Urban One, Inc. (UNOE) Q2 2024 Earnings Call Transcript Summary
Urban One, Inc. (UNOE) Q2 2024 Earnings Call Transcript Summary
Digital segment net revenue decreased by 16% in the second quarter to $15.9 million.The following is a summary of the Urban One, Inc. (UNOE) Q2 2024 Earnings Call Transcript:
以下是Urban One，Inc. (UNOE) 2024 Q2 業績會 transscription總結：
Financial Performance:
金融業績：
Consolidated net revenue for Q2 2024 decreased by 9.2% year-over-year to approximately $117.7 million.
Radio broadcasting net revenue was $42 million, an increase of 7.2% year-over-year but down 3% on a same-station basis.
Digital segment net revenue decreased by 16% in the second quarter to $15.9 million.
Cable TV segment revenue decreased by 20.9% with advertising revenue down 26.7%.
Consolidated adjusted EBITDA for Q2 was $28.4 million, down 24.2% year-over-year.
2024 Q2 統 Consolidated 淨收入同比下降9.2%至約117.7百萬美元。
廣播電臺 淨收入爲4200萬美元，同比增長7.2%，但同基站淨收入下降3%。
數字業務 淨收入在第二季度下降16%，至1590萬美元。
有線電視業務收入下降20.9%，廣告收入下降26.7%。
Q2 統 Consolidated 調整後的 EBITDA 爲2840萬美元，同比下降24.2%。
Business Progress:
業務進展：
Emphasis on addressing softness in cable television and harnessing opportunities in connected TV advertising using a new ad server to monetize inventory better.
Continued focus on deleveraging, with $35.5 million of 2028 notes repurchased at a discount.
Launching TV One and CLEO TV on the Xfinity TV Now service to expand audience outreach.
重點解決有線電視市場的低迷，利用新的廣告服務器開拓聯網電視廣告機會以更好地實現庫存變現。
繼續專注於降低負債，在折扣價回購了3550萬美元的2028年債券。
在Xfinity電視現場推出TV One和CLEO TV以擴大觀衆覆蓋面。
Opportunities:
機會：
Expected robust political advertising benefiting from a favorable political landscape and demographic significance in key markets.
Potential upside from new connected TV ad server allowing better monetization of digital inventory.
有利的政治環境和關鍵市場的人口意義有望從強勁的政治廣告中獲益。
新聯網電視廣告服務器有望帶來數字庫存更好的變現機會。
Risks:
風險：
Projected continuation on the lower end of EBITDA guidance due to ongoing challenges in the Cable TV segment and overall soft market conditions.
由於有線電視業務和整體市場環境的持續挑戰，EBITDA 指導價值將繼續位於較低端。
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。
