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Urban One (UONE) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 4, 2026 · Urban One (UONE) Q2 2026 earnings results →

Q2 2026 Revenue down 6% year over year to $85.8M · 8¢ of every $1 of revenue lost · operating margin -13.1%

Urban One made $85.8M in Q2 2026 (-6% Y/Y): Radio advertising $34.7M, Cable Television advertising $20.8M, Cable Television affiliate fees $16.3M. Operating margin -13.1%, net loss $7.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 4, 2026.

Revenue$85.8M
Year over year-6%
Operating margin-13.1%
Net earnings−$7.0M
Operating cash flow−$7.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $85.8M in Q2 2026, down 6% year over year and up 10% from the previous quarter. Radio advertising was the largest line at 41% of revenue. Radio advertising lost $3.9M year over year (down 10%), 66% of the total change.

Operating costs exceeded revenue by $11.2M, an operating margin of -13.1%. Total costs fell 54% while revenue fell 6%. The quarter ended with a net loss of $7.0M, wider than the previous quarter's $3.1M loss. Non-operating items added $2.6M, -29% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$7.3M. Non-cash charges added back $6.2M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $8.2M. Capital expenditures of $1.7M exceeded it, leaving free cash flow of −$9.0M.

Quarterly history

Urban One revenue by quarterUrban One revenue by quarter$117MQ4 2024$92.2MQ1 2025$91.6MQ2 2025$92.7MQ3 2025$97.8MQ4 2025$77.7MQ1 2026$85.8MQ2 2026
Urban One net earnings by quarterUrban One net earnings by quarter−$35.4MQ4 2024−$11.7MQ1 2025−$78.0MQ2 2025−$2.8MQ3 2025−$54.4MQ4 2025−$3.1MQ1 2026−$7.0MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 4, 2026$85.8M-6%-13.1%−$7.0M−$7.3M
Q1 202610-QMay 14, 2026$77.7M-16%-2.9%−$3.1M$22.1M
Q4 202510-KMar 20, 2026$97.8M-16%-55.2%−$54.4M−$4.0M
Q3 202510-QNov 4, 2025$92.7M-16%2.7%−$2.8M−$161K
Q2 202510-QAug 13, 2025$91.6M-22%-131.7%−$78.0M$6.2M
Q1 202510-QMay 14, 2025$92.2M-12%2.3%−$11.7M$2.1M
Q4 202410-KMar 27, 2025$117M-3%-1.6%−$35.4M$35.6M

Charts

Urban One: revenue growth, year over year and quarter over quarterUrban One: revenue growth, year over year and quarter over quarterY/YQ/Q-3%Q4 2024-12%-21%Q1 2025-22%-1%Q2 2025-16%+1%Q3 2025-16%+6%Q4 2025-16%-21%Q1 2026-6%+10%Q2 2026
Latest (Q2 2026): Y/Y -6%, Q/Q +10%.
Urban One: where the cash came from (+) and went (−), TTM to Q2 2026Urban One: where the cash came from (+) and went (−), TTM to Q2 2026Cash drawn (+) / kept (−)$70.0MOther financing−$68.8MCapital spending−$11.4MOperating cash flow$10.6MAsset & business sales$4.9MOther investing−$3.1MBuybacks−$2.3M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Urban One: profit against cash, quarter by quarterUrban One: profit against cash, quarter by quarterNet incomeOperating cash flow−$31.4M−$1.8MQ3 2024−$35.4M$35.6MQ4 2024−$11.7M$2.1MQ1 2025−$78.0M$6.2MQ2 2025−$2.8M−$161KQ3 2025−$54.4M−$4.0MQ4 2025−$3.1M$22.1MQ1 2026−$7.0M−$7.3MQ2 2026
Latest (Q2 2026): Net income −$7.0M, Operating cash flow −$7.3M.
Urban One: diluted shares by fiscal yearUrban One: diluted shares by fiscal year45MFY202054MFY202152MFY202250MFY20235MFY20244MFY2025
-90.1% since FY2020: buybacks shrank the count.
Urban One: long-term debt falling due (FY2025)Urban One: long-term debt falling due (FY2025)$11.8M2028$60.6M2030$291MLater
Cash $25.5M, short-term investments —, long-term debt $430M at 2025-12-31.
Urban One in its industry: growth against margin (9 companies, SIC 4832)Urban One in its industry: growth against margin (9 companies, SIC 4832)revenue growth, year over year →↑ operating marginmedian 0%median 2%SIRIIHRTCMLSTSQBBGIMDIASGATMGIUONE (-6%, -13%)
Radio Broadcasting Stations; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Urban One

Urban One, Inc., a Delaware corporation, and its subsidiaries (collectively, “Urban One”, the “Company”, “we”, “our” and/or “us”) is an urban-oriented, multi-media company that primarily targets African-American and urban consumers. Our core business is our radio broadcasting franchise, which is the largest radio broadcasting operation that primarily targets African-American and urban listeners. As of December 31, 2025, we owned and/or operated 76 independently formatted, revenue producing broadcast stations (including 58 FM or AM stations, 16 HD stations, and the 2 low power television stations we operate), located in 13 of the most populous African-American markets in the United States.

In its own words, from its 10-K, filed Mar 20, 2026.

Urban One against its Radio Broadcasting Stations peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -6% against the peers' median -0.3%. Operating margin: -13.1% against the peers' median 2.4%.

CompanyQuarterRevenueY/YOp. margin
UONE Urban OneQ2 2026$85.8M-6%-13.1%
SIRI Sirius XM HoldingsQ3 2026$2.2B-0.3%22.2%
IHRT iHeartMediaQ2 2026$977M+5%3.6%
CMLS Cumulus MediaQ2 2026$168M-10%1.4%
TSQ Townsquare MediaQ3 2026$111M+4%5.0%
BBGI Beasley Broadcast GroupQ2 2026$44.1M-17%3.0%
MDIA Mediaco HoldingQ2 2026$34.0M+9%-14.4%
SGA Saga CommunicationsQ2 2026$26.4M-6%2.4%
TMGI Transglobal Management GroupQ1 FY27$96K+703%-409.6%

Source: Urban One 10-Q on SEC EDGAR · CIK 1041657 · Radio Broadcasting Stations

13F: who owns UONE and who is buying

Largest holders of UONE (13F)Largest holders of UONE (13F)Bank of America$142KConcurrent Investment Advisors, L…$125KBarclays$101KZazove Associates LLC$83KVanguard Fiduciary Trust$18KBlackRock$14KVanguard Capital Management LLC$12KTower Research Capital LLC$7KMorgan Stanley$1KFMR LLC$486
Funds' net buying of UONE by quarter (13F)Funds' net buying of UONE by quarter (13F)$684K2026-03−$226K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on UONE

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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