Reve-News: Urban One, Spotify
Reve-News: Urban One has reported Q3 2025 net revenue of $92.7 million, a decrease of 16% from the prior year's $110.4m. The company's broadcast and digital operating income was $20m, a decrease of 43.6% from last year. Adjusted EBITDA was $14.2m, down from $25.4m. "Core radio, excluding political, finished down 8.1%, and our radio segment is currently pacing down 30.2% all-in and 6.4% ex-political for the fourth quarter," says CEO/Pres. Alfred C. Liggins, III. Full report here.
Spotify reported revenue of €4.3 billion (approximately $4.94b) for Q3 2025, up 12% year-to-year. Monthly active users grew to 713 million, up 11% year-to-year, while premium subscribers increased 12% to 281m. Operating income was €582m ($668.24m). See the complete earnings release here.