Urban One, Inc. (UONEK) Reports Q1 Loss of $0.48 on Revenues of $99.62M

Urban One, Inc. (NASDAQ: UONEK) reported Q1 EPS of ($0.48). Revenue for the quarter came in at $99.62 million.

• Net revenue was approximately $99.6 million, a decrease of 1.6% from the same period in 2017. Broadcast and digital operating income1 was approximately $32.5 million, a decrease of 7.0% from the same period in 2017.
• The Company reported operating income of approximately $7.3 million for the three months ended March 31, 2018, compared to $16.5 million for the same period in 2017.
• Net loss was approximately $22.6 million or $0.48 per share (basic) compared to net loss of approximately $2.3 million or $0.05 per share (basic) for the same period in 2017.
• Adjusted EBITDA2 was approximately $28.5 million for the three months ended March 31, 2018, compared to $27.7 million for the same period in 2017, an increase of 2.7%.

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

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