Urban One Q3 2026 Net Revenue Falls 5%
Urban One reports its operating results for the third quarter of 2026 and states net revenue was approximately $88 million, a decrease of 5.0% from the same period in 2025. The company reported an operating loss of approximately $126.6 million for the quarter compared to operating income of approximately $2.5 million for the 
same period a year ago. Urban One CEO and president Alfred C. Liggins, III says, “Market conditions in radio continued to adversely impact revenue in the third quarter. We were helped by net political revenue of over $0.8 million in the quarter and the acquisition of stations in our Dallas market, effective July 17th, which contributed an additional $1.9 million of net revenue in the quarter. Net political revenue for the full year is expected to be $8.8 million across all divisions. Weak demand in the Cable TV scatter market, shifted more inventory to the direct response category at lower rates in the third quarter. We saw an increase in local digital revenue in our radio markets, but large client attrition and suppressed rates in national direct digital revenue meant significant revenue declines in the overall digital segment… Management is hyper-focused on cost reductions heading into next year and has identified at least $20 million of annualized savings.”