Urban One, Inc. (Uone): Business Model Canvas [Jan-2025 Mis à jour]

Urban One, Inc. (Uone) est une puissance médiatique pionnière, naviguant stratégiquement dans le paysage complexe du divertissement urbain et de la radiodiffusion numérique. En tirant magistralement un portefeuille de médias diversifié et en ciblant la démographie afro-américaine dynamique, cette entreprise innovante a transformé la consommation de médias traditionnelle à travers un modèle commercial à multiples facettes qui mélange de manière transparente la radio, les plateformes numériques et le contenu résonant culturellement. Plongez dans la toile du modèle commercial complexe qui révèle comment Urban One est devenu une force transformatrice dans les médias, connectant les communautés, les marques et le public grâce à des nartines dynamiques et engageantes et des innovations médiatiques stratégiques.

Urban One, Inc. (Uone) - Modèle d'entreprise: partenariats clés

Radio One (Parent Media Company)

Urban One possède et exploite 59 stations de radio sur 13 marchés urbains à partir de 2023. La société génère environ 381,5 millions de dollars de revenus annuels de la radio.

Marché	Nombre de stations	Revenus radio annuels
Washington D.C.	5	42,3 millions de dollars
Atlanta	7	53,6 millions de dollars
Baltimore	4	31,2 millions de dollars

Agences de publicité locales

Urban One s'associe à plusieurs agences de publicité locales et nationales pour générer des sources de revenus.

• Partenaire certifié Bureau de la publicité interactive (IAB)
• Revenus publicitaires numériques: 89,7 millions de dollars en 2023
• Valeur du contrat publicitaire moyen: 1,2 million de dollars par an

Plates-formes de médias numériques

Urban One collabore avec plusieurs plateformes numériques pour étendre la distribution de contenu.

Plate-forme	Utilisateurs actifs mensuels	Part des revenus
Youtube	2,3 millions	35%
Spotify	1,7 million	40%
IHEARTRADIO	1,5 million	45%

Producteurs de contenu de divertissement

Urban One maintient des partenariats stratégiques avec des créateurs de contenu de divertissement.

• Partenariats totaux de production de contenu: 17
• Revenus de licence de contenu annuel: 24,5 millions de dollars
• Durée du partenariat moyen: 3,2 ans

Fournisseurs de services technologiques

Urban One utilise des partenariats technologiques avancés pour les infrastructures et les services numériques.

Fournisseur	Type de service	Investissement annuel
Services Web Amazon	Infrastructure cloud	4,2 millions de dollars
Systèmes Cisco	Technologie de réseau	3,7 millions de dollars
Google Cloud	Services numériques	3,9 millions de dollars

Urban One, Inc. (Uone) - Modèle d'entreprise: activités clés

Production de contenu des médias urbains

Urban One exploite 54 stations de radio sur 13 marchés urbains aux États-Unis à partir de 2023. Le volume annuel de production de contenu radio atteint environ 8 760 heures de programmation originale par an.

Catégorie de médias	Volume de production annuel	Heures de contenu uniques
Programmation radio	8 760 heures	2 920 heures de contenu uniques
Contenu médiatique numérique	4 380 heures	1 460 heures de contenu uniques

Gestion de la station de radio

Urban One gère les stations de radio avec une portée de marché totale d'environ 12,8 millions d'auditeurs hebdomadaires sur les marchés urbains.

• Total des stations de radio: 54
• Marchés couverts: 13 marchés urbains
• Base hebdomadaire de l'auditeur: 12,8 millions

Diffusion des médias numériques

Les plates-formes numériques génèrent environ 45,2 millions de dollars de revenus annuels pour Urban One en 2023.

Plate-forme numérique	Visiteurs uniques mensuels	Revenus annuels
Interactif	15,6 millions	22,1 millions de dollars
Urban One Digital Network	9,4 millions	23,1 millions de dollars

Ventes publicitaires et marketing

Les revenus publicitaires totaux pour Urban One en 2023 ont atteint 367,5 millions de dollars sur les plateformes radio et numériques.

• Revenus publicitaires radio: 245,3 millions de dollars
• Revenus publicitaires numériques: 122,2 millions de dollars
• CPM de publicité moyenne: 18,50 $

Distribution de contenu sur plusieurs plateformes

Urban One distribue du contenu à travers 54 stations de radio, plusieurs plateformes numériques et réseaux de télévision.

Canal de distribution	Nombre de canaux	Portée annuelle
Stations de radio	54	12,8 millions d'auditeurs hebdomadaires
Plates-formes numériques	7	25 millions d'utilisateurs mensuels
Réseaux de télévision	1 (Cleo TV)	5,2 millions de ménages

Urban One, Inc. (Uone) - Modèle d'entreprise: Ressources clés

Portfolio de médias diversifié

Urban One opère:

• 59 stations de radio sur 13 marchés urbains
• Interactive une plate-forme numérique
• TV One Cable Network

Actif médiatique	Quantité	Portée du marché
Stations de radio	59	13 Marchés urbains
Plates-formes numériques	Interactif	Présence nationale en ligne
Réseaux de télévision	TV One	Réseau câblé

Réseau d'audience

Public médiatique afro-américain: Environ 54 millions de téléspectateurs / auditeurs potentiels

Ressources humaines

• Total des employés (2023): 1 400
• Personnel de production des médias: 350
• Créateurs de contenu numérique: 175

Infrastructure de diffusion

Investissement total en capital dans les infrastructures: 42,3 millions de dollars (2023 Exercice)

Reconnaissance de la marque

Évaluation du marché: 268,45 millions de dollars (en décembre 2023)

Urban One, Inc. (Uone) - Modèle d'entreprise: propositions de valeur

Contenu démographique urbain et afro-américain ciblé

Urban One dessert 13,4% des consommateurs de médias afro-américains aux États-Unis.

Portée démographique	Pourcentage
Consommateurs de médias afro-américains	13.4%
Pénétration du marché urbain	57.3%

Expérience de divertissement médiatique multicanal

Urban One opère sur plusieurs plateformes médiatiques:

• Stations radio: 54 stations
• Réseaux de télévision: 1 (TV One)
• Plateformes numériques: 6 sites Web numériques
• Services de streaming: 2 canaux de streaming numériques

Programmation culturellement pertinente

Catégorie de programmation	Heures de contenu annuelles
Programmation musicale urbaine	8 760 heures
Contenu des nouvelles afro-américaines	2 190 heures

Diverses offres de plate-forme multimédia

Revenus annuels totaux de diverses plateformes médiatiques: 385,6 millions de dollars

Plate-forme	Contribution des revenus
Radio	164,3 millions de dollars
Numérique	87,5 millions de dollars
Télévision	133,8 millions de dollars

Opportunités publicitaires spécialisées pour les marques

Revenus publicitaires annuels: 276,4 millions de dollars

• Publicité ciblée RECHERCHE: 22,3 millions de téléspectateurs mensuels uniques
• Taux publicitaire moyen: 45 $ par 1 000 impressions
• Croissance de la publicité numérique: 14,6% en glissement annuel

Urban One, Inc. (Uone) - Modèle d'entreprise: relations avec les clients

Engagement communautaire à travers des événements locaux

Urban One accueille environ 15-20 événements communautaires par an sur ses marchés radio dans les principales zones urbaines. Ces événements génèrent un engagement estimé au public de 250 000 à 350 000 participants.

Type d'événement	Fréquence annuelle	Public estimé
Remotes en direct de la station de radio	12-15	150,000-200,000
Festivals communautaires	3-5	100,000-150,000

Plateformes interactives de médias numériques et sociaux

Urban One maintient un engagement numérique actif sur plusieurs plateformes avec les mesures suivantes:

• Total des abonnés des médias sociaux sur toutes les plateformes: 3,2 millions
• Interactions mensuelles de contenu numérique: 1,5 million
• Plateforme numérique Reach: 8,5 millions d'utilisateurs mensuels uniques

Recommandations de contenu personnalisés

Urban One utilise Algorithmes de recommandation de contenu basé sur l'IA sur ses plateformes numériques, ce qui entraîne:

Métrique	Performance
Taux d'engagement du contenu	22.5%
Rétention des utilisateurs par le biais de recommandations	18.3%

Mécanismes de rétroaction directe du public

Urban One met en œuvre plusieurs canaux de rétroaction avec les statistiques d'engagement suivantes:

• Réponses annuelles de l'enquête audience: 45 000
• Participation en direct sur le spectacle: 75 000 interactions
• Soumissions de commentaires numériques: 120 000 par an

Programmes de fidélité pour les consommateurs de médias

Le programme de fidélité urbain comprend:

Fonctionnalité du programme	Inscription	Valeur des avantages annuels
Récompenses urbaines	175 000 membres	2,3 millions de dollars
Abonnés de contenu numérique	95 000 abonnés actifs	1,7 million de dollars

Urban One, Inc. (Uone) - Modèle d'entreprise: canaux

Réseaux de radiodiffusion

Urban One exploite 54 stations de radio sur 13 marchés urbains, notamment:

Marché	Nombre de stations	Format primaire
Washington DC	4	Contemporain urbain
Philadelphie	5	Hip Hop / R&B
Baltimore	3	Contemporain adulte urbain

Plateformes de streaming numérique

Les revenus de streaming numérique d'Urban One ont atteint 12,7 millions de dollars en 2023, avec des plateformes, notamment:

• Atteindre le réseau numérique multimédia
• Services de streaming interactifs
• Station de radio Streams en ligne

Applications mobiles

Les plates-formes numériques comprennent:

• Applications mobiles de la station de radio
• Plateforme mobile interactive
• Téléchargements d'applications de streaming: 1,2 million en 2023

Plateformes de médias sociaux

Plate-forme	Adeptes / abonnés	Contenu principal
Instagram	3,5 millions	Divertissements / nouvelles musicales
Youtube	2,1 millions	Clips / interviews
Gazouillement	1,8 million	Dernières nouvelles / commentaires

Portails de contenu du site Web

Les propriétés numériques comprennent:

• Interactive One Sites Web
• Plateforme numérique Newsone
• Trafic mensuel du site Web: 22,5 millions de visiteurs uniques

Urban One, Inc. (Uone) - Modèle d'entreprise: segments de clientèle

Public afro-américain urbain

Urban One cible 40,7 millions de consommateurs afro-américains aux États-Unis. Selon 2023 données démographiques, la société se concentre sur 13 principaux marchés métropolitains avec des populations afro-américaines importantes.

Caractéristique du marché	Données statistiques
Pobine afro-américaine	40,7 millions de consommateurs
Marchés métropolitains primaires	13 zones urbaines majeures
Âge de l'auditeur moyen	25-54 ans

Démographie des jeunes adultes

Urban One cible les jeunes adultes âgés de 18 à 34 ans, représentant environ 72,1 millions de consommateurs potentiels aux États-Unis.

• 18-24 groupe d'âge: 31,5 millions d'auditeurs potentiels
• 25-34 groupes d'âge: 40,6 millions d'auditeurs potentiels
• Taux d'engagement de la plate-forme numérique: 68% chez les jeunes adultes

Passionnés de musique et de divertissement

La société atteint environ 25,3 millions de consommateurs de musique et de divertissement sur les plateformes de radio, de numérique et de télévision.

Plate-forme	Recherche des consommateurs
Auditeurs de radio	15,6 millions
Utilisateurs de plate-forme numérique	6,7 millions
Téléspectateurs	3 millions

Auditeurs de la communauté locale

Urban One sert les communautés locales sur les principaux marchés urbains avec du contenu ciblé et de la programmation.

• Washington, D.C. Région métropolitaine: 2,3 millions d'auditeurs potentiels
• Baltimore Metropolitan Area: 1,8 million d'auditeurs potentiels
• Région métropolitaine de Philadelphie: 2,5 millions d'auditeurs potentiels
• Région métropolitaine de Détroit: 2,1 millions d'auditeurs potentiels

Annonceurs de créneaux

La société offre des opportunités publicitaires à 12 500 annonceurs ciblés sur diverses plateformes.

Catégorie des annonceurs	Nombre d'annonceurs
Entreprises locales	6,200
Marques régionales	3,800
Marques nationales	2,500

Urban One, Inc. (Uone) - Modèle d'entreprise: Structure des coûts

Dépenses de production de contenu

Pour l'exercice 2022, Urban One a déclaré des dépenses de production de contenu totalisant 87,3 millions de dollars.

Catégorie de dépenses	Coût annuel
Production de contenu radio	42,5 millions de dollars
Contenu médiatique numérique	22,8 millions de dollars
Contenu télévisé	15,6 millions de dollars
Production de podcast	6,4 millions de dollars

Maintenance d'infrastructure de diffusion

Urban One a alloué 53,6 millions de dollars pour la maintenance des infrastructures de diffusion en 2022.

• Équipement de la station de radio: 31,2 millions de dollars
• Infrastructure de plate-forme numérique: 14,7 millions de dollars
• Mises à niveau des équipements de transmission: 7,7 millions de dollars

Acquisition et gestion des talents

Les dépenses totales liées aux talents pour 2022 étaient de 46,9 millions de dollars.

Catégorie de talents	Dépenses annuelles
Salaires de talents à l'antenne	28,3 millions de dollars
Compensation de gestion	12,6 millions de dollars
Recrutement de talents	6 millions de dollars

Investissements technologiques et plate-forme numérique

Urban One a investi 39,2 millions de dollars dans la technologie et les plateformes numériques en 2022.

• Développement de la plate-forme numérique: 22,5 millions de dollars
• Technologie de streaming: 9,7 millions de dollars
• Investissements en cybersécurité: 7 millions de dollars

Activités de marketing et de promotion

Les dépenses de marketing pour Urban One en 2022 s'élevaient à 34,5 millions de dollars.

Canal de marketing	Dépense
Marketing numérique	18,3 millions de dollars
Publicité traditionnelle	12,2 millions de dollars
Commandites d'événements	4 millions de dollars

Urban One, Inc. (Uone) - Modèle d'entreprise: Strots de revenus

Ventes de publicité radio

Urban One exploite 59 stations de radio sur 13 marchés urbains. Les revenus de la publicité radio pour 2022 étaient de 180,3 millions de dollars.

Marché	Nombre de stations	Revenus publicitaires radio annuels
Washington D.C.	5	32,5 millions de dollars
Baltimore	4	22,7 millions de dollars
Philadelphie	6	41,2 millions de dollars

Publicité des médias numériques

Les revenus publicitaires des médias numériques pour 2022 ont atteint 62,4 millions de dollars.

• Interactive One Digital Platform génère 35% des revenus publicitaires numériques
• Les sites Web urbains attirent 15,6 millions de visiteurs mensuels uniques
• Tarifs CPM publicitaires numériques en moyenne 8,50 $

Frais de licence de contenu

Les licences de contenu ont généré 24,7 millions de dollars de revenus en 2022.

Catégorie de licence	Revenus annuels
Contenu radio	12,3 millions de dollars
Contenu numérique	8,9 millions de dollars
Droits de syndication	3,5 millions de dollars

Revenus de parrainage des événements

Les revenus du parrainage des événements ont totalisé 17,6 millions de dollars en 2022.

• Sponsors du festival de musique: 9,2 millions de dollars
• Commandites d'événements communautaires: 5,4 millions de dollars
• Événements de partenariat d'entreprise: 3 millions de dollars

Abonnements à la plate-forme de streaming

Le chiffre d'affaires de streaming était de 8,5 millions de dollars en 2022.

Service de streaming	Abonnés	Taux d'abonnement mensuel
Atteindre les médias	125,000	$4.99
Urban un 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.