Financial Performance - For the three months ended December 31, 2024, net revenue was approximately $117.1 million, a decrease of 2.7% from the same period in 2023[1]. - The company reported an operating loss of approximately $1.9 million for Q4 2024, compared to operating income of approximately $6.8 million for Q4 2023[1]. - Net loss was approximately $35.7 million or $(0.78) per share for Q4 2024, compared to a net loss of $11.0 million or $(0.23) per share for the same period in 2023[1]. - Adjusted EBITDA for Q4 2024 was approximately $26.9 million, slightly down from approximately $27.1 million for Q4 2023[1]. - For the year ended December 31, 2024, total net revenue was $449,674,000, compared to $449,674,000 in 2023, showing no growth year-over-year[24]. - The total operating loss for the year ended December 31, 2024, was $(75,585,000), compared to an operating income of $6,764,000 in 2023, indicating a substantial decline in profitability[24]. - The company reported an impairment of goodwill and intangible assets amounting to $151,755,000 for the year ended December 31, 2024[24]. - Adjusted EBITDA for the year ended December 31, 2024, was $103,463,000, compared to $27,117,000 in 2023, representing a significant increase[24]. - The company reported an operating loss of $31,571,000, primarily driven by losses in the Radio Broadcasting segment ($99,437,000)[26]. Revenue Breakdown - Radio Broadcasting segment revenue increased to approximately $47.7 million, up by 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 significant increase of 591.9% compared to $1.9 million in Q4 2023[11]. - Digital segment revenue decreased to approximately $20.5 million, down 3.3% from $21.2 million in Q4 2023, driven by lower demand[10]. - Cable Television segment revenue fell to approximately $39.8 million, a decrease of 15.8% from $47.3 million in Q4 2023, attributed to reduced audience viewership[10]. - 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]. Expenses and Liabilities - Total operating expenses for Q4 2024 were approximately $119.0 million, up from $113.6 million in Q4 2023[3]. - Operating expenses, excluding certain items, were approximately $91.1 million, down from $105.6 million in Q4 2023, reflecting lower expenses across most segments[12]. - Interest expense decreased to approximately $11.5 million in Q4 2024 from $14.2 million in Q4 2023, following a reduction in outstanding debt[16]. - Total debt as of December 31, 2024, was approximately $579.1 million, down from $716.2 million as of December 31, 2023[8]. - Interest expense for the year ended December 31, 2024, was $48,571,000, compared to $14,173,000 in 2023, indicating a substantial rise in interest costs[24]. Taxation - The provision for income taxes was approximately $27.6 million on a pre-tax loss of approximately $7.8 million, resulting in an effective tax rate of 352.0%[17]. - The provision for income taxes for the year ended December 31, 2024, was $9,759,000, compared to $(18,368,000) in 2023, reflecting a change in tax liabilities[24]. Company Position and Strategy - The company ended the year with $137.1 million in cash and cash equivalents, indicating a strong liquidity position[1]. - Urban One operates 72 broadcast stations and serves over 37 million households through its television network, TV One[30]. - The company is focused on expanding its digital platform, iOne Digital, to enhance engagement with the African American community[30]. - Future strategies include exploring new market opportunities and potential acquisitions to strengthen its media presence[30].

Urban One, Inc. (UONEK) Q4 2024 Earnings Conference Call March 27, 2025 10:00 AM ET Company Participants Operator - Conference Call OperatorAlfred C. Liggins - Chief Executive Officer, Urban OnePeter Thompson - Chief Financial Officer, Urban OneMarlene Ferreira - Bank of America SecuritiesHal Steiner - BNP ParibasMatt Swope - BairdKen Silver - Stiefel Conference Call Participants Aaron Watts - Analyst, Deutsche BankBen Briggs - Analyst, StoneX Financial Inc. Operator Ladies and gentlemen, thank you for stan ...

Revenue Generation - For the year ended December 31, 2024, approximately 35.0% of net revenue was generated from the sale of advertising in the core radio business, excluding Reach Media[99]. - Seven of the 13 markets accounted for approximately 77.2% of radio station net revenue for the year ended December 31, 2024[99]. - Revenue from Reach Media and the seven significant contributing radio markets accounted for approximately 38.9% of total consolidated net revenue for the year ended December 31, 2024[99]. Financial Reporting and Compliance - The company has identified material weaknesses in internal control over financial reporting as of December 31, 2023, and December 31, 2024, which could lead to material misstatements in financial statements[80]. - Delayed filings of annual reports have made the company ineligible to use a registration statement on Form S-3, potentially affecting future capital raising and acquisitions[86]. - The company has fallen out of compliance with NASDAQ Listing Rule 5250(c) due to delayed filings of periodic financial reports in 2023 and 2024[138]. - The company's Class D common stock has closed below the $1.00 minimum bid price requirement for continued NASDAQ inclusion for the last 30 consecutive business days[138]. - The company has until August 11, 2025, to regain compliance with the Minimum Bid Price Requirement by maintaining a closing bid price of at least $1.00 for ten consecutive business days[138]. - If compliance is not regained, the company may seek additional time by meeting other NASDAQ listing requirements, potentially including a reverse stock split[138]. - The company intends to monitor the closing bid price and may consider stockholder approval for a reverse stock split to address the Minimum Bid Price Requirement[139]. - Failure to meet NASDAQ listing requirements could lead to delisting proceedings, adversely affecting liquidity and market price[139]. Economic and Market Risks - Economic fluctuations and downturns could negatively impact advertising expenditures, which are cyclical and may lead to reduced revenue[87]. - Inflation may adversely affect liquidity and overall cost structure, impacting financial condition and results of operations[89]. - The company is exposed to credit risk on accounts receivable, which is heightened during uncertain economic conditions[90]. - A disproportionate share of revenue comes from a small number of geographic markets, making the company vulnerable to adverse events in those areas[99]. - The company faces increased competitive pressures due to consolidation among competitors, which limits the availability of licensable content and enhances competition for audiences and advertising revenue[101]. - Increased competition from digital media providers is impacting audience sizes and subscriber bases, affecting revenue[132]. Operational and Technological Challenges - The company must adapt to rapid technological changes, including the integration of AI and data analytics, to remain competitive in the media and entertainment industry[102]. - The digital segment's growth is contingent on offering compelling and differentiated content, products, and services, with significant costs and time required for development[105]. - The company is required to test goodwill and indefinite-lived intangible assets for impairment at least annually, with potential adverse effects on financial performance if impairments occur[110]. - The company faces significant risks from technical disruptions, which could negatively impact revenue and harm business operations[122]. - Natural disasters and catastrophic events could materially affect the company's ability to conduct business and meet customer demands[123]. - Climate change poses risks that could disrupt operations and supply chains, impacting financial performance[124]. Regulatory and Compliance Risks - The company’s ability to maintain its FCC licenses is critical, with licenses expiring between October 2027 and August 2030, subject to renewal challenges[118]. - Regulatory risks from the FCC could restrict the company's ability to acquire radio stations and affect its operations[126]. - Enforcement of indecency rules by the FCC could lead to fines or license revocation, adversely impacting financial condition[127]. - Changes in federal regulations regarding royalties could increase operational costs and negatively affect profitability[128]. Business Expansion and Diversification - The company is entering new lines of business, such as gaming, which may expose it to different operational risks and may not increase shareholder value[125].

SILVER SPRING, Md., March 27, 2025 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the three months ended December 31, 2024. For the three months ended December 31, 2024, net revenue was approximately $117.1 million, a decrease of 2.7% from the same period in 2023. The Company reported an operating loss of approximately $1.9 million for the three months ended December 31, 2024, compared to operating income of approximately $6.8 million for the three months ended Decem ...

SILVER SPRING, Md., March 17, 2025 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK; UONE) will be holding a conference call for investors, analysts and other interested parties to discuss its results for the fourth fiscal quarter of 2024. The conference call is scheduled for Thursday, March 27, 2025, at 10:00 a.m. EDT. To participate on this call, U.S. callers may dial toll-free +1-888-596-4144; international callers may dial direct +1-646-968-2525. The Access Code is 3407726. A replay of the conference call ...

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, 2024 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 ...

Exhibit 99.1 NEWS RELEASE November 12, 2024 Contact: Peter D. Thompson, EVP and CFO FOR IMMEDIATE RELEASE (301) 429-4638 Silver Spring, MD URBAN ONE, INC. REPORTS THIRD QUARTER 2024 RESULTS Silver Spring, MD: - Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended September 30, 2024. For the three months ended September 30, 2024, net revenues were approximately $110.4 million, a decrease of 6.3% from the same period in 2023. The Company reported operating loss of approxim ...

Exhibit 99.1 NEWS RELEASE August 8, 2024 Contact: Peter D. Thompson, EVP and CFO FOR IMMEDIATE RELEASE (301) 429-4638 Silver Spring, MD URBAN ONE, INC. REPORTS SECOND QUARTER 2024 RESULTS Silver Spring, MD: - Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended June 30, 2024. For the three months ended June 30, 2024, net revenues were approximately $117.7 million, a decrease of 9.2% from the same period in 2023. The Company reported operating loss of approximately $60.4 ...

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, 2024 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 ...

SILVER SPRING, Md., Aug. 6, 2024 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK; UONE) will be holding a conference call for investors, analysts and other interested parties to discuss its results for the second fiscal quarter of 2024. The conference call is scheduled for Thursday, August 8, 2024 at 10:00 a.m. EDT. To participate on this call, U.S. callers may dial toll-free 1-897-226-8189; international callers may dial direct (+1) 409-207-6980. The Access Code is 9822633. A replay of the conference call w ...