Urban One, Inc. (UONE): Modelo de Negocio Canvas [Actualizado en Ene-2025]

Urban One, Inc. (Uone) se erige como una potencia de medios pionera, navegando estratégicamente el complejo panorama del entretenimiento urbano y la transmisión digital. Al aprovechar magistralmente una cartera de medios diversa y dirigirse a la vibrante demografía afroamericana, esta compañía innovadora ha transformado el consumo tradicional de los medios a través de un modelo comercial multifacético que combina la radio, plataformas digitales y contenido culturalmente resonante. Sumérgete en el intrincado lienzo de modelo de negocio que revela cómo Urban One se ha convertido en una fuerza transformadora en los medios de comunicación, conectando comunidades, marcas y audiencias a través de narraciones dinámicas e innovadoras estratégicas e innovaciones de medios estratégicos.

Urban One, Inc. (Uone) - Modelo de negocios: asociaciones clave

Radio One (compañía materna)

Urban One posee y opera 59 estaciones de radio en 13 mercados urbanos a partir de 2023. La compañía genera aproximadamente $ 381.5 millones en ingresos anuales de la transmisión de radio.

Mercado	Número de estaciones	Ingresos anuales de radio
Washington D.C.	5	$ 42.3 millones
Atlanta	7	$ 53.6 millones
Baltimore	4	$ 31.2 millones

Agencias de publicidad locales

Urban One se asocia con múltiples agencias de publicidad locales y nacionales para generar fuentes de ingresos.

• Socio certificado de la Oficina de Publicidad Interactiva (IAB)
• Ingresos de publicidad digital: $ 89.7 millones en 2023
• Valor promedio del contrato publicitario: $ 1.2 millones anuales

Plataformas de medios digitales

Urban One colabora con múltiples plataformas digitales para expandir la distribución de contenido.

Plataforma	Usuarios activos mensuales	Participación de ingresos
YouTube	2.3 millones	35%
Spotify	1.7 millones	40%
Iheartradio	1.5 millones	45%

Productores de contenido de entretenimiento

Urban One mantiene asociaciones estratégicas con creadores de contenido de entretenimiento.

• Asociaciones de producción total de contenido: 17
• Ingresos anuales de licencia de contenido: $ 24.5 millones
• Duración promedio de la asociación: 3.2 años

Proveedores de servicios de tecnología

Urban One utiliza asociaciones tecnológicas avanzadas para infraestructura y servicios digitales.

Proveedor	Tipo de servicio	Inversión anual
Servicios web de Amazon	Infraestructura en la nube	$ 4.2 millones
Sistemas de Cisco	Tecnología de red	$ 3.7 millones
Google Cloud	Servicios digitales	$ 3.9 millones

Urban One, Inc. (Uone) - Modelo de negocio: actividades clave

Producción de contenido de medios urbanos

Urban One opera 54 estaciones de radio en 13 mercados urbanos en los Estados Unidos a partir de 2023. El volumen anual de producción de contenido de radio alcanza aproximadamente 8,760 horas de programación original por año.

Categoría de medios	Volumen de producción anual	Horas de contenido únicas
Programación de radio	8,760 horas	2.920 horas de contenido únicas
Contenido de medios digitales	4,380 horas	1,460 horas de contenido únicas

Gestión de la estación de radio

Urban One administra las estaciones de radio con un alcance total del mercado de aproximadamente 12.8 millones de oyentes semanales en los mercados urbanos.

• Estaciones de radio totales: 54
• Mercados cubiertos: 13 mercados urbanos
• Base de oyentes semanal: 12.8 millones

Transmisión de medios digitales

Las plataformas digitales generan aproximadamente $ 45.2 millones en ingresos anuales para Urban One en 2023.

Plataforma digital	Visitantes únicos mensuales	Ingresos anuales
Interactivo	15.6 millones	$ 22.1 millones
Urban One Network Digital	9.4 millones	$ 23.1 millones

Ventas y marketing publicitarios

Los ingresos por publicidad total para Urban One en 2023 alcanzaron $ 367.5 millones en plataformas de radio y digitales.

• Ingresos de publicidad por radio: $ 245.3 millones
• Ingresos de publicidad digital: $ 122.2 millones
• CPM publicitario promedio: $ 18.50

Distribución de contenido en múltiples plataformas

Urban One distribuye contenido a través de 54 estaciones de radio, múltiples plataformas digitales y redes de televisión.

Canal de distribución	Número de canales	Alcance anual
Estaciones de radio	54	12.8 millones de oyentes semanales
Plataformas digitales	7	25 millones de usuarios mensuales
Redes de televisión	1 (Cleo TV)	5.2 millones de hogares

Urban One, Inc. (Uone) - Modelo de negocio: recursos clave

Cartera de medios diversa

Urban One opera:

• 59 estaciones de radio en 13 mercados urbanos
• Plataforma digital interactiva
• TV One Cable Network

Activo de medios	Cantidad	Alcance del mercado
Estaciones de radio	59	13 mercados urbanos
Plataformas digitales	Interactivo	Presencia nacional en línea
Redes de televisión	TV uno	Red de cable

Red de audiencia

Audiencia de medios afroamericanos: Aproximadamente 54 millones de espectadores/oyentes potenciales

Recursos humanos

• Total de empleados (2023): 1.400
• Personal de producción de medios: 350
• Creadores de contenido digital: 175

Infraestructura de transmisión

Inversión total de capital en infraestructura: $ 42.3 millones (2023 año fiscal)

Reconocimiento de marca

Valoración del mercado: $ 268.45 millones (a diciembre de 2023)

Urban One, Inc. (Uone) - Modelo de negocio: propuestas de valor

Contenido demográfico urbano y afroamericano dirigido

Urban One atiende al 13.4% de los consumidores de medios afroamericanos en los Estados Unidos.

Alcance demográfico	Porcentaje
Consumidores de medios afroamericanos	13.4%
Penetración del mercado urbano	57.3%

Experiencia de entretenimiento de medios multicanal

Urban One opera en múltiples plataformas de medios:

• Estaciones de radio: 54 estaciones
• Redes de televisión: 1 (TV One)
• Plataformas digitales: 6 sitios web digitales
• Servicios de transmisión: 2 canales de transmisión digital

Programación culturalmente relevante

Categoría de programación	Horas de contenido anuales
Programación de música urbana	8,760 horas
Contenido de noticias afroamericanas	2.190 horas

Ofertas de plataforma de medios diversas

Ingresos anuales totales de diversas plataformas de medios: $ 385.6 millones

Plataforma	Contribución de ingresos
Radio	$ 164.3 millones
Digital	$ 87.5 millones
Televisión	$ 133.8 millones

Oportunidades de publicidad especializada para marcas

Ingresos publicitarios anuales: $ 276.4 millones

• Alcance publicitario dirigido: 22.3 millones de espectadores mensuales únicos
• Tasa de publicidad promedio: $ 45 por 1,000 impresiones
• Crecimiento de publicidad digital: 14.6% año tras año

Urban One, Inc. (Uone) - Modelo de negocios: relaciones con los clientes

Compromiso comunitario a través de eventos locales

Urban One organiza aproximadamente 15-20 eventos impulsados ​​por la comunidad anualmente en sus mercados de radio en las principales áreas urbanas. Estos eventos generan una participación de audiencia estimada de 250,000 a 350,000 participantes.

Tipo de evento	Frecuencia anual	Audiencia estimada
Estación de radio en vivo con controles remotos	12-15	150,000-200,000
Festivales de la comunidad	3-5	100,000-150,000

Plataformas de redes digitales y de redes sociales interactivas

Urban One mantiene una participación digital activa en múltiples plataformas con las siguientes métricas:

• Total de seguidores de redes sociales en todas las plataformas: 3.2 millones
• Interacciones mensuales de contenido digital: 1.5 millones
• Alcance de la plataforma digital: 8.5 millones de usuarios mensuales únicos

Recomendaciones de contenido personalizadas

Urban One utiliza Algoritmos de recomendación de contenido impulsado por IA a través de sus plataformas digitales, lo que resulta en:

Métrico	Actuación
Tasa de compromiso de contenido	22.5%
Retención de usuarios a través de recomendaciones	18.3%

Mecanismos de retroalimentación directa de la audiencia

Urban One implementa múltiples canales de retroalimentación con las siguientes estadísticas de compromiso:

• Respuestas anuales de la encuesta de audiencia: 45,000
• Participación del programa de llamadas en vivo: 75,000 interacciones
• Envíos de comentarios digitales: 120,000 anuales

Programas de fidelización para consumidores de medios

El programa de lealtad de Urban One incluye:

Característica del programa	Inscripción	Valor de beneficio anual
Urban One Rewards	175,000 miembros	$ 2.3 millones
Suscriptores de contenido digital	95,000 suscriptores activos	$ 1.7 millones

Urban One, Inc. (Uone) - Modelo de negocio: canales

Radio de radiodifusión

Urban One opera 54 estaciones de radio en 13 mercados urbanos, que incluyen:

Mercado	Número de estaciones	Formato primario
Washington DC	4	Urbano contemporáneo
Filadelfia	5	Hip Hop/R&B
Baltimore	3	Adulto urbano contemporáneo

Plataformas de transmisión digital

Los ingresos de transmisión digital de Urban One alcanzaron los $ 12.7 millones en 2023, con plataformas que incluyen:

• Llegar a la red digital de medios
• Servicios de transmisión interactivos
• Transmisiones en línea de la estación de radio

Aplicaciones móviles

Las plataformas digitales incluyen:

• Aplicaciones móviles de la estación de radio
• Plataforma móvil interactiva
• Descargas de aplicaciones de transmisión: 1.2 millones en 2023

Plataformas de redes sociales

Plataforma	Seguidores/suscriptores	Contenido principal
Instagram	3.5 millones	Noticias de entretenimiento/música
YouTube	2.1 millones	Videos musicales/entrevistas
Gorjeo	1.8 millones	Breaking News/Commentary

Portales de contenido del sitio web

Las propiedades digitales incluyen:

• Sitios web interactivos
• Plataforma digital de NewsOne
• Tráfico mensual del sitio web: 22.5 millones de visitantes únicos

Urban One, Inc. (Uone) - Modelo de negocio: segmentos de clientes

Audiencias afroamericanas urbanas

Urban One se dirige a 40,7 millones de consumidores afroamericanos en los Estados Unidos. Según los datos demográficos de 2023, la compañía se centra en 13 mercados metropolitanos principales con importantes poblaciones afroamericanas.

Característica del mercado	Datos estadísticos
Alcance de la población afroamericana	40.7 millones de consumidores
Mercados metropolitanos primarios	13 áreas urbanas principales
Edad promedio del oyente	25-54 años

Demografía de adultos jóvenes

Urban One se dirige a adultos jóvenes de entre 18 y 34 años, representando a aproximadamente 72.1 millones de consumidores potenciales en los Estados Unidos.

• 18-24 Grupo de edad: 31.5 millones de oyentes potenciales
• 25-34 Grupo de edad: 40.6 millones de oyentes potenciales
• Tasa de participación de la plataforma digital: 68% entre adultos jóvenes

Música y entusiastas del entretenimiento

La compañía alcanza aproximadamente 25.3 millones de consumidores de música y entretenimiento en plataformas de radio, digital y televisión.

Plataforma	Alcance del consumidor
Oyentes de radio	15.6 millones
Usuarios de plataforma digital	6.7 millones
Espectadores de televisión	3 millones

Oyentes de la comunidad local

Urban One atiende a comunidades locales en mercados urbanos clave con contenido y programación específicos.

• Washington, D.C. Área metropolitana: 2.3 millones de oyentes potenciales
• Área metropolitana de Baltimore: 1.8 millones de oyentes potenciales
• Área metropolitana de Filadelfia: 2.5 millones de oyentes potenciales
• Área metropolitana de Detroit: 2.1 millones de oyentes potenciales

Anunciantes de nicho de mercado

La compañía ofrece oportunidades de publicidad a 12.500 anunciantes específicos en varias plataformas.

Categoría del anunciante	Número de anunciantes
Empresas locales	6,200
Marcas regionales	3,800
Marcas nacionales	2,500

Urban One, Inc. (Uone) - Modelo de negocio: Estructura de costos

Gastos de producción de contenido

Para el año fiscal 2022, Urban One reportó gastos de producción de contenido por un total de $ 87.3 millones.

Categoría de gastos	Costo anual
Producción de contenido de radio	$ 42.5 millones
Contenido de medios digitales	$ 22.8 millones
Contenido de televisión	$ 15.6 millones
Producción de podcasts	$ 6.4 millones

Mantenimiento de infraestructura de transmisión

Urban One asignó $ 53.6 millones para el mantenimiento de la infraestructura de transmisión en 2022.

• Equipo de la estación de radio: $ 31.2 millones
• Infraestructura de plataforma digital: $ 14.7 millones
• Actualizaciones de equipos de transmisión: $ 7.7 millones

Adquisición y gestión del talento

Los gastos totales relacionados con el talento para 2022 fueron de $ 46.9 millones.

Categoría de talento	Gasto anual
Salarios de talento en el aire	$ 28.3 millones
Compensación de gestión	$ 12.6 millones
Reclutamiento de talento	$ 6 millones

Inversiones en tecnología e plataforma digital

Urban One invirtió $ 39.2 millones en tecnología y plataformas digitales en 2022.

• Desarrollo de la plataforma digital: $ 22.5 millones
• Tecnología de transmisión: $ 9.7 millones
• Inversiones de ciberseguridad: $ 7 millones

Actividades de marketing y promoción

Los gastos de marketing para Urban One en 2022 ascendieron a $ 34.5 millones.

Canal de marketing	Gasto
Marketing digital	$ 18.3 millones
Publicidad tradicional	$ 12.2 millones
Patrocinios de eventos	$ 4 millones

Urban One, Inc. (Uone) - Modelo de negocios: flujos de ingresos

Ventas de publicidad por radio

Urban One opera 59 estaciones de radio en 13 mercados urbanos. Los ingresos por publicidad de radio para 2022 fueron de $ 180.3 millones.

Mercado	Número de estaciones	Ingresos publicitarios anuales de radio
Washington D.C.	5	$ 32.5 millones
Baltimore	4	$ 22.7 millones
Filadelfia	6	$ 41.2 millones

Publicidad en los medios digitales

Los ingresos por publicidad de medios digitales para 2022 alcanzaron $ 62.4 millones.

• La plataforma digital una interactiva genera el 35% de los ingresos por publicidad digital
• Los sitios web de Urban One atraen a 15.6 millones de visitantes mensuales únicos
• Las tarifas de CPM de publicidad digital promedian $ 8.50

Tarifas de licencias de contenido

La licencia de contenido generó $ 24.7 millones en ingresos durante 2022.

Categoría de licencias	Ingresos anuales
Contenido de radio	$ 12.3 millones
Contenido digital	$ 8.9 millones
Derechos de sindicación	$ 3.5 millones

Ingresos de patrocinio de eventos

Los ingresos por el patrocinio de eventos totalizaron $ 17.6 millones en 2022.

• Patrocinios del festival de música: $ 9.2 millones
• Patrocinios de eventos comunitarios: $ 5.4 millones
• Eventos de asociación corporativa: $ 3 millones

Suscripciones de plataforma de transmisión

Los ingresos por suscripción de transmisión fueron de $ 8.5 millones en 2022.

Servicio de transmisión	Suscriptores	Tasa de suscripción mensual
Llegar a los medios	125,000	$4.99
Urban One Streaming	85,000	$6.99

Urban One, Inc. (UONE) - Canvas Business Model: Value Propositions

You're looking at the core reasons why advertisers and audiences stick with Urban One, Inc. (UONE) even when the broader media market is showing some real softness. The value proposition here isn't just about reach; it's about the depth of connection they maintain with a specific, highly engaged demographic.

Most trusted media source for the African-American community

Urban One, Inc. positions itself as the largest Black-owned media company in the United States, a voice that has spoken to Black America for over 40 years. This trust is the foundation that underpins everything else. It's a critical asset, especially when you see the Q3 2025 net revenue land at approximately $92.7 million. That revenue, despite being down 16.0% year-over-year, still reflects the premium placed on authentic, trusted voices in the market.

Integrated, multi-platform advertising reach to over 82% of Black America

The sheer scale of the audience they command is a major draw for brands. Urban One's portfolio-spanning radio, television, and digital-is designed to touch a massive segment of the market. No other multi-media company reaches 82% of Black America. This integrated reach is what they sell, even as specific segments face headwinds; for instance, their Digital segment revenue was down 30.0% in Q3 2025, and Reach Media was down 40.0%.

Authentic, culturally specific content (news, lifestyle, entertainment)

The content strategy is built on cultural relevance, which is what drives that high trust. This authenticity is what keeps the audience tuned in, which is key when you consider the operational discipline management showed in Q3 2025. They managed to post an operating income of approximately $2.5 million, a significant swing from the operating loss of approximately $26.2 million in the prior-year period, showing the underlying value of their core content engine.

High-quality, award-winning content, including 19 Telly Awards

The quality of the content production is validated externally. Urban One, Inc. celebrated an impressive 19 total award wins at the 46th annual Telly Awards in May 2025. These wins spanned TV One, One Solution, and iONE Digital, covering categories like brand collaboration and arts and culture. This creative excellence is defintely a selling point for integrated campaigns.

Unified marketing solution for advertisers via One Solution

One Solution is the mechanism that packages this reach and quality into a single offering. It's the company's award-winning branded solution division, designed to take clients from insights to integrated campaigns and demonstrable ROI. This unified approach is critical because it allows advertisers to bypass the segment-by-segment revenue softness seen in Q3 2025, where Cable TV advertising was down 5.4%, by offering a holistic, culture-first strategy.

Here's a quick snapshot of the metrics that back up these value propositions as of late 2025:

Value Proposition Metric	Associated Data Point	Period/Context
Audience Reach	82% of Black America	Overall Multi-Platform Reach
Content Quality Recognition	19 Telly Awards	46th Annual Telly Awards (May 2025)
Operational Strength (Cost Control)	Operating Income of $2.5 million	Q3 2025 (vs. $26.2M loss in Q3 2024)
Financial Performance Indicator	Adjusted EBITDA of $14.2 million	Q3 2025
Full Year Financial Outlook	Revised Adjusted EBITDA Guidance of $56.0 million to $58.0 million	Full Year 2025 Projection
Balance Sheet Management	Outstanding Debt of $487.8 million	As of Q3 2025

The ability to maintain this value proposition is tied directly to financial management. While the company is focused on cost control, which resulted in a narrowed net loss of approximately $2.8 million in Q3 2025, the underlying debt load remains a factor, with gross debt standing at approximately $487.8 million in Q3 2025.

The core value proposition is the exclusive access to a loyal audience base, which is why management is focused on controlling costs and managing leverage to weather the current advertising market. Finance: draft 13-week cash view by Friday.

Urban One, Inc. (UONE) - Canvas Business Model: Customer Relationships

Deep community connection and trust built over decades

Urban One, Inc. serves as the leading voice to inspire, inform and entertain Black America. The company's extensive portfolio spans radio, television, digital platforms, and content distribution, reaching over 82% of Black America. Urban One, Inc. currently owns and operates 55 broadcast stations located in 16 urban markets in the United States. As of October 2025, Urban One, Inc. has approximately 1K employees across 3 continents. The company has received 19 prestigious Telly Awards for excellence in video and television. Urban One, Inc. is actively exploring growth, including a new Hispanic-targeted format in Washington, DC, expected in 2026. The company is the epicenter of Urban America, acknowledging and paying homage to the Black culture that has impacted every fiber of American life.

Dedicated account management for major advertising clients

The relationship with major advertising clients is reflected in the segment performance for the three months ended September 30, 2025. Core radio advertising, excluding political, finished down 8.1% for the third quarter of 2025. The Radio segment is currently pacing down 30.2% all-in and 6.4% excluding political revenue for the fourth quarter of 2025. National ad sales fell 29.1% against a 21.5% market decline in Q3 2025. Local ad sales outperformed the broader market, declining 6.5% compared to a 10.1% market drop in Q3 2025. The company reported that client attrition and lower CPMs impacted the Reach Media segment in Q2 2025.

Direct engagement through live and community events

Direct engagement is maintained through large-scale events, which serve as key touchpoints for the audience and advertisers. The annual Tom Joyner Fantastic Voyage generated $9.6 million of revenue in the second quarter of 2024, and this event is scheduled to take place in the fourth quarter of 2025. The company also maintains a presence at community-focused gatherings, such as attending the Breast Cancer Awareness Brunch in October 2025.

Event/Metric Type	Value	Period/Context
Tom Joyner Fantastic Voyage Revenue	$9.6 million	Q2 2024 (Event scheduled for Q4 2025)
Telly Awards for Content Excellence	19	Cumulative
Urban Markets Operated In	16	As of late 2025

Philanthropic outreach via Urban One Cares

Urban One, Inc. partners with not-for-profit organizations vested in the advancement of Black culture, focusing on the health, creativity, well-being, and prosperity of Black Americans. The company aims to make a meaningful and lasting impact through contributions, in-kind support, and volunteer resources. The company's operating strategy is to operate the premier multi-media entertainment and information content provider targeting African-American and urban consumers, which includes this commitment to community advancement.

Self-service and automated digital content consumption

The digital platforms, including iOne Digital and its branded sites like Cassius, Bossip, HipHopWired, and MadameNoire, offer self-service content consumption. The digital segment revenue for the three months ended March 31, 2025, was down (16.1)%, driven by expected weakness in streaming and podcasting revenues. For the three months ended September 30, 2025, revenues at the Digital segment were down 30.0% compared to the same period in 2024.

• Digital Segment Revenue Decline (Q3 2025 vs. prior year): 30.0%
• Digital Revenues Decline (Q1 2025 vs. prior year): (16.1)%
• Digital Operating Income (Q3 2025 vs. prior year): Down 43.6% (as part of Broadcast and Digital)

Segment	Q3 2025 Net Revenue (in thousands)	YoY Revenue Change (Q3 2025)
Digital	Not explicitly stated separately for Q3 2025 in millions	Down 30.0%
Reach Media	Not explicitly stated separately for Q3 2025 in millions	Down 40.0%
Q1 2025 Digital Revenue	$10.2 million	Down (16.1)%

Urban One, Inc. (UONE) - Canvas Business Model: Channels

You're looking at the distribution network for Urban One, Inc. (UONE) as of the third quarter of 2025, which gives us a very current view of how they get their content and advertising in front of their audience.

Radio Broadcasting: Over 50 owned and operated radio stations (Radio One)

The core radio segment remains a primary channel, though it faces market softness. For the three months ended September 30, 2025, this segment brought in $34.7 million in revenue, a year-over-year decrease of 12.6%. Core radio advertising, excluding political revenue, finished Q3 2025 down 8.1%.

The scale of this channel is significant:

• Number of owned and operated stations: Over 50.
• Q3 2025 Radio Broadcasting Revenue: $34.7 million.
• Q3 2025 Local Ad Sales Decline: 6.5%.

Cable Television: TV One and CLEO TV networks

The cable television channel provides reach through distribution agreements. Cable TV revenue for Q3 2025 was $39.8 million, down 7.0% compared to the same period last year. This decline was partly due to affiliate revenue falling by 9.1% because of continuing subscriber churn.

Here are the subscriber numbers as of the end of Q3 2025:

Network	Subscribers (Millions)	Q3 2025 Revenue ($ Millions)
TV One	34.1	Reported within Cable TV total
CLEO TV	33.5	Reported within Cable TV total

Cable TV advertising revenue specifically slipped by 5.4% in the third quarter.

Digital Media: iOne Digital platforms (Bossip, MadameNoire, HipHopWired)

The digital platforms are a key growth area, showing resilience in revenue despite overall market softness. Digital revenue for Q3 2025 was $12.7 million, marking a strong year-over-year increase of 30.7%. However, profitability tightened; Digital adjusted EBITDA was only $800,000 for the quarter, a sharp drop from $5.3 million in Q3 2024.

Digital segment performance metrics for Q3 2025:

• Q3 Revenue: $12.7 million.
• Digital Sales Decline (in dollars): Approximately $4.4 million compared to the prior year period.
• Adjusted EBITDA: $800,000.

Content Syndication: Reach Media (e.g., Rickey Smiley Morning Show)

The syndication channel, managed by Reach Media, experienced significant headwinds in Q3 2025. Segment revenue fell by 40.0% to $6.1 million. The operating income for this segment saw a steep drop, going from $5.1 million in Q3 2024 down to just $400,000 in Q3 2025.

Reach Media Q3 2025 financial snapshot:

Metric	Value
Q3 2025 Revenue	$6.1 million
Revenue Change YoY	-40.0%
Q3 2025 Operating Income	$400,000

Live Events: Concerts, awards shows (Urban One Honors), and community gatherings

Live events and other revenue streams provide episodic boosts to the business. For the first quarter of 2025 (ending March 31, 2025), this category generated $1.515 million in revenue. That represented a year-over-year decline of 12.6% from the $1.734 million generated in Q1 2024. The annual Tom Joyner Fantastic Voyage cruise, a major event component, was scheduled for the fourth quarter of 2025, compared to the second quarter in 2024 when it generated $9.6 million in revenue.

Concrete event-related figures:

• Q1 2025 Event Revenue: $1.515 million.
• Q1 2024 Event Revenue: $1.734 million.
• Q2 2024 Fantastic Voyage Revenue: $9.6 million.

Finance: draft 13-week cash view by Friday.

Urban One, Inc. (UONE) - Canvas Business Model: Customer Segments

Urban One, Inc. serves several distinct customer groups, primarily through its media platforms that target the African-American and urban consumer base.

National and local advertisers targeting the Black consumer market represent a core group whose spending directly impacts the Radio Broadcasting, Digital, and Cable TV advertising revenue streams. The overall net revenue for the three months ended September 30, 2025, was approximately $92.7 million, a decrease of 16.0% from the same period in 2024.

The African-American and urban consumers across all demographics are the audience base that Urban One, Inc. reaches through its operations, which include more than 50 radio stations and the national cable networks TV One and Cleo TV.

• Cable subscribers for TV One were at 34,300,000 as of the end of the second quarter of 2025.
• This audience base is the foundation for the Cable Television segment, which saw advertising revenue drop by 5.4% in the third quarter of 2025.

Cable and satellite distributors are a customer group that pays affiliate fees for carrying the company's cable networks. This revenue stream is under pressure from subscriber loss. Affiliate revenue for the Cable Television segment was down 9.1% in the third quarter of 2025.

Political advertisers are a noted, volatile source of revenue. For the first quarter of 2025, political dollars were reported as minimal. Core radio revenue, excluding political advertising, finished Q3 2025 down 8.1%.

Digital programmatic advertising buyers fall under the Digital segment, which experienced a revenue decline of 30.0% in the third quarter of 2025.

Here's a quick look at the Q3 2025 segment revenue performance, which reflects the direct results from these customer groups:

Segment Customer Base	Q3 2025 Revenue (Approximate)	Year-over-Year Change
Radio Broadcasting Advertisers	$34.7 million	Down from $39.7 million
Cable TV Advertisers	Implied from Cable TV Revenue of $39.8 million	Advertising revenue down 5.4%
Digital Advertising Buyers	Implied from Segment Decline	Down 30.0%
Reach Media (Events/Syndication)	Implied from Segment Decline	Down 40.0%
Cable/Satellite Distributors (Affiliate Fees)	Implied from Segment Decline	Affiliate revenue down 9.1%

The company's Q4 2025 pacing for the Radio segment is projected down 30.2% all-in and 6.4% excluding political revenue.

Urban One, Inc. (UONE) - Canvas Business Model: Cost Structure

You're looking at the core expenses Urban One, Inc. (UONE) is managing right now, which is key to understanding their near-term profitability, especially given the revenue softness they've seen. Honestly, debt servicing and content costs are major drivers here.

The Total Operating Expenses for the third quarter of 2025 were reported as approximately $90.2 million, which was a significant reduction compared to the $136.590 million reported in the third quarter of 2024. This cost control is defintely a priority for management.

Here is a look at the key components making up the cost structure based on the Q3 2025 consolidated statements of operations (amounts in thousands):

Cost Component Category	Q3 2025 Amount (in thousands)	Notes/Context
Total Operating Expenses	$90,167	This aligns closely with the stated $90.2 million figure.
Programming and technical (Content/Talent)	$34,705	This covers talent and programming costs, which included a one-time charge of approximately $3,100 thousand for retroactive music licensing royalties (RMLC settlement).
Selling, general and administrative (SG&A)	$48,993	This category saw reductions due to lower employee compensation and a significant drop in third-party finance and accounting professional fees.
Interest Expense (Debt Servicing)	($9,448)	This is the cash cost of servicing the debt load.
Cable Affiliate Fees & Distribution Costs	Implied in Revenue Decline	Cable affiliate fees declined by 9.1% year-over-year in Q3 2025 due to ongoing subscriber churn.

Regarding fixed costs like Broadcast tower leases and transmission expenses, specific line-item figures for Q3 2025 weren't explicitly broken out in the primary operating expense summary, but these are typically embedded within the Programming and technical or SG&A lines. You should know that Urban One, Inc. previously engaged in asset sales involving towers with lease-back agreements, which shifts some capital expenditure into operating lease expenses.

Talent and programming costs are heavily represented by the Programming and technical line. For Q3 2025, this was $34,705 thousand. Keep in mind that this quarter included that $3.1 million retroactive royalty hit, which management added back when calculating Adjusted EBITDA, so the run-rate cost is lower.

The burden of debt is clear when you look at the financing costs. As of the end of the third quarter of 2025, Urban One, Inc.'s total debt stood at approximately $487.8 million. The corresponding interest expense for Q3 2025 was $9,448 thousand, which was an improvement from $11,600 thousand in the prior year due to debt repurchases.

The Cable affiliate fees and distribution costs are a direct cost against a revenue stream that is shrinking. The Cable TV segment's advertising revenue fell 5.4%, and the affiliate revenue specifically dropped 9.1% year-over-year in Q3 2025. This pressure on distribution fees is a direct consequence of subscriber churn impacting the Cable Television segment.

You can see the impact of cost discipline in the non-GAAP measure, where operating expenses, excluding D&A, SBC, and impairments, were approximately $83.7 million for the quarter, down 4.2% year-over-year. That's where you see the savings from staff reductions and lower professional fees hitting the bottom line, even if revenue is struggling.

Urban One, Inc. (UONE) - Canvas Business Model: Revenue Streams

You're looking at the core ways Urban One, Inc. (UONE) brings in cash, which, as of late 2025, is heavily influenced by the tough advertising climate and subscriber trends in its cable business. The company's total consolidated net revenue for the third quarter of 2025 was approximately $92.7 million, marking a 16.0% decrease from the same period in 2024.

The overall revenue picture is a mix of traditional media challenges and specific segment pressures. For the full year 2025, Urban One, Inc. has provided an Adjusted EBITDA guidance range of $56.0 million to $58.0 million, a reduction from prior expectations.

Here's a breakdown of the key revenue components based on the third quarter 2025 results:

• Advertising revenue from radio, TV, and digital platforms is the primary driver, though all segments faced year-over-year declines in Q3 2025.
• Cable television affiliate fees saw a decline of 9.1% in Q3 2025, directly attributed to continuing subscriber churn.
• Syndication fees and other content revenue from the Reach Media segment were hit hard, with revenues falling 40.0% year-over-year in Q3 2025.
• Digital advertising and programmatic sales revenue was down 30.6% in Q3 2025.

The performance across the main operating segments in Q3 2025 illustrates where the revenue pressure is most acute. The Broadcast and Digital operating income for the quarter was approximately $20.0 million, a sharp decrease of 43.6% compared to Q3 2024.

You can see the segment revenue figures below. Note that the Digital segment decline was 30.6%, which is very close to the 30.0% figure you noted for digital advertising and programmatic sales.

Revenue Stream Segment	Q3 2025 Revenue (USD)	Year-over-Year Change
Consolidated Net Revenue	$92,700,000	-16.0%
Radio Broadcasting Revenue	$34,700,000	-12.6%
Cable Television Revenue	$39,800,000	-7.0%
Digital Segment Revenue	$12,700,000	-30.6%
Reach Media Segment Revenue	$6,100,000	-40.0%

Drilling down into the advertising components gives a clearer picture of the market dynamics Urban One, Inc. is navigating. For instance, within the Radio segment, local ad sales were down 6.5% against a broader market decline of 10.1%, showing outperformance on the local front. However, national ad sales underperformed the market, falling 29.1% against a market drop of 21.5%.

The Cable Television revenue breakdown shows the dual impact of advertising and distribution contracts:

• Cable TV advertising revenue decreased by 5.4%.
• Cable TV affiliate revenue decreased by 9.1%.

In the Digital space, the decline was broad-based, with audio streaming revenue specifically down by $1.3 million year-over-year. The Reach Media segment, which includes syndication, saw its revenue fall to $6.1 million.

Finance: draft 13-week cash view by Friday.