Urban One Earnings Reports

Urban One posted a net loss of $35.7 million in Q4 2024, driven by an operating loss of $1.9 million and a 2.7% drop in revenue. Adjusted EBITDA remained stable year-over-year, and cash reserves stood at $137.1 million by year-end.

Urban One, Inc. reported a decrease in net revenues for the quarter ended September 30, 2024, with an operating loss. The company saw declines in broadcast and digital operating income and net loss, but also experienced a strong uptick in political revenues beginning in September.

Urban One, Inc. reported a decrease in net revenues for the second quarter of 2024, with a significant shift from operating income to an operating loss. The company experienced a net loss, contrasting with a net income in the prior year. Declines in cable television and digital revenues significantly impacted the overall financial performance.

Urban One reported a 5.0% decrease in net revenue for Q1 2024, amounting to $104.4 million, but net income increased to $7.5 million, or $0.15 per share, compared to a loss of $2.9 million, or $0.06 per share, in the same period of the prior year. The company's operating income also rose to $12.9 million from $8.1 million year-over-year. Urban One actively managed its debt by repurchasing $75.0 million of its 2028 notes and ended the quarter with $155.7 million in cash.

Urban One reported an increase in net revenue for the second quarter of 2023, driven by growth in radio advertising and event revenues, particularly from the return of Tom Joyner's Fantastic Voyage, but was offset by higher operating expenses and impairment charges, resulting in a net income attributable to common stockholders of $70.4 million, or $1.48 per share.

Urban One, Inc. reported a 1.6% increase in net revenue to $132.6 million for the quarter ended December 31, 2022. Operating income was approximately $14.3 million, while net income was $856,000, or $0.02 per share. Adjusted EBITDA was approximately $31.7 million for the quarter.

Urban One reported a solid Q3 with an 8.9% increase in net revenue, reaching $121.4 million, and an increase in Adjusted EBITDA. The company experienced growth in its Digital segment, with approximately 40% increase in both revenue and Adjusted EBITDA.

Urban One reported a 10.4% increase in net revenue, reaching $118.8 million, driven by growth in digital and cable television advertising. Operating income was $23.8 million, while net income was $15.0 million, or $0.30 per share. Adjusted EBITDA increased by 6.1% year-over-year to $47.5 million.

Urban One reported a strong first quarter with net revenue increasing by 22.9% to $112.3 million compared to the same period in 2021. Operating income increased to $36.5 million, and net income attributable to common stockholders was $16.4 million, or $0.32 per share. Adjusted EBITDA also saw significant growth, reaching $42.0 million.

Urban One, Inc. reported a 15.3% increase in net revenue to $131.0 million for the quarter ended December 31, 2021. However, operating income decreased to $22.4 million, and net income fell to $6.6 million, or $0.13 per share. Adjusted EBITDA was approximately $32.5 million.

Urban One reported a strong third quarter with net revenue increasing by 21.3% to $111.5 million compared to the same period in 2020. The company's operating income significantly improved to $34.5 million, and net income reached $13.9 million or $0.27 per share. Adjusted EBITDA also increased to $42.7 million.

Urban One, Inc. reported a strong second quarter with a 41.6% increase in net revenue and a significant rise in operating income. The company's adjusted EBITDA also surpassed pre-pandemic levels, driven by unprecedented advertiser interest and growth across all platforms.

Urban One reported a decrease in net revenue by 3.6%, but experienced a significant turnaround with operating income and net income compared to the same period in 2020. The company's digital business showed strong growth, while core radio advertising saw improvements towards the end of the quarter.

Urban One reported a strong fourth quarter with a 7.3% increase in net revenue, significant growth in broadcast and digital operating income, and a substantial rise in net income compared to the same period in 2019. The company's performance was driven by record political advertising revenue and strong demand for digital and cable TV advertising inventory, combined with effective cost control measures.

Urban One reported a decrease in net revenue for Q3 2020, primarily due to the COVID-19 pandemic's impact on advertising and event revenues. However, the company's adjusted EBITDA increased due to strong performances in the TV, Digital, and Reach Media divisions.

Urban One, Inc. reported a decrease in net revenue by 37.5% compared to the same period in 2019, primarily due to the impact of the COVID-19 pandemic. Net income decreased to $1.4 million, or $0.03 per share. The company's TV and digital businesses performed better than radio and events.

Urban One reported a decrease in net revenue by 3.6% to $94.9 million compared to the same period in 2019. The company experienced an operating loss of $27.3 million, and a net loss of $23.2 million or $0.51 per share. Despite these losses, adjusted EBITDA increased to $32.3 million.

Urban One, Inc. reported a decrease in net revenue and a net loss for the fourth quarter of 2019. Net revenue was approximately $105.9 million, a decrease of 6.8% from the same period in 2018. The company reported a net loss of approximately $7.9 million, or $0.18 per share, compared to a net income of $116.9 million, or $2.62 per share, for the same period in 2018. Adjusted EBITDA was approximately $27.5 million for the quarter, compared to $35.3 million for the same period in 2018.