(UONE) Reports Q1 EPS of $0.49 on Revenues of $115.2M

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Go back to (UONE) Reports Q1 EPS of $0.49 on Revenues of $115.2M

Urban One, Inc. Reports Second Quarter Results

August 8, 2018 6:45 AM EDT

WASHINGTON, Aug. 8, 2018 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended June 30, 2018.  Net revenue was approximately $115.2 million, a decrease of 2.1% from the same period in 2017. Broadcast and digital operating income1 was approximately $44.3 million, an increase of 6.1% from the same period in 2017. The Company reported operating income of approximately $24.8 million for the three months ended June 30, 2018, compared to approximately $12.1 million for the same period in 2017. Net income was approximately $23.6 million or $0.51 per share (basic) compared to net income of $802,000 or $0.02 per share (basic) for the same period in 2017. Adjusted EBITDA2 was... More