Urban One, Inc. (UONEK) Reports Q3 EPS of $0.49

Urban One, Inc. (NASDAQ: UONEK) reported Q3 EPS of $0.49. Revenue for the quarter came in at $110.73 million.

Alfred C. Liggins, III, Urban One\'s CEO and President stated, "I was pleased with our overall Adjusted EBITDA growth, which puts us in a great position to hit or exceed our full year guidance of $140 million. We outperformed our radio markets, a trend that looks set to continue into the fourth quarter, where we are currently pacing up 10% excluding political advertising, and up 20% with political. As TV One heads into the new broadcast calendar year, we are optimistic that the recent declines in cable TV advertising can be reversed, and we continue to manage our costs prudently, enabling the business to grow its cashflow in a challenging marketplace."

For earnings history and earnings-related data on Urban One, Inc. (UONEK) click here.

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