Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE (301) 429-4638 August 13, 2025 Contact: Peter D. Thompson, EVP and CFO URBAN ONE, INC. REPORTS SECOND QUARTER 2025 RESULTS Silver Spring, MD: - Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the three months ended June 30, 2025. For the three months ended June 30, 2025, net revenue was approximately $91.6 million, a decrease of 22.2% from the same period in 2024. The Company reported operating loss of approximately $120.7 million for t ...

Financial Data and Key Metrics Changes - Consolidated net revenue for the quarter was approximately $91.6 million, down 22.2% year over year [8] - Net loss was approximately $77.9 million or $1.74 per share, compared to a net loss of $45.4 million or $0.94 per share for the previous year [18] - Consolidated adjusted EBITDA was $14 million for the second quarter, down 51.7% [15] Business Line Data and Key Metrics Changes - Radio Broadcast segment net revenue was $36.7 million, a decrease of 12.6% year on year [8] - Reach Media segment net revenue was $5.3 million, down 71.9% from the prior year [10] - Digital segment revenues were down 27.1% at $10.3 million, impacted by the loss of an exclusive third-party audio streaming deal [11] - Cable Television segment revenue was approximately $40.1 million, a decrease of 7.5% [12] Market Data and Key Metrics Changes - Local advertising sales were down 5.6% against a market that was down 11% [9] - National ad sales were down 23.6% against a market that was down 13.1% [9] - Cable subscribers for TV One decreased to 34.3 million from 35.6 million at the end of Q1 [12] Company Strategy and Development Direction - The company revised its full-year guidance down from $75 million to $60 million due to headwinds [6] - Management is focused on cost cuts and rightsizing, with plans to implement changes by the end of Q3 [6][7] - The company is prioritizing debt reduction and expense management, with a focus on maintaining cash flow [27] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a tough quarter but noted that the TV business is performing better than originally budgeted [5][6] - The company is experiencing significant headwinds in radio and digital businesses, particularly in national advertising [7][40] - Management indicated that the decline in revenue is partly due to the pullback in DEI dollars and the impact of AI on marketing strategies [40][43] Other Important Information - The company repurchased $64 million of its 2028 notes, reducing overall debt balances [17] - Total gross debt was approximately $492.3 million, with unrestricted cash of $85.7 million, resulting in a net leverage ratio of 5.14x [18] Q&A Session Summary Question: Are the improved EBITDA margins in the cable TV segment due to cost-cutting initiatives? - Management indicated that the margin improvement is primarily a timing issue rather than a direct result of cost cuts [20][21] Question: What should be expected from the second round of cost cuts? - Management stated that the impact of the second round of cost cuts will likely be seen in 2026, and they are still in the process of determining the specifics [22][23] Question: How is the company approaching debt buybacks given the recent bond price increases? - Management confirmed that their focus remains on debt reduction and expense management, with no immediate plans for further debt buybacks [26][27] Question: Will the reduction in sales and marketing expenses be the new normal? - Management noted that while there is a timing difference affecting expenses, they are tightening their belts and do not expect a major rebound in those costs [34][35] Question: What is the status of the company's available credit line? - Management confirmed that the credit line is fully available and they are in compliance with the maintenance covenant [44][45]

Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 Commission File No. 0-25969 URBAN ONE, INC. (Exact name of registrant as specified in its charter) Delaware 52-1166660 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1010 Wayne Avenue, 14th Floor Silver Spring, Maryland 20910 (Address of pr ...

Company Overview - Urban One, Inc. is the largest diversified media company targeting Black Americans and urban consumers in the United States [4] - The company owns TV One, LLC, which serves over 35 million households with a variety of original programming, classic series, and movies [4] - As of June 30, 2025, Urban One operates 72 independently formatted broadcast stations, including 57 FM or AM stations, 13 HD stations, and 2 low power television stations across 13 urban markets [4] - Urban One also has a controlling interest in Reach Media, Inc., which operates syndicated programming such as the Rickey Smiley Morning Show and the DL Hughley Show [4] - The company owns iOne Digital, a digital platform serving the African American community through various social content, news, and entertainment websites [4] Upcoming Events - Urban One will hold a conference call on August 19, 2025, at 10:00 a.m. EDT to discuss its second fiscal quarter results [1] - U.S. callers can participate by dialing +1-888-596-4144, while international callers can dial +1-646-968-2525, using Access Code 3660282 [1] - A replay of the conference call will be available from August 19, 2025, at 2:00 p.m. EDT until August 26, 2025, at 11:59 p.m. EDT [2]

[PART I. FINANCIAL INFORMATION](index=6&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) The company experienced a significant decline in Q1 2025 net revenue and a shift to net loss, accompanied by reduced assets and a positive operating cash flow [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Urban One reported a Q1 2025 net loss of $11.7 million, a reversal from prior year's net income, driven by decreased revenue and an impairment charge Consolidated Statements of Operations Highlights (Q1 2025 vs Q1 2024) | Financial Metric | Three Months Ended March 31, 2025 (in thousands) | Three Months Ended March 31, 2024 (in thousands) | Change (%) | | :--- | :--- | :--- | :--- | | **Net Revenue** | $92,235 | $104,410 | -11.7% | | Total operating expenses | $90,137 | $91,522 | -1.5% | | Impairment of intangible assets | $6,443 | $0 | N/A | | **Operating income** | $2,098 | $12,888 | -83.7% | | Gain on retirement of debt | $11,587 | $7,874 | +47.2% | | **Net (Loss) Income** | $(11,739) | $7,735 | N/A | | **Net (Loss) Income Attributable to Common Stockholders** | $(11,742) | $7,493 | N/A | | Diluted (Loss) Income Per Share | $(0.26) | $0.15 | N/A | [Condensed Consolidated Balance Sheets](index=8&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets decreased to $890.6 million, primarily due to reduced cash, while total liabilities also declined Balance Sheet Summary (as of March 31, 2025 vs. Dec 31, 2024) | Account | March 31, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--- | :--- | :--- | | Cash and cash equivalents | $115,084 | $137,090 | | Total current assets | $263,596 | $305,379 | | **Total assets** | **$890,551** | **$944,790** | | Long-term debt, net | $551,494 | $579,069 | | Total current liabilities | $89,037 | $114,302 | | **Total liabilities** | **$727,595** | **$765,857** | | **Total stockholders' equity** | **$159,238** | **$170,945** | [Condensed Consolidated Statements of Cash Flows](index=12&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations turned positive in Q1 2025, while financing activities used significantly less cash, leading to a $22.0 million decrease in total cash Cash Flow Summary (Q1 2025 vs Q1 2024) | Cash Flow Activity | Three Months Ended March 31, 2025 (in thousands) | Three Months Ended March 31, 2024 (in thousands) | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $2,085 | $(2,477) | | Net cash (used in) provided by investing activities | $(2,547) | $406 | | Net cash used in financing activities | $(21,544) | $(75,753) | | **Net decrease in cash, cash equivalents and restricted cash** | **$(22,006)** | **$(77,824)** | [Notes to the Condensed Consolidated Financial Statements](index=14&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the company's multi-media segments, a $6.4 million radio license impairment, TV One trade name reclassification, debt/stock repurchases, and an ongoing IT security incident investigation - The company operates as an urban-oriented, multi-media company with four reportable segments: Radio Broadcasting, Reach Media, Digital, and Cable Television, primarily targeting African-American and urban consumers[33](index=33&type=chunk)[35](index=35&type=chunk) Net Revenue by Segment (Q1 2025 vs Q1 2024) | Segment (in thousands) | Q1 2025 Net Revenue | Q1 2024 Net Revenue | | :--- | :--- | :--- | | Radio Broadcasting | $32,610 | $36,351 | | Reach Media | $5,853 | $8,472 | | Digital | $10,212 | $12,189 | | Cable Television | $44,193 | $48,004 | | **Consolidated Total** | **$92,235** | **$104,410** | - The company recognized a **$6.4 million impairment loss** on radio broadcasting licenses in five markets due to declines in projected market revenues and operating profit margins[71](index=71&type=chunk)[73](index=73&type=chunk) - Effective January 1, 2025, the TV One Trade Name was changed from an indefinite-lived to a finite-lived intangible asset with a **20-year amortization period**, resulting in **$0.6 million of amortization expense** in Q1 2025[78](index=78&type=chunk) - In Q1 2025, the company repurchased approximately **$28.2 million of its 2028 Notes for $16.4 million**, resulting in a net gain of **$11.6 million**[87](index=87&type=chunk) - The company is investigating an IT security incident where an unauthorized third party accessed its systems around February 10, 2025. The investigation is ongoing, and the financial impact is not yet reasonably estimable[128](index=128&type=chunk) - Subsequent to the quarter end, the company repurchased an additional **$60.4 million of its 2028 Notes** at an average price of **52.0% of par**[129](index=129&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=41&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the Q1 2025 revenue decline to weaker ad demand and subscriber churn, with operating income significantly impacted by a $6.4 million impairment charge, while liquidity remains stable [Results of Operations](index=45&type=section&id=Results%20of%20Operations) Q1 2025 net revenue decreased by **$12.2 million (11.7%)** across all segments, with a **$6.4 million impairment charge** causing operating income to plummet Net Revenue by Source (Q1 2025 vs Q1 2024) | Revenue Source (in thousands) | Q1 2025 | Q1 2024 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Radio advertising | $36,217 | $41,341 | $(5,124) | (12.4)% | | Political advertising | $150 | $1,237 | $(1,087) | (87.9)% | | Digital advertising | $10,211 | $12,167 | $(1,956) | (16.1)% | | Cable television advertising | $25,425 | $27,144 | $(1,719) | (6.3)% | | Cable television affiliate fees | $18,717 | $20,787 | $(2,070) | (10.0)% | | **Total Net Revenue** | **$92,235** | **$104,410** | **$(12,175)** | **(11.7)%** | - Selling, general and administrative (SG&A) expenses decreased by **$5.5 million (9.9%)** primarily due to lower professional services and office lease costs at the corporate level[149](index=149&type=chunk) - A gain on retirement of debt of **$11.6 million** was recognized in Q1 2025 from repurchasing **$28.2 million of 2028 Notes** at an average price of **58.0% of par**[157](index=157&type=chunk) [Non-GAAP Financial Measures](index=50&type=section&id=Non-GAAP%20Financial%20Measures) Non-GAAP measures show Broadcast and Digital Operating Income decreased by **28.1%** to **$23.0 million**, and Adjusted EBITDA declined to **$12.9 million** in Q1 2025 Non-GAAP Performance Metrics (Q1 2025 vs Q1 2024) | Metric (in thousands) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Broadcast and digital operating income | $23,016 | $32,014 | | Adjusted EBITDA | $12,857 | $22,257 | - The decrease in Broadcast and digital operating income was driven by lower performance in the Radio Broadcasting, Reach Media, and Digital segments[165](index=165&type=chunk) [Liquidity and Capital Resources](index=55&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) As of March 31, 2025, liquidity is supported by **$115.6 million cash** and an undrawn **$50.0 million ABL facility**, with ongoing debt and stock repurchases - Primary sources of liquidity are cash from operations and the **$50.0 million Current ABL Facility**, which was undrawn as of March 31, 2025[171](index=171&type=chunk)[182](index=182&type=chunk) - In Q1 2025, the company repurchased **$28.2 million of its 2028 Notes** at an average price of **58.0% of par**[181](index=181&type=chunk) - Under the 2024 Stock Repurchase Program, the company bought back **449,252 Class A shares for ~$0.7 million** and **204,646 Class D shares for ~$0.2 million** in Q1 2025. Approximately **$12.7 million** remains under the authorization[176](index=176&type=chunk)[177](index=177&type=chunk) - The company's ownership in Reach Media increased to **94.6%** after paying **$3.2 million** to non-controlling shareholders who exercised their annual Put Right[192](index=192&type=chunk)[215](index=215&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=66&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This disclosure is not required for smaller reporting companies - Disclosure is not required for smaller reporting companies[221](index=221&type=chunk) [Controls and Procedures](index=66&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were ineffective as of March 31, 2025, due to identified material weaknesses in internal control over financial reporting - The CEO and CFO concluded that disclosure controls and procedures were **not effective** as of March 31, 2025[223](index=223&type=chunk) - A material weakness was identified in entity-level controls, including the control environment, identification of control activities, and monitoring activities[225](index=225&type=chunk) - A material weakness was identified in IT general controls related to user access, program change management, and IT operations[226](index=226&type=chunk) - A material weakness was identified in control activities, specifically regarding the financial statement close process and management review over transactions requiring significant judgment[228](index=228&type=chunk) [PART II. OTHER INFORMATION](index=69&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=69&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in routine legal proceedings not expected to materially affect its financial condition or operations - The company states that the outcome of routine legal proceedings is not expected to have a material adverse effect on its business[230](index=230&type=chunk) [Risk Factors](index=69&type=section&id=Item%201A.%20Risk%20Factors) No changes to risk factors have occurred since the filing of the 2024 Form 10-K - No changes to risk factors have occurred since the filing of the 2024 Form 10-K[231](index=231&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=69&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) In Q1 2025, the company repurchased **449,252 Class A shares** at **$1.48/share** and **303,622 Class D shares** at **$0.87/share** under repurchase programs Issuer Purchases of Equity Securities (Q1 2025) | Period and Class | Total Shares Purchased | Average Price Paid Per Share | Maximum Dollar Value Remaining (in thousands) | | :--- | :--- | :--- | :--- | | **Class A** | **449,252** | **$1.48** | **$12,752** | | January 2025 | 327,525 | $1.50 | $13,030 | | February 2025 | 70,099 | $1.42 | $12,865 | | March 2025 | 51,628 | $1.43 | $12,752 | | **Class D** | **303,622** | **$0.87** | **$12,752** | | January 2025 | 165,023 | $0.97 | $13,030 | | February 2025 | 79,067 | $0.81 | $12,865 | | March 2025 | 59,532 | $0.67 | $12,752 | [Defaults Upon Senior Securities](index=69&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities during the period - None[233](index=233&type=chunk) [Mine Safety Disclosures](index=69&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[234](index=234&type=chunk) [Other Information](index=70&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted or terminated Rule 10b5-1 trading arrangements during the quarter - No directors or officers adopted or terminated a Rule 10b5-1 trading arrangement in Q1 2025[235](index=235&type=chunk) [Exhibits](index=70&type=section&id=Item%206.%20Exhibits) The report lists filed exhibits, including CEO/CFO certifications under Sarbanes-Oxley Sections 302 and 906, and Inline XBRL financial information

Part I [Financial & Operational Highlights](index=1&type=section&id=Financial%20%26%20Operational%20Highlights) Urban One reported a challenging Q1 2025 with net revenue down 11.7% to $92.2 million, a shift to an $11.7 million net loss, and Adjusted EBITDA declining to $12.9 million, while reaffirming full-year guidance and actively managing debt Q1 2025 Key Financial Metrics (YoY Comparison) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Net Revenue | $92.2M | $104.4M | -11.7% | | Operating Income | $2.1M | $12.9M | -83.7% | | Broadcast and digital operating income | $23.0M | $32.0M | -28.1% | | Net (Loss) Income | ($11.7M) | $7.5M | N/A | | Basic (Loss) Earnings Per Share | ($0.26) | $0.15 | N/A | | Adjusted EBITDA | $12.9M | $22.3M | -42.2% | - **CEO Commentary**: The CEO stated that Q1 results were broadly in line with expectations, with core radio advertising down **12.4%**, Cable TV advertising down **6.3%**, and digital revenues decreasing by **16.1%** due to weakness in streaming and podcasting[1](index=1&type=chunk) - **Outlook**: The company reaffirmed its full-year 2025 guidance of **$75 million** in Adjusted EBITDA[1](index=1&type=chunk) - **Capital Management**: The company has repurchased **$88.6 million** in debt so far in 2025, reducing gross debt to **$495.9 million**, with cash on hand approximately **$79.8 million**[1](index=1&type=chunk) - **Strategy**: The focus remains on controlling costs, managing leverage, and maintaining a strong liquidity position in a challenging market[1](index=1&type=chunk) [Consolidated Financial Statements](index=2&type=section&id=Consolidated%20Financial%20Statements) This section presents core financial statements for Q1 2025, detailing a decline in revenue and operating income leading to a net loss, alongside a reduction in total assets, debt, and stockholders' equity on the balance sheet [Consolidated Statements of Operations](index=2&type=section&id=Consolidated%20Statements%20of%20Operations) Q1 2025 net revenue declined to $92.2 million, with a $6.4 million impairment charge on intangible assets significantly impacting profitability, resulting in operating income dropping to $2.1 million and a consolidated net loss of $11.7 million Q1 2025 Consolidated Statement of Operations Highlights (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Revenue | $92,235 | $104,410 | | Total Operating Expenses | $90,137 | $91,522 | | Impairment of Intangible Assets | $6,443 | $0 | | Operating Income | $2,098 | $12,888 | | Gain on Retirement of Debt | $11,587 | $7,874 | | Net (Loss) Income | ($11,739) | $7,735 | | Net (Loss) Income Attributable to Common Stockholders | ($11,742) | $7,493 | [Selected Consolidated Balance Sheet Data](index=8&type=section&id=Selected%20Consolidated%20Balance%20Sheet%20Data) As of March 31, 2025, the balance sheet reflects decreased cash to $115.6 million and total assets to $890.6 million, with total debt, net of issuance costs, reduced to $551.5 million due to repurchase activities Balance Sheet Data (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $115,568 | $137,574 | | Total assets | $890,551 | $944,790 | | Total debt, net of issuance costs | $551,494 | $579,069 | | Total stockholders' equity | $159,238 | $170,945 | [Segment Performance Analysis](index=3&type=section&id=Segment%20Performance%20Analysis) All operating segments experienced year-over-year declines in Q1 2025 net revenue and Adjusted EBITDA, with Cable Television remaining the largest contributor despite declines, and the company reclassified its CTV offering for segment reporting comparability - Effective January 1, 2025, the company transferred its CTV offering from the Digital segment to the Cable Television segment to better align operations, with prior period segment information reclassified for comparability[3](index=3&type=chunk) Segment Net Revenue and Adjusted EBITDA (in thousands) | Segment | Q1 2025 Net Revenue | Q1 2024 Net Revenue | Q1 2025 Adj. EBITDA | Q1 2024 Adj. EBITDA | | :--- | :--- | :--- | :--- | :--- | | Radio Broadcasting | $32,610 | $36,351 | $2,848 | $5,634 | | Reach Media | $5,853 | $8,472 | ($551) | $1,830 | | Digital | $10,212 | $12,189 | $58 | $2,347 | | Cable Television | $44,193 | $48,004 | $18,592 | $19,301 | [Detailed Revenue Analysis](index=9&type=section&id=Detailed%20Revenue%20Analysis) Total net revenue decreased by 11.7% to $92.2 million in Q1 2025, with broad-based declines across all major revenue streams, including significant drops in political, radio, digital, and cable television advertising and affiliate fees Net Revenue by Source (in thousands) | Revenue Source | Q1 2025 | Q1 2024 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Radio advertising | $36,217 | $41,341 | ($5,124) | (12.4)% | | Political advertising | $150 | $1,237 | ($1,087) | (87.9)% | | Digital advertising | $10,211 | $12,167 | ($1,956) | (16.1)% | | Cable television advertising | $25,425 | $27,144 | ($1,719) | (6.3)% | | Cable television affiliate fees | $18,717 | $20,787 | ($2,070) | (10.0)% | | **Total Net Revenue** | **$92,235** | **$104,410** | **($12,175)** | **(11.7)%** | - **Radio Broadcasting** revenue decreased by **$3.8 million**, primarily due to weaker national advertiser demand and lower political revenues[10](index=10&type=chunk) - **Reach Media** revenue fell by **$2.6 million**, driven by lower overall demand and advertiser attrition[10](index=10&type=chunk) - **Digital** revenue declined by **$2.0 million**, mainly from a decrease in national digital sales[10](index=10&type=chunk) - **Cable Television** revenue dropped by **$3.8 million**, primarily due to subscriber churn[10](index=10&type=chunk) [Detailed Financial Analysis](index=10&type=section&id=Detailed%20Financial%20Analysis) The company recorded a $6.4 million impairment charge on radio broadcasting licenses, reduced interest expense by $2.1 million through debt repurchases, bought back Class A and D common stock, and increased capital expenditures to $2.5 million - An impairment loss of **$6.4 million** was recognized in Q1 2025 related to broadcasting licenses within the Radio Broadcasting segment, driven by declines in projected market revenues and operating profit margins[14](index=14&type=chunk) - Interest expense decreased by **$2.1 million** to **$10.9 million**, primarily due to debt repurchases, with approximately **$28.2 million** of its 2028 Notes repurchased during the quarter[16](index=16&type=chunk) - During Q1 2025, the company repurchased **449,252 shares** of Class A stock for approximately **$0.7 million** and **303,622 shares** of Class D stock for approximately **$0.3 million**[19](index=19&type=chunk) - Capital expenditures were approximately **$2.5 million** for Q1 2025, an increase from **$1.8 million** in Q1 2024[18](index=18&type=chunk) [Non-GAAP Financial Measures & Reconciliations](index=6&type=section&id=Non-GAAP%20Financial%20Measures%20%26%20Reconciliations) This section reconciles non-GAAP measures like 'Broadcast and digital operating income' and 'Adjusted EBITDA' to Net (loss) income, showing Q1 2025 Adjusted EBITDA at $12.9 million with adjustments for taxes, interest, and debt retirement gains Reconciliation of Net (Loss) Income to Adjusted EBITDA (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **Net (loss) income attributable to common stockholders** | **($11,742)** | **$7,493** | | Provision for income taxes | 15,658 | 2,502 | | Interest expense | 10,924 | 12,998 | | Depreciation and amortization | 2,315 | 1,850 | | EBITDA | $16,189 | $22,845 | | Stock-based compensation | 676 | 1,384 | | Gain on retirement of debt | (11,587) | (7,874) | | Impairment of intangible assets | 6,443 | — | | Other Adjustments | 388 | 5,400 | | **Adjusted EBITDA** | **$12,857** | **$22,257** | [Supplemental and Company Information](index=11&type=section&id=Supplemental%20and%20Company%20Information) This section provides detailed supplemental financial statements by segment for Q1 2025 and Q1 2024, an overview of Urban One's business as a diversified media company targeting Black Americans, and details for the upcoming investor conference call - The company will hold a conference call to discuss Q1 2025 results on Tuesday, May 13, 2025, at 10:00 a.m. EDT[23](index=23&type=chunk) - Urban One is the largest diversified media company primarily targeting Black Americans and urban consumers in the U.S., owning TV One, 72 broadcast stations under "Radio One", Reach Media, and the iOne Digital platform[25](index=25&type=chunk) - Supplemental statements of operations provide a detailed breakdown of revenues, expenses, and operating income (loss) for each of the company's four segments plus corporate eliminations for Q1 2025 and the recast Q1 2024[21](index=21&type=chunk)[22](index=22&type=chunk)

Financial Data and Key Metrics Changes - Consolidated net revenue was approximately $92.2 million, down 11.7% year over year [10] - Adjusted EBITDA was approximately $12.9 million, down 42.2% [15] - Net loss was approximately $11.7 million or $0.26 per share, compared to net income of $7.5 million or $0.15 per share for the same quarter last year [17] Business Line Data and Key Metrics Changes - Radio Broadcasting segment net revenue was $32.6 million, a decrease of 10.3% year over year [10] - Media segment net revenue was $5.9 million, down 30.9% from the prior year, with an adjusted EBITDA loss of $600,000 [12] - Cable Television segment revenue was $44.2 million, a decrease of 7.9%, with advertising revenue down 6.3% [13] Market Data and Key Metrics Changes - Local ad sales were down 12.8% against markets that were down 13.2% [10] - National ad sales were down 14.6% against markets being down 11.6% [10] - Cable subscribers for TV One decreased to 35.6 million from 37.2 million at the end of Q4 [13] Company Strategy and Development Direction - The company is focused on cost controls, managing leverage, and maintaining a strong liquidity position [6][8] - Plans to invest in new distribution opportunities in the FAST and AVOD environment rather than just increasing content spending [81] - The company aims to improve local digital efforts, which currently contribute low single digits to revenue compared to competitors [58] Management's Comments on Operating Environment and Future Outlook - Management indicated that radio pacing has weakened, down about 9% [5] - The expectation is that the majority of EBITDA will come in the second half of 2025, with Q2 expected to be similarly weak as Q1 [28][31] - Management does not foresee a positive rebound in advertising this year due to ongoing uncertainties [45] Other Important Information - The company repurchased $28.2 million of its 2028 notes at an average price of 58% of par [16] - Total gross debt was approximately $556.3 million, with unrestricted cash of $115.1 million, resulting in a net debt of approximately $441.3 million [18] Q&A Session Summary Question: What other levers can be pulled to control costs? - Management mentioned ongoing cost-cutting measures and plans to identify further opportunities by mid-year [23][24] Question: Is the majority of EBITDA expected in the second half of 2025? - Yes, more than half is expected to come in the second half of the year [28][29] Question: Should further debt repurchases be expected? - Management indicated a deliberate and opportunistic approach to debt repurchases, suggesting that they will continue as conditions allow [32][34] Question: How is the local SMB advertising environment compared to national? - Local advertising is down low single digits, which is better than national advertising, which is experiencing more significant declines [51][53] Question: Can you break out cable TV revenue between carriage fees and advertising? - Management confirmed that this information is available in the press release [65] Question: What is the renewal schedule with large cable and MVPDs? - Charter, Verizon, and NCTC contracts are up this year, with Comcast and AT&T renewals next year [68][70] Question: How are TV One ratings performing? - Ratings have stabilized and are exceeding budgeted numbers year to date [73] Question: Is programming spend steady or growing? - Programming spend is down about 10%, with no major plans to increase it significantly [75][79]

Financial Data and Key Metrics Changes - Consolidated net revenue is approximately $92.2 million, down 11.7% year over year [10] - Adjusted EBITDA reached approximately $12.9 million, down 42.2% [15] - Net loss was approximately $11.7 million or $0.26 per share compared to net income of $7.5 million or $0.15 per share for the same quarter last year [17] Business Line Data and Key Metrics Changes - Radio Broadcasting segment net revenue was $32.6 million, a decrease of 10.3% year over year [10] - Digital segment net revenue was down 16.2% in Q1 at $10.2 million, with audio streaming revenue down by $2.1 million [12] - Cable Television segment recognized approximately $44.2 million in revenue, a decrease of 7.9% [13] Market Data and Key Metrics Changes - Local ad sales were down 12.8% against markets that were down 13.2% [10] - National ad sales were down 14.6% against markets being down 11.6% [10] - TV One delivery declined 18% in total day persons, partially offset by a 29% increase in Clio TV [13] Company Strategy and Development Direction - The company is focused on cost controls, managing leverage, and maintaining a strong liquidity position [6] - Plans to continue deleveraging and maintaining liquidity in a difficult environment [7] - The company is exploring new distribution opportunities in the FAST and AVOD environment to monetize content [78] Management's Comments on Operating Environment and Future Outlook - Management indicated that radio pacing has weakened, down about 9% [5] - The majority of EBITDA is expected to come in the second half of 2025 [26] - Management does not foresee a positive ad rebound this year, citing uncertainty in the advertising market [45] Other Important Information - The company repurchased $28.2 million of its 2028 notes at an average price of 58% of par [16] - Total gross debt was approximately $556.3 million, with unrestricted cash of $115.1 million, resulting in a net debt of approximately $441.3 million [19] Q&A Session Summary Question: What other levers can the company pull to control costs? - Management mentioned ongoing cost-cutting measures and plans to identify further opportunities by mid-year [22][24] Question: Is the majority of EBITDA expected in the second half of 2025? - Management confirmed that more than half of EBITDA is expected in the second half of the year [26] Question: Should further debt repurchases be expected? - Management indicated that they will continue to be opportunistic with debt repurchases [29][31] Question: How is the advertising environment on the radio side? - Management noted that national advertising is currently weak, while local SMBs are not down as dramatically [50][52] Question: Can the company break out cable TV revenue between carriage fees and advertising? - Management directed the caller to the press release for detailed information [62] Question: What is the renewal schedule with large cable and other MVPDs? - Management provided details on upcoming renewals with Charter, Verizon, and NCTC [65][66] Question: What is the status of TV One ratings? - Management stated that ratings have stabilized and are exceeding budgeted numbers year to date [69] Question: Is programming spend steady or growing? - Management indicated that programming spend is down about 10% [72]

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $103.5 million for Q4 2024, which was in the middle of its guidance range [6][10] - Consolidated net revenues decreased by 2.7% year-over-year to approximately $117.1 million [12] - The net loss for Q4 was approximately $35.7 million, or $0.78 per share, compared to a net loss of $11 million, or $0.23 per share, for the same quarter in 2023 [25] Business Line Data and Key Metrics Changes - Radio Broadcast segment net revenue was $47.7 million, an increase of 14.5% year-over-year, but down 5.1% when excluding political advertising [12][13] - Reach Media segment net revenue was $9.6 million, down 10.7% from the prior year [14] - Digital segment net revenue decreased by 3.1% to $20.5 million, with political advertising contributing $2.4 million [15] - Cable Television segment revenue was approximately $39.8 million, a decrease of 15.9%, with advertising revenue down 21.4% [16][17] Market Data and Key Metrics Changes - Local ad sales were up 0.1% against a market decline of 5.2%, while national ad sales increased by 35.4% against a market increase of 28.4% [13] - Cable subscribers for TV One decreased to 37.2 million from 39.1 million at the end of Q3 [19] Company Strategy and Development Direction - The company is focusing on cost containment and debt reduction, with a guidance of $75 million for adjusted EBITDA in 2025, down from $103.5 million in 2024 [10][11] - Management indicated a strong liquidity position with approximately $137 million in cash on hand [9] - The company is exploring M&A opportunities while prioritizing debt reduction [59] Management's Comments on Operating Environment and Future Outlook - Management noted broad softness in advertising demand, particularly in the radio business, with negative pacing across local, national, and network radio [36] - There is optimism for improvement in radio business pacing, which is expected to stabilize in Q2 [8][40] - Management expressed belief in further consolidation within the radio sector due to deregulation [45][46] Other Important Information - The company recorded $24.2 million in noncash impairment charges in Q4, primarily related to the TV One brand name and goodwill [24] - The company repurchased $15.4 million of its 2028 notes during the quarter, reducing the balance to approximately $584.6 million [23][27] - An incident involving unauthorized access to the company's IT systems was reported, but it has not materially impacted operations [27][28] Q&A Session Summary Question: Clarification on Q1 radio pacing - Management confirmed that Q1 radio pacing down 13.6% aligns with a 5.1% decline in Q4 when excluding political advertising [31][34] Question: Insights on weakness in Q4 and improvement in Q2 - Management indicated broad softness in advertising demand and noted improvements in local markets, particularly in Ohio [36][38] Question: Opportunities from deregulation in broadcasting - Management believes further consolidation in the radio sector is likely and that they are in a strong position to capitalize on opportunities [45][46] Question: Capital allocation plans for fiscal '25 - The company plans to allocate 95% of capital to debt reduction, with a small plan for stock repurchases [56][59] Question: Update on Digital segment revenue - Management explained that connected TV revenue will be reported under the TV segment going forward, affecting digital revenue numbers [66][72] Question: Free cash flow expectations for the year - Management anticipates around $25 million of free cash flow generation off the $75 million EBITDA guidance [83] Question: Potential asset sales - Management indicated that while there are noncore assets, the current market lacks buyers for such assets [90][92] Question: Minimum cash balance target - Management stated there is no minimum cash balance target, and they have an undrawn $50 million revolver available [94][96] Question: Thoughts on cable network spin-offs - Management expressed skepticism about the impact of spin-offs on the market, citing challenges in valuing cable assets [100][106]

Financial Performance - For Q4 2024, Urban One, Inc. reported net revenue of approximately $117.1 million, a decrease of 2.7% from Q4 2023's $120.3 million[1]. - The company experienced an operating loss of approximately $1.9 million in Q4 2024, compared to an operating income of approximately $6.8 million in Q4 2023[1]. - Net loss for Q4 2024 was approximately $35.7 million, or $(0.78) per share, compared to a net loss of $11.0 million, or $(0.23) per share, in the same period last year[1]. - Adjusted EBITDA for Q4 2024 was approximately $26.9 million, slightly down from $27.1 million in Q4 2023[1]. - The company reported a net loss attributable to common stockholders of $35,658,000 for the three months ended December 31, 2024, compared to a net loss of $10,985,000 for the same period in 2023[21][23]. - The company reported a total net loss of $104,179,000 for the year ended December 31, 2024, compared to a net loss of $10,470,000 in 2023, highlighting a worsening financial position[24]. Revenue Breakdown - Radio Broadcasting segment revenue increased to approximately $47.7 million, up 14.4% from $41.7 million in Q4 2023, primarily due to increased political revenue[10]. - Political advertising revenue surged to $13.5 million, a 591.9% increase from $1.9 million in Q4 2023[11]. - Digital advertising revenue decreased by 13.2% to approximately $18.1 million from $20.8 million in Q4 2023[11]. - Cable television advertising revenue fell by 21.4% to approximately $21.2 million from $27.0 million in Q4 2023[11]. - Total net revenue for the year ended December 31, 2023, was $477,690,000, with significant contributions from Radio Broadcasting ($156,214,000) and Cable Television ($196,207,000) segments[26]. Operating Expenses - Operating expenses, excluding certain items, were approximately $91.1 million, down from $105.6 million in Q4 2023[12]. - Total operating expenses for the three months ended December 31, 2024, were $118,982,000, compared to $113,580,000 in the same period of 2023, reflecting an increase of 4%[21][23]. - Operating expenses totaled $509,261,000, with the largest components being Selling, General and Administrative expenses ($172,440,000) and Programming and Technical expenses ($136,884,000)[26]. Impairment and Interest Expenses - Impairment of goodwill and intangible assets was approximately $24.2 million in Q4 2024, compared to $5.0 million in Q4 2023[3]. - The impairment of goodwill and intangible assets for the year ended December 31, 2024, was $151,755,000, compared to $4,972,000 in 2023, showing a substantial increase[24]. - Interest expense decreased to approximately $11.5 million from $14.2 million in Q4 2023, following a repurchase of $15.4 million of 2028 Notes[16]. - Interest expense for the year ended December 31, 2024, was $48,571,000, compared to $14,173,000 in 2023, reflecting a significant rise in borrowing costs[24]. - Interest expense for the year was $56,196,000, highlighting the cost of debt management[26]. Strategic Focus and Future Plans - The company is focusing on cost containment and continued de-levering strategies for 2025[1]. - The company plans to focus on market expansion and new product development as part of its future strategy[25]. - Future growth strategies include expanding digital content offerings and enhancing radio programming to better serve the target audience[30]. Market Position - Urban One operates 72 broadcast stations, including 57 FM or AM stations, across 13 urban markets in the U.S.[30]. - The company targets Black Americans and urban consumers, providing a unique advertising platform through its diversified media operations[30].