Urban One, Inc. (UONEK) Reports Q4 EPS of $0.13

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Go back to Urban One, Inc. (UONEK) Reports Q4 EPS of $0.13

URBAN ONE, INC. REPORTS FOURTH QUARTER RESULTS

March 3, 2022 6:45 AM EST

WASHINGTON, March 3, 2022 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended December 31, 2021. Net revenue was approximately $131.0 million, an increase of 15.3% from the same period in 2020. The Company reported operating income of approximately $22.4 million for the three months ended December 31, 2021, compared to approximately $34.5 million for the three months ended December 31, 2020. Broadcast and digital operating income1 was approximately $44.1 million, a decrease of 14.9% from the same period in 2020. Net income was approximately $6.6 million or $0.13 per share (basic) compared to approximately $26.4 million or $0.58 per share (basic) for the same period in 2020. Adjusted EBITDA2 was... More