UPDATE: Urban One, Inc. (UONEK) Reports Q2 EPS of $0.03 on Revenues of $76.008M

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Go back to UPDATE: Urban One, Inc. (UONEK) Reports Q2 EPS of $0.03 on Revenues of $76.008M

Urban One, Inc. Reports Second Quarter Results

July 30, 2020 6:45 AM EDT

WASHINGTON, July 30, 2020 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended June 30, 2020. Net revenue was approximately $76.0 million, a decrease of 37.5% from the same period in 2019. Broadcast and digital operating income1 was approximately $30.2 million, a decrease of 33.1% from the same period in 2019. The Company reported operating income of approximately $20.4 million for the three months ended June 30, 2020, compared to approximately $29.1 million for the same period in 2019. Net income was approximately $1.4 million or $0.03 per share (basic) compared to net income of approximately $6.6 million or $0.15 per share (basic) for the same period in... More