Urban One, Inc. (UONEK) Reports Q2 EPS of $0.36, Revenues Rise 42%

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Go back to Urban One, Inc. (UONEK) Reports Q2 EPS of $0.36, Revenues Rise 42%

Urban One, Inc. Reports Second Quarter Results

August 5, 2021 6:45 AM EDT

WASHINGTON, Aug. 5, 2021 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended June 30, 2021. Net revenue was approximately $107.6 million, an increase of 41.6% from the same period in 2020. Broadcast and digital operating income1 was approximately $49.6 million, an increase of 64.3% from the same period in 2020. The Company reported operating income of approximately $37.9 million for the three months ended June 30, 2021, compared to approximately $20.4 million for the three months ended June 30, 2020. Net income was approximately $17.9 million or $0.36 per share (basic) compared to approximately $1.4 million or $0.03 per share (basic) for the same period in 2020. Adjusted EBITDA2 was... More