Urban One Q1 revenue falls 15.8%, swings to operating loss; repurchases $36.75M debt at steep discounts

Filed May 14, 2026 · Period ending May 14, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 revenue fell 15.8% to $77.7M with operating loss of $2.2M (vs. $2.1M income in Q1 2025); Adjusted EBITDA dropped 63.6% to $4.7M from $12.9M prior year, driven by weakness across all divisions.

  Exhibit 99.1 verify on EDGAR →
• high

  Repurchased $36.75M of debt at 40.7%-51% of par in Q1 (plus $23.46M in Q2), reducing total debt by $60.2M and saving $4.6M annually in interest; drew $10M on ABL facility to fund, expects to repay by year-end.

  Exhibit 99.1 verify on EDGAR →
• high

  Revised full-year 2026 Adjusted EBITDA guidance to ~$60M, down sharply from prior-year performance, reflecting challenging operating environment.

  Item 8.01 verify on EDGAR →