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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.
The business is unprofitable at the operating level (-45.44% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 16.7% YoY. Margins deteriorated 28.6pp alongside, both lines moving the wrong way.
Free cash flow declined 120% versus the prior year, cash generation momentum has weakened. ROIC dropped from -6.62% to -20.91%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$360M
▼ -16.7% YoY
Net Income (TTM)
-$138M
▼ -39.4% YoY
Op. Margin
-48.48%
▼ -28.6pp YoY
ROIC
-25.10%
▼ -14.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$13M
▼ -119.5% YoY
Op. Cash Flow (TTM)
$24M
▼ -88.9% YoY
Net Debt
$437M
Cash & Equiv.
$27M
3Y CAGR: -8.2%
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