Matthew Swope's questions to URBAN ONE (UONE) leadership • Q4 2024
Question
Asked for the current cash balance, questioned the debt buyback strategy, inquired about potential liability management exercises, sought clarity on the conservatism of the EBITDA guide, asked how the CEO award functions, and checked on the status of the company's casino ambitions.
Answer
The company reported a cash balance of $117 million. They defended their opportunistic open-market buyback strategy over a tender offer and stated it's too early for a formal liability management exercise. They clarified the 2025 EBITDA guide is more comparable to a $93M baseline from 2024 due to a non-cash item. The CEO award mechanics were explained, and they confirmed the Richmond casino project is off the table, though iGaming remains an interest.