Welcome to our dedicated page for Urban One news (Ticker: UONEK), a resource for investors and traders seeking the latest updates and insights on Urban One stock.
Overview of Urban One Inc
Urban One Inc (NASDAQ: UONEK) is a diversified multimedia company with a deep-rooted legacy in delivering urban media content to Black Americans and urban consumers. With a presence spanning over 35 years, Urban One has established itself as a trusted voice in the media landscape by expertly curating culturally relevant programming across radio, television, digital platforms, and syndicated content. As one of the most recognized brands in urban media, the company skillfully integrates traditional broadcasting with modern digital strategies to engage a wide spectrum of audiences.
Business Segments and Operations
Urban One Inc operates through multiple business segments, each tailored to specific audience needs and advertiser solutions:
- Radio Broadcasting: The company’s extensive radio network serves as a pivotal platform in urban communication, harnessing both local and national channels to deliver news, music, and culturally resonant content.
- Reach Media: Through popular syndicated programs such as influential morning shows, Urban One creates compelling narratives that amplify voices and perspectives within the Black community.
- Digital: Urban One’s digital division emphasizes interactive content and innovative storytelling on online platforms, ensuring contemporary audiences engage with their news, entertainment, and cultural perspectives through immersive web experiences.
- Cable Television: With networks dedicated to showcasing original programming and classic series, Urban One’s cable television segment offers a broad array of quality content that is both entertaining and informative.
Market Position and Industry Expertise
The company’s unique proposition lies in its ability to blend traditional media roots with forward-thinking digital strategies. Urban One Inc’s unmatched market penetration enables it to reach a predominant share of Black America, making it a critical platform for advertisers seeking deep customer engagement in urban communities. The expertise demonstrated across its business units underlines the company’s commitment to culturally authentic and relevant content—a factor that differentiates it within the competitive media landscape.
Content and Cultural Impact
Emphasizing authenticity, Urban One crafts content that reflects the rich tapestry of Black culture. Whether through radio broadcasts, engaging TV programming, or dynamic digital platforms, the company remains a beacon of representation and empowerment. Its strategic emphasis on urban storytelling not only entertains but also informs communities and inspires civic engagement, consistently addressing the evolving needs of its audience.
Advertiser Solutions and Value Proposition
For advertisers, Urban One offers distinctive, integrated solutions designed to penetrate key urban markets. By leveraging a multi-platform approach, the company facilitates deeper customer connections and provides extensive reach across radio, television, and digital channels. This comprehensive delivery mechanism makes Urban One an invaluable partner for brands aiming to connect with a demographically vital segment of the American population.
Conclusion
Urban One Inc stands as an industry exemplar in delivering culturally significant media content. With robust operations across multiple broadcasting and digital segments, the company not only drives effective audience engagement but also continually establishes itself as a pillar of urban media. Its deep expertise, strategic market positioning, and commitment to authentic representation underscore the firm's enduring relevance in today’s evolving media environment.
Urban One (NASDAQ: UONEK, UONE) reported Q4 2024 results with net revenue of $117.1 million, down 2.7% year-over-year. The company posted an operating loss of $1.9 million compared to operating income of $6.8 million in Q4 2023.
Key financial metrics include:
- Net loss of $35.7 million or $(0.78) per share
- Adjusted EBITDA of $26.9 million
- Radio Broadcasting revenue increased by $6.0 million to $47.7 million
- Cable Television revenue decreased by $7.5 million to $39.8 million
The company repurchased $15.4 million of its 2028 Notes at 69.8% of par, reducing the outstanding balance to $584.6 million. Additionally, Urban One repurchased 1,386,544 shares of Class A Common Stock at $1.50 per share and 703,292 shares of Class D Common Stock at $1.02 per share during Q4 2024.
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 (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.
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