Urban One, Inc. (UONEK) Reports Q3 EPS of $0.12

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Go back to Urban One, Inc. (UONEK) Reports Q3 EPS of $0.12

Urban One, Inc. Reports Third Quarter Results

November 7, 2019 6:45 AM EST

WASHINGTON, Nov. 7, 2019 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended September 30, 2019.  Net revenue was approximately $111.1 million, an increase of 0.3% from the same period in 2018. Broadcast and digital operating income1 was approximately $44.8 million, an increase of 3.2% from the same period in 2018. The Company reported operating income of approximately $32.5 million for the three months ended September 30, 2019, compared to approximately $32.1 million for the same period in 2018. Net income was approximately $5.4 million or $0.12 per share (basic) compared to net income of approximately $23.0 million or $0.51 per share (basic) for the same period in... More