Welcome to our dedicated page for Urban One news (Ticker: UONE), a resource for investors and traders seeking the latest updates and insights on Urban One stock.
Urban One, Inc. operates an urban-oriented multimedia business built around radio broadcasting, Reach Media, digital operations including Interactive One, and cable television through TV One Networks. Its programming and advertising platforms target African-American and urban audiences across broadcast, digital and cable channels.
Company news commonly centers on quarterly operating results, conference calls, broadcast and digital revenue trends, TV One and CLEO TV distribution updates, branded entertainment initiatives such as ONE Voyage, and corporate actions affecting governance, shareholder voting and capital structure.
Urban One (NASDAQ: UONEK; UONE) has announced its upcoming Fourth Quarter 2024 results conference call, scheduled for Thursday, March 27, 2025, at 10:00 a.m. EDT. U.S. participants can join via toll-free number +1-888-596-4144, while international callers can dial +1-646-968-2525, using Access Code 3407726.
A replay of the conference call will be available from 2:00 p.m. EDT March 27 until 11:59 p.m. EDT April 3, 2025. The replay can be accessed via +1-800-770-2030 (U.S.) or +1-609-800-9909 (international) using the same access code. Additionally, both live audio and replay will be accessible on Urban One's website at www.urban1.com, with the replay available for seven days post-call.
Urban One reported Q3 2024 financial results with net revenues of $110.4 million, down 6.3% year-over-year. The company posted an operating loss of $26.2 million, improved from a $56.1 million loss in Q3 2023. Net loss was $31.8 million or $(0.68) per share. Radio division saw -7.7% same-station decline excluding political ads, while Cable TV experienced double-digit decreases in both advertising and affiliate revenues. Digital advertising dropped 4.1%. The company ended Q3 with $115.5 million in cash and equivalents, after repurchasing $14.5 million of 2028 notes at 75.0%.
Urban One has announced a Local Management Agreement with La Mega Media and Lazo Media to expand Spanish-language programming across Ohio markets and Indianapolis. The company will operate stations under the La Mega brand in Cleveland, Columbus, Cincinnati, and Indianapolis, effective November 1, 2024. Claudia DeLeon, former COO of La Mega Media, has been appointed VP, General Manager of the Cleveland market and Head of Spanish Broadcast Operations. The company will broadcast on specific frequencies in each market and discontinue the La Grande brand. Urban One now operates Spanish-speaking radio stations in these markets, alongside Telemundo television affiliates in Columbus and Indianapolis.
Urban One announced the retirement of David Kantor, CEO of its audio division, effective January 5, 2025. He will be succeeded by Eddie Harrell, Jr. and Deon Levingston as co-presidents of the Audio Division. Kantor, who joined Urban One in 2005, has been instrumental in the division's syndication growth, expansion into podcasting, and acquisition of stations in key markets. During his tenure, Reach Media grew to over 312 affiliate stations in 94 markets, reaching 94% of the U.S. African American population. Harrell and Levingston, both current Regional Vice Presidents and General Managers, will co-lead the Audio Division starting in 2025.
Urban One (NASDAQ: UONEK; UONE) has announced its upcoming Third Quarter 2024 earnings conference call, scheduled for Thursday, November 7, 2024 at 10:00 a.m. EST. Investors and analysts can participate using toll-free numbers for U.S. callers (1-877-226-8189) or international callers (+1 409-207-6980) with Access Code 5487822. A replay will be available from 1:00 p.m. EST November 7 until November 14, accessible via phone and the company's website at www.urban1.com for seven days after the call.
Urban One has announced a correction to its Third Quarter 2024 Results Conference Call schedule. The call will now take place on Tuesday, November 12, 2024, at 10:00 a.m. EST, instead of the previously announced November 7 date.
Investors and analysts can participate using the toll-free number 1-877-226-8189 for U.S. callers or (+1) 409-207-6980 for international callers, with Access Code 5487822. A replay will be available from 1:00 p.m. EST November 12 until 12:00 a.m. EST November 19, accessible via 1-866-207-1041 (U.S.) or (+1) 402-970-0847 (international) with replay Access Code 3607803. The audio and replay will also be available on www.urban1.com for seven days after the call.
Urban One reported its Q2 2024 results, showing a 9.2% decrease in net revenues to $117.7 million compared to Q2 2023. The company reported an operating loss of $60.4 million, down from $9.7 million operating income in Q2 2023. Broadcast and digital operating income fell 27.7% to $34.2 million. Net loss was $45.4 million or $(0.94) per share, compared to net income of $70.4 million or $1.48 per share in Q2 2023. Adjusted EBITDA decreased to $28.4 million from $37.5 million last year.
CEO Alfred C. Liggins III noted improvements in national radio revenues offset by weaker local revenues. Q3 core radio revenue is pacing down 6.9% same-station, but up 7.0% overall including political advertising. The cable TV business faces subscriber churn and audience delivery challenges. Urban One repurchased $35.5 million of 2028 notes at 78.0% and ended Q2 with $132.4 million in cash.
Urban One, Inc. (NASDAQ: UONEK; UONE) has announced a conference call to discuss its second quarter 2024 financial results. The call is scheduled for Thursday, August 8, 2024, at 10:00 a.m. EDT. U.S. callers can dial toll-free 1-897-226-8189, while international callers can dial (+1) 409-207-6980. The Access Code is 9822633.
A replay of the conference call will be available from 5:00 p.m. EDT August 8, 2024, until 12:00 a.m. EDT August 15, 2024. The replay Access Code is 1733886. Live audio and a replay will also be accessible on Urban One's corporate website at www.urban1.com for seven days after the call.
Urban One NASDAQ: UONEK; UONE has announced its Second Quarter 2024 Results Conference Call, scheduled for Thursday, August 8, 2024, at 10:00 a.m. EDT. This announcement includes a correction to the previously issued press release, updating the U.S. toll-free call-in number to 1-877-226-8189.
Key details for participants:
- U.S. callers: Toll-free 1-877-226-8189
- International callers: Direct (+1) 409-207-6980
- Access Code: 9822633
A replay will be available from 5:00 p.m. EDT August 8, 2024, until 12:00 a.m. EDT August 15, 2024. Replay access numbers are 1-866-207-1041 (U.S.) and (+1) 402-970-0847 (International), with Access Code 1733886. Live audio and replay will also be accessible on Urban One's website at www.urban1.com for seven days after the call.
iONE Digital's NewsOne.com has launched a new digital series, 'The Black Ballot,' that examines the Black vote's history and influence since the Civil Rights Act of 1964. Released every Tuesday until Election Day, the series features commentary from high-profile figures like Don Lemon, Joy-Ann Reid, Tarana Burke, and Dr. Cornel West.
'The Black Ballot' delves into the evolving political landscape, race relations, and the Supreme Court's role, highlighting the impact of each American President's policies on African American communities. Each episode presents a chronological exploration of the Black vote's journey, providing context and lessons for today's political climate.
Featuring voices of activists, historians, and political leaders, this series aims to educate and inform viewers about the systemic forces shaping voting rights and political engagement.