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Urban One, Inc. Reports Second Quarter Results

Urban One, Inc. Reports Second Quarter Results
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Urban One, Inc. Reports First Quarter Results

Press release content from PR Newswire. The AP news staff was not involved in its creation.
Urban One, Inc. Reports First Quarter Results
May 12, 2021 GMT
(PRNewsfoto/Urban One, Inc.)
WASHINGTON, May 12, 2021 /PRNewswire/ Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended March 31, 2021. Net revenue was approximately $91.4 million, a decrease of 3.6% from the same period in 2020. Broadcast and digital operating income1 was approximately $36.4 million, a decrease of 3.3% from the same period in 2020. The Company reported operating income of approximately $23.8 million for the three months ended March 31, 2021, compared to an operating loss of approximately $27.3 million for the three months ended March 31, 2020. Net income was $7,000 or $0.00 per share (basic) compared to a net loss of approximately $23.2 million or $0.51 per share (basic) for the same period in 2020. Adjusted EBITDA2 was approximately $28.8 million for the t ....

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