Speaking on the importance of this series, Kirsten West Savali, iONE Digital's VP of Content shared: "The Black Ballot is a series that understands that Black people are neither monolithic, nor interested in propping up a political duopoly that refuses to prioritize the most targeted, marginalized communities among us. Voters must not only be informed about a candidate's politics, their values, and who and what they are willing to fight for and against, but the institutions and systems that shape the landsc ...

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE (301) 429-4638 Washington, DC June 10, 2024 Contact: Peter D. Thompson, EVP and CFO URBAN ONE, INC. REPORTS YEAR END 2023 AND FIRST QUARTER 2024 RESULTS Washington, DC: - Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the year ended December 31, 2023 and for the three months ended March 31, 2024. For the year ended December 31, 2023 net revenue was approximately $477.7 million, a decrease of 1.4% from the same period in 2022. The Compa ...

Financial Data and Key Metrics Changes - Consolidated net revenue for Q4 2023 was approximately $120.3 million, down 9.2% year-over-year [11] - Consolidated net revenue for Q1 2024 was approximately $104.4 million, down 5% year-over-year [16] - Adjusted EBITDA for Q4 2023 was $26.4 million, down 30.5% [28] - Adjusted EBITDA for Q1 2024 was $21.5 million, down 28.9% [28] - Net loss for Q4 2023 was approximately $11 million or $0.23 per share, compared to a net loss of $1.9 million or $0.04 per share for Q4 2022 [32] - Net income for Q1 2024 was approximately $7.5 million or $0.15 per share, compared to a net loss of $2.9 million or $0.06 per share for Q1 2023 [32] Business Line Data and Key Metrics Changes - Radio segment net revenue for Q4 2023 was $41.7 million, a decrease of 12.4% year-over-year [11] - Reach segment net revenue for Q4 2023 was $10.8 million, down 9.7% from the prior year [12] - Digital segment net revenue for Q4 2023 decreased by 12.5% to $21.2 million [13] - Cable television segment revenue for Q4 2023 was approximately $47.3 million, a decrease of 4.9% [13] - Radio segment net revenue for Q1 2024 was $36.4 million, an increase of 3.3% year-over-year [16] - Reach segment net revenue for Q1 2024 was $8.5 million, down 22.4% from the prior year [17] - Digital segment net revenue for Q1 2024 decreased by 7.3% to $14 million [17] - Cable television segment revenue for Q1 2024 was approximately $46.2 million, a decrease of 6.9% [18] Market Data and Key Metrics Changes - Local ad sales were down 6.8% against the market, which was down 7.2% [12] - National ad sales were down 37.2% against the market, which was down 24.5% [12] - In Q1 2024, local ad sales were down 1.9% against the market, which was down 7.9% [16] - National ad sales were down 18% against a market that was down 4.3% [16] Company Strategy and Development Direction - The company aims to manage leverage down and does not have any M&A plans currently, focusing on opportunistic evaluations [36] - The company is looking to consolidate operations in Indianapolis, which is expected to save approximately $1 million annually in operating expenses [46] - The company is budgeting $10 million for political advertising in 2024, which is considered conservative [53] Management's Comments on Operating Environment and Future Outlook - The management noted that the political landscape is expected to be robust, which could positively impact advertising revenue [9] - There is a recognition of a national ad recession affecting traditional media, with a shift towards digital advertising [61] - Management expressed cautious optimism about Q2 2024, acknowledging softness in various segments but highlighting potential political ad revenue [56][57] Other Important Information - The company repurchased approximately 256,000 shares of Class D common stock in Q1 2024 for about $1.3 million [33] - As of March 31, 2024, total gross debt was $650 million, with unrestricted cash of $155.3 million [40] - The company signed an NDA to participate in the process for acquiring Bounce TV, indicating interest in potential synergies [71] Q&A Session Summary Question: What are the expected fixed charges for 2024, specifically CapEx and taxes? - The company expects CapEx to be around $9 million and cash taxes to be approximately $3 million for the year [45] Question: Can you provide insights on the softness in national ad sales? - Management noted that national ad sales have underperformed compared to the market, with some clients not returning at previous volumes [54] Question: How is the company addressing the softness in digital and Reach segments? - Management acknowledged a decline in diversity advertising dollars and a general ad recession impacting performance, with strategies still being developed [62][63] Question: What is the current cash balance and thoughts on potential acquisitions? - The current cash balance is $162.9 million, and the company is exploring acquisition opportunities that provide synergies [72]

Cautionary Note Regarding Forward-Looking Statements The conference call is scheduled for Monday, June 10, 2024 at 4:30 p.m. EDT. To participate on this call, U.S. callers may dial toll-free 1-844-291-5494; international callers may dial direct (+1) 409-207-6995. The Access Code is 9666446. The Company cautions you certain of the statements in this press release may represent "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of th ...

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 March 31, 2024 Commission File No. 0-25969 URBAN ONE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Delaware 52-1166660 1010 Wayne Avenue, 14th Floor Silver Spring, Maryland 20910 (Address of p ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED) For the transition period from to Commission File No. 0-25969 URBAN ONE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R ...

Core Insights - Urban One, the largest Black-owned media company in the U.S., won a total of twenty-one Telly Awards in 2024, recognizing excellence in video and television across various platforms [1][2]. Awards and Achievements - Urban One's divisions, including One Solution and TV One, contributed to the awards, with TV One receiving fourteen Telly Awards, including five Silver and nine Bronze [4]. - Notable wins included double awards for "Roomie Rules with HBCU Alumnae Tiffany Battle" in two categories [3]. Campaign Highlights - One Solution secured seven awards in the Campaign Business to Consumer category for various campaigns, including "A Strong Foundation" with Target and "Black Travel Guide" with Visit Orlando, both winning Silver [7]. - The "Listen to Black Women" campaign with Stelara won a Bronze Telly Award, focusing on educating the Black community about Crohn's disease and ulcerative colitis [21]. Content and Collaboration - The "Black Travel Guide" episode provided resources for travelers of color, highlighting Black-owned businesses and cultural experiences in Orlando [16]. - The "American Sounds: Robert Glasper" episode celebrated Hip-Hop's 50th anniversary, showcasing the genre's impact and featuring discussions with notable artists [19]. Event Highlights - The 2024 "Urban One Honors: Best In Black" event marked TV One's 20th Anniversary, hosted by LeToya Luckett, featuring exclusive interviews and performances [25][29].

The Show Must Go On with partner Advil WINNER: BRONZE TELLY AWARD – BRANDED CONTENT BUSINESS TO CONSUMER Platform: iOne Digital The pharmaceutical brand aimed to drive awareness of their new powerful pain fighting product Dual Action Back Pain. Fighting pain twoways, with Acetaminophen blocking pain signals, and Advil targeting pain atthe site of inflammation – the duo combination quickly relieves tough back pain and lasts for 8 hours. Wanting to showcase how un-pausing and instinctively reaching for Advil ...

Urban One, Inc. (NASDAQ:UONE) Q3 2023 Earnings Conference Call January 11, 2024 10:00 AM ET Company Participants Alfred Liggins - Chief Executive Officer Peter Thompson - Chief Financial Officer Karen Wishart - Chief Administrative Officer Kris Simpson - General Counsel Jody Drewer - Chief Financial Officer TV One Conference Call Participants Hal Steiner - BNP Paribas Operator Ladies and gentlemen, thank you for standing by. During this conference call, Urban One will be sharing with you certain projections ...

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 September 30, 2023 Silver Spring, Maryland 20910 (Address of principal executive offices) (301) 429-3200 Registrant's telephone number, including area code Commission File No. 0-25969 URBAN ONE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer inc ...