Urban One, Inc. (UONE) Q3 2024 Earnings Call Transcript Summary
Urban One, Inc. (UONE) Q3 2024 Earnings Call Transcript Summary
Adjusted EBITDA declined 26.7%, with broadcast and digital operating income down 19.2%.The following is a summary of the Urban One, Inc. (UONE) Q3 2024 Earnings Call Transcript:
以下是Urban One, Inc.（UONE）2024年第三季度業績會實錄摘要：
Financial Performance:
財務表現：
Urban One reported a consolidated net revenue decrease of 6.3% year-over-year, amounting to $110.4 million.
Operating expenses increased by 3.5% primarily due to higher costs related to acquisitions and third-party professional fees.
Adjusted EBITDA declined 26.7%, with broadcast and digital operating income down 19.2%.
Net loss was reported at $31.8 million, or $0.68 per share, improved from a net loss of $54.4 million the previous year.
Urban One報告，綜合淨營業收入同比下降6.3%，爲11040萬美元。
營業費用增加3.5%，主要是由於與收購和第三方專業費用相關的成本上升。
調整後的EBITDA下降了26.7%，廣播和數字營業收入下降了19.2%。
淨虧損報告爲3180萬美元，每股虧損0.68美元，較上一年的淨虧損5440萬美元有所改善。
Business Progress:
業務進展：
Engaged in debt reduction by repurchasing $14.5 million of its 2028 notes at 75% of par.
Expects to end the year with a cash balance of $140 million while managing a net leverage ratio of approximately 4.68x.
通過以每股面值75%的價格回購其2028年的1450萬美元債券，進行了債務減少。
預計年底現金結餘爲14000萬美元，同時管理淨槓桿比率約爲4.68倍。
Opportunities:
機會：
Increased political spending of approximately $20.5 million forecasts stable Q4 revenues despite ongoing advertising headwinds.
Noted growth in connected TV and podcast revenues, countering declines in traditional advertising channels.
雖然持續的廣告逆風增加了政治支出約2050萬美元，但預計第四季度收入保持穩定。
注意到連接電視和播客收入的增長，抵消了傳統廣告渠道的下降。
Risks:
風險：
Acknowledged weakness in the Cable TV segment and a downward revision of the year-end EBITDA projection from $110 million to between $102 and $105 million.
Noted total day delivery erosion in cable TV and challenges from subscriber churn leading to decreased affiliate revenues.
承認有線電視業務板塊的弱點，並將年末的EBITDA預測從11000萬美元下調至10200萬至10500萬美元。
注意到有線電視的全天段送貨侵蝕和來自用戶流失的挑戰，導致降低的附屬收入。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
