Radio One (NASDAQ:UONE) Posts Earnings Results

Radio One (NASDAQ:UONE) posted its quarterly earnings results on Thursday. The company reported ($0.69) EPS for the quarter, Zacks reports. The company had revenue of $77.65 million during the quarter. Radio One had a positive return on equity of 16.99% and a negative net margin of 39.23%.

Here are the key takeaways from Radio One’s conference call:

• Urban One said first-quarter results were very tough, with consolidated net revenue down 15.8% year over year and adjusted EBITDA falling 63.8% to $4.7 million. Management blamed continued weakness in the traditional ad market and softer-than-expected demand.
• The digital segment declined sharply, with revenue down 33.5% as national direct spending weakened, DEI-focused budgets were reduced, and advertisers delayed campaigns. Management noted local digital was a bright spot, rising 10.9%.
• The cable television business also weakened, with revenue down 18.5% and advertising revenue down 24.9%. TV One subscribers fell to 29.1 million from 30.2 million in Q4, reflecting churn and some vMVPD conversions out of Nielsen counts.
• Urban One continued to aggressively reduce debt, repurchasing discounted notes and bringing long-term debt down to $326.7 million at quarter-end. The company said total debt reduction reached about $60.2 million, which should save roughly $4.6 million in annual interest expense.
• Management raised 2026 guidance to about $60 million of EBITDA and expects about $40 million of free cash flow for the year. The company also said year-end leverage should fall below 5x, helped by acquisitions, dispositions, and lower interest costs.

Radio One Trading Down 12.5%

Shares of NASDAQ UONE traded down $0.81 during mid-day trading on Thursday, reaching $5.66. The company had a trading volume of 80,768 shares, compared to its average volume of 95,883. The business’s 50-day moving average is $6.88 and its 200-day moving average is $9.98. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 17.47. The stock has a market cap of $25.53 million, a price-to-earnings ratio of -0.17 and a beta of 0.71. Radio One has a 52 week low of $5.10 and a 52 week high of $19.00.

Hedge Funds Weigh In On Radio One

An institutional investor recently raised its position in Radio One stock. Barclays PLC increased its position in shares of Radio One, Inc. (NASDAQ:UONE) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,410 shares of the company’s stock after buying an additional 8,098 shares during the period. Barclays PLC owned about 1.74% of Radio One worth $81,000 at the end of the most recent quarter. Institutional investors own 8.23% of the company’s stock.

Radio One Company Profile

Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company’s core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One’s radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.

In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.