Radio One (NASDAQ:UONE) Releases Earnings Results

Radio One (NASDAQ:UONE) posted its quarterly earnings results on Thursday. The company reported ($0.69) earnings per share for the quarter, Zacks reports. The business had revenue of $77.65 million during the quarter. Radio One had a negative net margin of 38.41% and a positive return on equity of 27.27%.

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 Price Performance

Shares of NASDAQ UONE traded down $0.04 during trading on Friday, hitting $5.62. 27,513 shares of the company were exchanged, compared to its average volume of 285,932. The company has a debt-to-equity ratio of 17.47, a current ratio of 2.10 and a quick ratio of 2.10. Radio One has a 1 year low of $5.10 and a 1 year high of $19.00. The company has a market cap of $25.37 million, a price-to-earnings ratio of -0.18 and a beta of 0.71. The firm’s fifty day moving average price is $6.66 and its 200 day moving average price is $9.90.

Institutional Investors Weigh In On Radio One

A hedge fund recently raised its stake in Radio One stock. Geode Capital Management LLC raised its position in Radio One, Inc. (NASDAQ:UONE) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 88,564 shares of the company’s stock after purchasing an additional 3,294 shares during the period. Geode Capital Management LLC owned about 1.97% of Radio One worth $91,000 at the end of the most recent reporting period. 8.23% of the stock is currently owned by institutional investors and hedge funds.

About Radio One

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.