Radio One (NASDAQ:UONE – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($3.85) EPS for the quarter, Zacks reports. Radio One had a negative return on equity of 7.13% and a negative net margin of 19.04%.
Here are the key takeaways from Radio One’s conference call:
- Urban One reported third-quarter revenue of about $88 million, down 5% year over year, and Adjusted EBITDA of $12.3 million, down 13.6%. Management cut its 2026 Adjusted EBITDA guidance to $40 million, citing a weaker advertising market.
- Results varied across segments: radio revenue rose 5.8% (0.5% excluding political revenue), helped by political spending and the Dallas station acquisition, while digital revenue fell 24.6%, Reach Media fell 17.7%, and cable TV fell 6.2%.
- Management said it has identified at least $20 million in annualized cost savings to implement, and operating expenses declined year over year. Some of the expense comparison benefited from non-recurring music-license settlement costs in the prior-year quarter.
- The company recorded substantial impairment charges—about $25.4 million of radio goodwill, $62.5 million of radio long-lived assets, and $40.9 million of cable goodwill—and reported a $119.2 million net loss. Net debt was about $308.1 million, or 6.96 times last-twelve-month reported Adjusted EBITDA, with $17.2 million of unrestricted cash.
Radio One Price Performance
UONE stock traded down $0.28 during mid-day trading on Tuesday, hitting $3.67. 5,404 shares of the stock were exchanged, compared to its average volume of 48,289. The company has a debt-to-equity ratio of 20.77, a current ratio of 1.84 and a quick ratio of 1.84. The business has a fifty day moving average price of $4.26 and a 200 day moving average price of $6.37. Radio One has a 12 month low of $3.60 and a 12 month high of $16.94. The stock has a market capitalization of $16.92 million, a price-to-earnings ratio of -0.24 and a beta of 0.79.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Radio One in a report on Tuesday, September 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
View Our Latest Analysis on Radio One
Radio One Company Profile
Radio One, Inc, now known as Urban One, Inc (NASDAQ: UONE), is a diversified media company focused on serving African American and urban audiences in the United States. The company operates radio stations in select U.S. markets and provides programming that includes music, news, talk, entertainment and community-focused content.
Urban One has expanded beyond traditional radio through television, digital media and content production. Its businesses have included TV One, a cable network featuring entertainment, lifestyle and documentary programming; Reach Media, which produces and distributes syndicated radio programs; and One Solution, an integrated marketing and advertising platform serving brands seeking to reach multicultural audiences.
The company was founded by Cathy Hughes in 1980 and was originally known as Radio One.
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