Urban One, Inc. (UONEK) Reports Q1 EPS of $0.32

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URBAN ONE, INC. REPORTS FIRST QUARTER RESULTS

May 5, 2022 6:45 AM EDT

WASHINGTON, May 5, 2022 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended March 31, 2022. Net revenue was approximately $112.3 million, an increase of 22.9% from the same period in 2021. The Company reported operating income of approximately $36.5 million for the three months ended March 31, 2022, compared to approximately $23.8 million for the three months ended March 31, 2021. Broadcast and digital operating income1 was approximately $48.4 million, an increase of 33.0% from the same period in 2021. Net income was approximately $16.4 million or $0.32 per share (basic) compared to $7,000 or $0.00 per... More