Urban One reported first-quarter 2026 net revenue of $77.7 million, down from $92.2 million a year earlier. The company posted a net loss attributable to common stockholders of $3.1 million, compared to a loss of $11.7 million in the first quarter of 2025.
Operating loss for the quarter was $2.2 million, compared to operating income of $2.1 million in the prior-year period. Interest expense declined to $4.4 million from $10.9 million, while the company recorded a $2.1 million gain on retirement of debt.
Urban One’s radio ad revenue fell to $32.1 million from $36.2 million a year ago. Digital ad revenue declined to $6.8 million from $10.2 million, while cable television ad revenue dropped to $19.1 million from $25.4 million. Cable affiliate fee revenue also decreased to $16.9 million from $18.7 million.
The company said it continues to experience seasonal weakness in the first quarter and noted that even-numbered years typically benefit from increased political advertising activity.
The company ended the quarter with cash and cash equivalents of $27.2 million, up from $25.5 million at the end of 2025. Long-term debt totaled $412.1 million, down from $429.7 million at year-end. Urban One said it repurchased approximately $32.4 million of its 2031 Second Lien Notes during the quarter at a weighted average price of about 40.7% of par value.
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