Urban One, Inc. (UONEK) Reports Q1 Loss of $0.15 on Revenues of $98.45M

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Go back to Urban One, Inc. (UONEK) Reports Q1 Loss of $0.15 on Revenues of $98.45M

Urban One, Inc. Reports First Quarter Results

May 9, 2019 6:45 AM EDT

WASHINGTON, May 9, 2019 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended March 31, 2019.  Net revenue was approximately $98.4 million, a decrease of 1.2% from the same period in 2018. Broadcast and digital operating income1 was approximately $34.5 million, an increase of 6.1% from the same period in 2018. The Company reported operating income of approximately $16.1 million for the three months ended March 31, 2019, compared to approximately $7.3 million for the same period in 2018. Net loss was approximately $6.7 million or $0.15 per share (basic) compared to net loss of approximately $22.6 million or $0.48 per share (basic) for the same period in... More