Radio One (NASDAQ:UONE) Issues Quarterly Earnings Results

Radio One (NASDAQ:UONE) issued its quarterly earnings results on Tuesday. The company reported ($3.85) earnings per share (EPS) for the quarter, Zacks reports. Radio One had a negative net margin of 19.04% and a negative return on equity of 7.13%.

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 Stock Performance

NASDAQ UONE traded down $0.28 during trading hours on Tuesday, reaching $3.67. 5,347 shares of the company were exchanged, compared to its average volume of 48,289. The stock has a market capitalization of $16.92 million, a P/E ratio of -0.24 and a beta of 0.79. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 20.77. Radio One has a 1 year low of $3.60 and a 1 year high of $16.94. The business’s 50 day simple moving average is $4.26 and its 200-day simple moving average is $6.37.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Radio One in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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.