Urban One, Inc. Reports Third Quarter Results

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Go back to Urban One, Inc. Reports Third Quarter Results

Urban One, Inc. (UONEK) Reports Q3 Loss of $0.29

November 12, 2020 6:49 AM EST

Urban One, Inc. (NASDAQ: UONEK) reported Q3 EPS of ($0.29), versus $0.12 reported last year.

Alfred C. Liggins, III, Urban One's CEO and President stated, "During the third quarter, we saw continued sequential improvements in radio revenues: compared to Q2 2020, our radio segment revenues were up 54.3%. This improvement will continue into fourth quarter, where same station radio division revenues are currently pacing down only mid-single digits compared to Q4 2019 including political advertising. Most remarkably, despite the ongoing impact of the Covid-19 pandemic, we were able to grow our Q3 2020 Adjusted EBITDA... More