Urban One, Inc. (UONEK) Reports Q4 EPS of $0.55 on Revenues of $113.5M

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Go back to Urban One, Inc. (UONEK) Reports Q4 EPS of $0.55 on Revenues of $113.5M

Urban One, Inc. Reports Fourth Quarter Results

March 18, 2021 6:45 AM EDT

WASHINGTON, March 18, 2021 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended December 31, 2020. Net revenue was approximately $113.5 million, an increase of 7.3% from the same period in 2019. Broadcast and digital operating income1 was approximately $51.9 million, an increase of 51.3% from the same period in 2019. The Company reported operating income of approximately $34.5 million for the three months ended December 31, 2020, compared to operating income of approximately $12.1 million for the same period in 2019. Net income was approximately $26.4 million or $0.58 per share (basic) compared to a net loss of approximately $7.9 million or $0.18 per share... More