Loading...
01/11 12:22
Loading...
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
The earnings call reveals a decline in revenue across all segments, a net loss compared to a profit last year, and a refusal to provide guidance, leading to uncertainty. Despite debt reduction efforts, the weak radio performance and lack of political advertising weigh heavily. The Q&A highlights management's lack of specific cost-control strategies and no positive outlook on advertising recovery. The share repurchase program is a positive note, but overall, the negative factors outweigh, leading to a predicted negative stock price movement in the short term.
Consolidated Net Revenue $92.2 million, down 11.7% year-over-year due to a decrease in local and national ad sales.
Radio Broadcasting Segment Revenue $32.6 million, down 10.3% year-over-year; excluding political, down 7.7% year-over-year.
Media Segment Revenue $5.9 million, down 30.9% year-over-year due to client attrition and lower average unit rates.
Digital Segment Revenue $10.2 million, down 16.2% year-over-year; audio streaming revenue down $2.1 million due to renegotiation of a third-party deal.
Cable Television Segment Revenue $44.2 million, down 7.9% year-over-year; cable TV advertising revenue down 6.3% and affiliate revenue down 10% due to subscriber churn.
Operating Expenses $80.7 million, down 8.6% year-over-year due to lower third-party professional fees and content expenses.
Consolidated Adjusted EBITDA $12.9 million, down 42.2% year-over-year.
Consolidated Broadcast and Digital Operating Income $23 million, down 28.1% year-over-year.
Interest and Investment Income $1 million, down from $2 million year-over-year due to lower cash balances.
Interest Expense $10.9 million, down from $13 million year-over-year due to lower overall debt balances.
Net Loss $11.7 million or $0.26 per share, compared to net income of $7.5 million or $0.15 per share for Q1 2024.
Total Gross Debt $556.3 million, reduced to $495.9 million after debt repurchases.
Ending Unrestricted Cash $115.1 million, resulting in net debt of approximately $441.3 million.
Net Leverage Ratio 4.69 times, compared to $94.1 million of LTM reported adjusted EBITDA.
Debt Repurchase: Urban One repurchased $88.6 million of its debt at an average price of about 53.9%, reducing gross debt to $495.9 million.
Cost Control: The company is focused on cost controls, managing leverage, and maintaining a strong liquidity position.
Operating Expenses Reduction: Operating expenses decreased to approximately $80.7 million, down 8.6% from the prior year, primarily due to lower third-party professional fees and employee compensation.
Deleveraging Strategy: Urban One is focused on deleveraging and maintaining liquidity, with $80 million in cash on hand and an undrawn revolver.
Market Positioning: Despite a challenging environment, the company aims to maintain flexibility in leverage and expense control.
Revenue Decline: Consolidated net revenue decreased by 11.7% year-over-year, with significant declines in both Radio Broadcasting and Media segments, indicating potential challenges in maintaining market share and revenue generation.
Advertising Revenue: Local ad sales were down 12.8% and national ad sales down 14.6%, reflecting competitive pressures and a challenging advertising market.
Subscriber Churn: Cable TV affiliate revenue decreased by 10% due to subscriber churn, which poses a risk to future revenue stability.
Impairments: The company recorded $6.4 million in noncash impairments against the carrying value of FCC licenses in five radio markets, indicating potential overvaluation of assets.
Debt Levels: Despite a debt reduction strategy, the company still holds approximately $495.9 million in gross debt, which may impact financial flexibility and increase vulnerability to economic downturns.
Economic Environment: The overall economic environment appears challenging, with a noted decrease in various advertising categories, which could affect future revenue and profitability.
Liquidity Position: While the company maintains a liquidity position with $80 million in cash, ongoing cost control and leverage management are critical to navigate the current financial landscape.
Debt Repurchase: Urban One repurchased $88.6 million of its debt at an average price of about 53.9%, reducing gross debt to $495.9 million.
Cost Control Focus: The company is focused on cost controls, managing leverage, and maintaining a strong liquidity position.
Cash Position: Urban One is currently sitting on about $80 million of cash on hand with an undrawn revolver.
Capital Expenditures: Capital expenditures were approximately $2.5 million.
EBITDA Guidance: Urban One reaffirms guidance of $75 million of EBITDA for the current year.
Revenue Expectations: Consolidated net revenue was approximately $92.2 million, down 11.7% year-over-year.
Net Loss: The company reported a net loss of approximately $11.7 million for Q1 2025.
Leverage Ratio: Total net leverage ratio is 4.69 times, with net debt of approximately $441.3 million.
Share Repurchase Program: During the three months ended March 31, 2025, the company repurchased 449,252 shares of Class A common stock for approximately $700,000 at an average price of $1.48 per share. Additionally, 303,622 shares of Class D common stock were repurchased for approximately $300,000 at an average price of $0.87 per share.
Debt Repurchase: The company repurchased $28.2 million of its 2028 notes at an average price of 58% of par, and in April, an additional $60.4 million in notes at an average price of 51.9%, reducing the current balance of debt to $495.93 million.
The earnings call reveals negative sentiment: revised guidance downwards, significant revenue declines across segments, and increased expenses due to royalty rates. Despite cost-cutting measures, operational efficiency may suffer. The Q&A session shows optimism for 2026 but lacks specific plans for M&A or debt buyback, adding uncertainty. The share repurchase is positive but insufficient to offset other negatives. Overall, the negative financial performance and cautious outlook lead to a predicted stock price decline.
The earnings call reveals a significant year-over-year decline in revenue across multiple segments, a widened net loss, and unclear guidance on cost-cutting impacts. Despite some debt reduction and cash position improvements, the overall financial performance is weak. The Q&A highlights uncertainties in cost-cutting benefits and debt buyback plans, further dampening sentiment. While expenses decreased, they did not offset revenue losses. The negative trends and lack of strong positive catalysts suggest a likely negative stock price movement.
The earnings call reveals a decline in revenue across all segments, a net loss compared to a profit last year, and a refusal to provide guidance, leading to uncertainty. Despite debt reduction efforts, the weak radio performance and lack of political advertising weigh heavily. The Q&A highlights management's lack of specific cost-control strategies and no positive outlook on advertising recovery. The share repurchase program is a positive note, but overall, the negative factors outweigh, leading to a predicted negative stock price movement in the short term.
The earnings call reveals declining revenues across segments, a significant net loss, and a high leverage ratio, indicating financial instability. The Q&A section shows management's reluctance to provide specific guidance, exacerbating uncertainty. Despite some debt repurchase and a solid liquidity position, the inability to forecast a rebound in advertising and weak guidance contribute to a negative sentiment. The lack of new partnerships or optimistic guidance further supports a negative outlook.
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
