Urban One, Inc. (UONEK) Reports Q1 Loss of $0.51
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Urban One, Inc. Reports First Quarter Results
May 28, 2020 6:45 AM EDTWASHINGTON, May 28, 2020 /PRNewswire/ --Â Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended March 31, 2020. Net revenue was approximately $94.9 million, a decrease of 3.6% from the same period in 2019. Broadcast and digital operating income1 was approximately $37.6 million, an increase of approximately $4.3 million from the same period in 2019. The Company reported an operating loss of approximately $27.3 million for the three months ended March 31, 2020, compared to operating income approximately $14.8 million for the same period in 2019. Net loss was approximately $23.2 million or $0.51 per share (basic) compared to net loss of approximately $3.1 million or $0.07 per... More
