaq delisting notice for late Q3 filing; hearing set Nov 30
Entered Fifth Waiver and Amendment to ABL Facility waiving defaults for late Q1/Q2 2023 10-Qs; deadlines Nov 30 and Dec 31, 2023.
Urban One secures extension of Nasdaq suspension stay; delisting hearing set for Nov 30
Nasdaq notified Urban One on Sept 28, 2023 of potential delisting for failing to file Q1 and Q2 2023 10-Qs.
Waives events of default for failure to timely deliver Q1 2023 and Q2 2023 Form 10-Qs.
Urban One receives Nasdaq delisting notice; preliminary Q1 2023 Adj. EBITDA $30M, revenue $110M
Nasdaq initiated delisting process due to failure to file Q1 and Q2 2023 10-Qs; hearing requested by Oct 20, 2023.
Urban One receives third Nasdaq non-compliance notice for late Q1 and Q2 2023 filings
Received third Nasdaq letter (Aug 16) for failure to file Q1 and Q2 2023 Form 10-Qs.
Urban One waives ABL defaults, delays Q1/Q2 10-Qs to Sept 30, appoints EY as auditor
Entered third waiver and amendment to ABL facility waiving default from late Q1 and Q2 10-Qs, sets deadline Sept 30, 2023.
Urban One Q4 net income $856K, down 84% YoY; auditor BDO dismissed, material weaknesses cited
Q4 2022 net revenue $132.6M (+1.6% YoY); net income $856K ($0.02 basic EPS) vs $5.3M ($0.10) in Q4 2021.
Urban One 50/50 JV with Churchill Downs signs $562M casino agreement with Richmond, VA
RVA Entertainment Holdings (50/50 JV with Churchill Downs) entered Resort Casino Host Community Agreement with City of Richmond.
Urban One receives second Nasdaq delisting notice for late 10-K and 10-Q filings
Nasdaq notified Urban One on May 19, 2023 of non-compliance for failing to file 2022 10-K and Q1 2023 10-Q.
Urban One completes sale of MGM National Harbor interest for $136.8M
Closed sale of 100% interest in MGM National Harbor, LLC to MGMNH on April 21, 2023.
Received Nasdaq non-compliance notice for late 2022 Form 10-K; 60 days to file or submit plan (deadline June 2, 2023).
Urban One issues put for MGMNH stake, expects $145.5M; delays 10-K, cites control weaknesses
Put notice for 100% of MGM National Harbor interest; expects ~$145.5M cash including FY2022 distribution.
Urban One Q3 revenue up 8.9% to $121.4M; raises FY22 Adjusted EBITDA guidance to mid-$160Ms
Net revenue $121.4M (+8.9% YoY); net income $4.2M ($0.09 basic EPS) vs $13.9M ($0.27) in Q3 2021.
Urban One enters new employment agreements for Hughes, Liggins, Thompson
Cathy Hughes (Chairwoman): $1M base, 281,250 restricted Class A shares + options for 93,750 Class D shares as completion bonus.
Urban One reaffirms FY2022 Adjusted EBITDA guidance above prior $145-150M range
On Q2 2022 earnings call, company reaffirmed FY2022 adjusted EBITDA now expected to exceed prior range of $145-150 million.
Urban One Q2 revenue up 10.4% to $118.8M; reports material weakness, casino vote delayed to 2023
Net revenue $118.8M (+10.4% YoY); net income $15.0M ($0.30 basic) vs $17.9M ($0.36 basic) last year.
Urban One signs $25M deal for Emmis Indianapolis radio cluster, expects Q3 2022 close
Definitive asset purchase agreement to acquire WYXB, WLHK, WIBC, translators, and Network Indiana from Emmis for $25M.
Urban One Q1 revenue up 22.9% to $112.3M; raises FY22 Adjusted EBITDA guidance above $145-150M range
Net revenue $112.3M (+22.9% YoY); net income $16.4M ($0.32 basic EPS) vs $0.00 prior year.
Net revenue $131.0M (+15.3% YoY); net income $6.6M ($0.13 basic EPS) vs $26.4M ($0.58) in Q4 2020.
City of Richmond adopted resolution on Jan. 24, 2022, supporting a second referendum on Urban One's $560M casino project.
On July 26, 2021, the board of directors of the Urban One, Inc. (the “Company”) reappointed D. Geoffrey Armstrong to the Board.
Max materiality 0.90 · Median 0.70 · Most common event earnings