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Urban One Releases Fourth Quarter, Full Year 2020 Financial Estimates
January 7, 2021 at 6:25 AM (PT)
Q4, 2020 Estimates
URBAN ONE, INC. has released its preliminary estimated fourth quarter and full year 2020 financial results, with revenues up 3.9% to 7.7% year-to-year to $41-43 million but off 13.7% to 14.6% for the full year to $373-377 million.
CEO ALFRED C. LIGGINS III said, We are pleased to pre-announce very strong year-end estimated results that significantly outperformed our previous guidance given on our third quarter earnings call.  At that time, I stated that our 2020 Consolidated Adjusted EBITDA was expected to be between $125 million and $130 million for the full year compared to $133.5 million for 2019.  Today, I am very happy to share that we expect full year Consolidated Adjusted EBITDA to be between $ ....

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