Urban One, Inc. (UONEK) Reports Q3 EPS of $0.49
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Urban One, Inc. Reports Third Quarter Results
November 1, 2018 7:07 AM EDTWASHINGTON, Nov. 1, 2018 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended September 30, 2018. Net revenue was approximately $110.7 million, a decrease of 1.2% from the same period in 2017. Broadcast and digital operating income1 was approximately $43.4 million, an increase of 6.8% from the same period in 2017. The Company reported operating income of approximately $32.1 million for the three months ended September 30, 2018, compared to approximately $3.5 million for the same period in 2017. Net income was approximately $23.0 million or $0.51 per share (basic) compared to net loss of approximately $7.9 million or $0.17 per share (basic) for the same period in... More
