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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Urban One
Urban One (UONE) investor relations material
Urban One Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary10 Nov, 2026
Executive summary
Q3 net revenue was $88.0M, down 5.0% YoY; Adjusted EBITDA was $12.3M vs. $14.2M, down 13.6%.
A $128.9M impairment drove a $126.6M operating loss; net loss was $119.2M, or $(26.39) per share, vs. $2.8M, or $(0.64), in Q3 2025.
Financial highlights
Operating expenses excluding D&A, stock compensation and impairments were $78.2M, down 6.5% YoY, partly reflecting prior-year music license settlement costs.
Impairments totaled $128.9M: $62.5M for radio licenses, $25.4M for the Radio Broadcasting reporting unit and $40.9M for Cable Television.
Interest expense was $2.0M vs. $9.4M in Q3 2025, reflecting lower debt balances and effective rates; D&A was $6.6M vs. $6.1M.
9M revenue was $251.4M, down 9.1% YoY; Adjusted EBITDA was $28.6M vs. $41.0M, and common-stockholder net loss was $129.4M vs. $92.5M.
Outlook and guidance
FY 2026 Adjusted EBITDA guidance was revised to $40.0M, reflecting current advertising-market conditions.
FY 2026 net political revenue is expected to be $8.8M across divisions; radio political revenue is expected at $8.4M vs. an ~$11M budget, while Q3 political revenue exceeded $0.8M.
At least $20.0M in annualized cost savings was identified, with reductions planned heading into 2027.
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Latest events from Urban One
- Net revenue fell 6.4% as losses narrowed and debt was reduced amid weak ad demand.UONE
Q2 2026 - Revenue fell 15.8% year-over-year, but debt reduction and cost controls improved cash flow.UONEQ1 2026
- Annual meeting to vote on directors, new equity plan, and auditor, with board support for all.UONEProxy filing
- Proxy covers director elections, new incentive plan, auditor ratification, and strong board diversity.UONEProxy filing
- Q4 2025 revenue dropped 16.5% with a $54.4M net loss; refinancing improved capital structure.UONEQ4 2025
- Q3 net loss narrowed to $31.8M as revenue and EBITDA fell amid cable TV and digital declines.UONEQ3 2024
- Q2 net loss of $45.4M reflects $80.8M impairment; political ad growth expected in H2.UONEQ2 2024
- Q1 2024 net income rebounded to $7.5M on lower revenue and strong debt repurchase gains.UONEQ4 2023 & Q1 2024
- 2025 EBITDA guidance drops to $75M as Q4 net loss widens to $35.7M; debt reduction prioritized.UONEQ4 2024
Next Urban One earnings date
Q4 202612 Mar, 2027
Urban One
Next Urban One earnings date
Q4 202612 Mar, 2027
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Frequently asked questions
Urban One Inc is a media company that primarily serves African American and urban communities. It operates a diverse portfolio of assets, including radio broadcasting, digital media, and cable television networks. Urban One owns and operates radio stations under the Radio One brand and provides programming across music, talk, and entertainment formats. The company also manages TV One, a cable network focused on African American culture and lifestyle, along with digital media properties that cater to urban audiences. Urban One's content spans news, entertainment, and community-focused programming. The company is headquartered in Silver Spring, Maryland, and its shares are listed on the NASDAQ.