The media company with audio and video assets superserving African American consumers has selected the date on which it will release its third quarter earnings results and hold a conference call for investors and analysts to discuss its fiscal report card.
What can Urban One shareholders and other interested parties expect to hear from CEO Alfred Liggins III?
That’s not an easy question to answer, as Urban One has no analysts who report to Yahoo! Finance covering the publicly traded company, which has two classes of stock on the Nasdaq markets.
But, the answers will come on November 4, with a conference call on Election Day set for 10am Eastern on last first Tuesday of the month.
The commonly traded shares of Urban One (UONE) are down 13% year-to-date and were set to open on Wednesday at $1.34 per share. The 52-week high is $1.90, and the market cap is $37.84 million.
With Zazove Associates LLC the biggest institutional shareholder in Urban One at 7.47% equity interest in the company, can the Q2 results from Urban One give any hints as to what’s to come?
For starters, Q4 2025 will see revenue tied to an annual Tom Joyner Fantastic Voyage, an event seen in Q2 2024. Second, the digital business “experienced a combination of lower advertising demand and reduced streaming CPMs compared to the second quarter of 2024,” Liggins said during the second quarter earnings call.
While that may send one rushing for the Alka-Seltzer, Urban One’s Q3 pacings are equally distressing for the company whose key assets are comprised of broadcast radio stations, the Reach Media national audio arm, and cable TV networks TV One and Cleo.
Core radio pacings for the third quarter are presently -8.3% (or -5.6% ex-political), with local pacing flat year-over-year. “We are seeing some sequential improvement in radio,” Liggins said.
Just how much improvement will become known in three weeks.
