Radio One (NASDAQ:UONE) Posts 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

Radio One stock traded down $0.28 during midday trading on Tuesday, hitting $3.67. The company’s stock had a trading volume of 5,347 shares, compared to its average volume of 48,289. The company has a market cap of $16.92 million, a price-to-earnings ratio of -0.24 and a beta of 0.79. The company has a debt-to-equity ratio of 20.77, a current ratio of 1.84 and a quick ratio of 1.84. The company has a 50-day moving average price of $4.26 and a two-hundred day moving average price of $6.37. Radio One has a 1-year low of $3.60 and a 1-year high of $16.94.

Analyst Upgrades and Downgrades

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

About Radio One

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.