Urban One, Inc. (UONEK) Reports Q3 EPS of $0.25

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Go back to Urban One, Inc. (UONEK) Reports Q3 EPS of $0.25

Urban One, Inc. Reports Third Quarter Results

November 4, 2021 6:45 AM EDT

WASHINGTON, Nov. 4, 2021 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended September 30, 2021. Net revenue was approximately $111.5 million, an increase of 21.3% from the same period in 2020. Broadcast and digital operating income1 was approximately $49.1 million, an increase of 11.2% from the same period in 2020. The Company reported operating income of approximately $34.5 million for the three months ended September 30, 2021, compared to approximately $4.0 million for the three months ended September 30, 2020. Net income was approximately $13.9 million or $0.27 per share (basic) compared to a net loss of approximately $12.8 million or $0.29 per share (basic) for the... More