Urban One, Inc. (UONEK) Reports Q4 Loss of $0.18 on Revenues of $105.9M

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Go back to Urban One, Inc. (UONEK) Reports Q4 Loss of $0.18 on Revenues of $105.9M

Urban One, Inc. Reports Fourth Quarter Results

March 20, 2020 6:45 AM EDT

WASHINGTON, March 20, 2020 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended December 31, 2019. Net revenue was approximately $105.9 million, a decrease of 6.8% from the same period in 2018. Broadcast and digital operating income1 was approximately $34.3 million, a decrease of approximately $10.3 million from the same period in 2018. The Company reported operating income of approximately $12.1 million for the three months ended December 31, 2019, compared to approximately $9.4 million for the same period in 2018. Net loss was approximately $7.9 million or $0.18 per share (basic) compared to net income of approximately $116.9 million or $2.62 per share (basic) for the... More