The guidance cut is the primary negative signal, confirming that revenue headwinds are persistent. Monitor cash burn and ABL facility usage; the company's small equity base ($16M) leaves minimal cushion against further operational deterioration. Debt buybacks at deep discounts provide some offset but do not address the core top-line decline.
Price Chart
Executive Summary
Urban One reported Q2 2026 revenue of $85.8M, down 6.4% YoY, with a net loss of $7.1M ($1.58/share). Adjusted EBITDA fell 16% to $11.7M, and full-year guidance was cut from $60M to the mid-$50M range, confirming revenue weakness across all segments.
Key Financial Metrics
Key Facts
- Q2 2026 net revenue $85.8M, down 6.4% YoY from $91.6M
- Operating loss $11.2M vs $120.7M loss in Q2 2025 (which included $130M impairment)
- Net loss $7.1M ($1.58/share) vs $77.9M ($17.41/share) a year ago
- Adjusted EBITDA $11.7M, down from $14.0M in Q2 2025
- Full-year 2026 Adjusted EBITDA guidance lowered from $60M to mid-$50M range
- Revenue fell across all segments: Radio -3.9%, Digital -8.4%, Cable TV -7.4%, Reach Media -10.6%
- Impairment of $14.2M related to Reach Media goodwill and long-lived assets
- Total long-term debt $399.3M, with $20M drawn on ABL facility (up from $10M)
- Stockholders' equity declined to $16.3M from $24.6M at year-end 2025
Financial Impact
Adjusted EBITDA guidance reduced from $60M to approximately $55M (mid-fifty-million range), representing roughly an 8% cut; revenue decline of 6.4% YoY
Risk Factors
- Continued revenue erosion across all segments, especially Digital and Reach Media
- Liquidity risk: cash fell to $16.2M from $26.4M, and ABL borrowings grew to $20M
- Subscriber churn and soft ad market pressure on Cable TV
- Potential further impairments if operating trends do not stabilize
- High leverage with $399M total debt on a $23M market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001041657-26-000051 |
| Document: uone-20260804.htm | 0001041657-26-000051 |
| Document: 0001041657-26-000051-index-headers.html | 0001041657-26-000051 |
| Document: 0001041657-26-000051-index.html | 0001041657-26-000051 |
| Document: 0001041657-26-000051.txt | 0001041657-26-000051 |
| 8-K Data (Synthetic) | 0001041657-26-000051 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $4.08 | awaiting T+20 | — | $4.20 (+2.91%) |
Aug 4, 2026 11w ago | 8-K | $5.26 $4.77 | ▲ +9.32% | ▲ +8.71% | $4.20 (+20.15%) |
US Market Status
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