Urban One, Inc. reported its third-quarter results for the three months ended September 30, 2026, disclosing a net loss attributable to common stockholders of approximately $119.2 million and an operating loss of approximately $126.6 million, driven largely by a goodwill and asset impairment charge of approximately $128.9 million.

Key Highlights

  • Net revenue: approximately $88.0 million for Q3 2026, a decrease of 5.0% from the same period in 2025, according to the filing.
  • Operating loss: approximately $126.6 million for Q3 2026, compared to operating income of approximately $2.5 million in Q3 2025.
  • Impairment charge: approximately $128.9 million in impairment of goodwill, intangible assets, and long-lived assets recorded in Q3 2026, versus no such charge in Q3 2025.
  • Net loss per share: $(26.39) basic for Q3 2026, compared to $(0.64) basic for Q3 2025, with weighted-average shares retroactively adjusted for a 1-for-10 reverse stock split that occurred on January 22, 2026.
  • Adjusted EBITDA: approximately $12.3 million for Q3 2026, down from approximately $14.2 million in Q3 2025.
  • Revised 2026 Adjusted EBITDA guidance: the company disclosed a revised full-year 2026 Adjusted EBITDA guide of $40.0 million.
  • Identified cost savings: management stated it has identified at least $20.0 million of annualized savings.

Urban One Q3 2026 Financial Results: Impairment and Revenue Pressure

According to the filing, Urban One (NASDAQ:UONEK and UONE) reported net revenue of approximately $88.0 million for the three months ended September 30, 2026, down from approximately $92.7 million in the same period of 2025. The company reported an operating loss of approximately $126.6 million, compared to operating income of approximately $2.5 million a year earlier. The primary driver of the swing was an impairment of goodwill, intangible assets, and long-lived assets totaling approximately $128.9 million, recorded in the quarter, compared to no such charge in Q3 2025.

The filing disclosed that broadcast and digital operating income was approximately $19.4 million for Q3 2026, a decrease of $0.5 million from the same period in 2025. By segment, Cable Television contributed Adjusted EBITDA of approximately $13.5 million, Radio Broadcasting contributed approximately $6.4 million, while Reach Media recorded approximately $(1.1) million and Digital recorded approximately $(0.1) million. CEO and President Alfred C. Liggins, III attributed the revenue decline to continued weak market conditions in radio and the cable TV scatter market, noting that "weak demand in the Cable TV scatter market, shifted more inventory to the direct response category at lower rates in the third quarter."

The filing noted that the acquisition of stations in the Dallas market, effective July 17, contributed an additional $1.9 million of net revenue in the quarter, and that net political revenue in the quarter exceeded $0.8 million. For the nine months ended September 30, 2026, net revenue was approximately $251.4 million, down from approximately $276.5 million in the prior-year period. The company disclosed a revised full-year 2026 Adjusted EBITDA guide of $40.0 million and stated that management has identified at least $20.0 million of annualized savings. Full-year net political revenue is expected to be $8.8 million across all divisions, according to the filing.

What Was Disclosed

Urban One disclosed Q3 2026 financial results showing a net loss of approximately $119.2 million, an operating loss of approximately $126.6 million including a $128.9 million impairment charge, net revenue of approximately $88.0 million, and a revised full-year 2026 Adjusted EBITDA guide of $40.0 million.