Company: UONE
Filing Date: 2025-03-27
Form Type: 8-K
Source: 0001041657-25-000015
Chunk: 1

Company: URBAN ONE, INC.
Filing Date: 2025-03-27
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01 Other Events.

During the course of its earnings call, the Company gave certain updates to its current outlook. First, the Company noted that for the year-ending December 31, 2025, it expects to achieve Adjusted EBITDA of $75.0 million, including free cash generation of approximately $25.0 million, versus $103.5 million of Adjusted EBITDA for the year ended December 31, 2024. Next, the Company noted that the first quarter revenue was pacing down approximately 13.0% with improvement in the second quarter which is currently pacing down approximately 1.6%. Management noted that as of March 27, 2025, the Company's cash balance was approximately $117.0 million. Finally, the Company noted it would continue a disciplined capital allocation strategy with a focus on debt management/reduction and accretive corporate development opportunities taking into consideration the current operating environment and persistent industry trends.

ITEM 9.01. Financial Statements and Exhibits.

(c)  Exhibits

  Exhibit      Description                                                                               
   Number                                                                                                
     99.1      Press release dated March 27, 2025: Urban One Reports Fourth Quarter 2024 Results         
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      104      Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)  

Forward Looking Statements

The Company cautions you certain of the statements in this Form 8-K or in this press release may represent "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements are based on assumptions believed by the Company to be reasonable and speak only as of the date on which such statements are made. Without limiting the generality of the foregoing, words such as "expect," "believe," "anticipate," "intend," "plan," "project," "will" or "estimate," or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. Except as required by law, the Company undertakes no obligation to update such statements to reflect events or circumstances arising after such date and cautions investors not to place undue reliance on any such forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described in the