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Mar 31, 2022
Urban One Q1 2022 Earnings Report
Reported first quarter results with revenue and profitability growth.
Key Takeaways
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.
Net revenue increased by 22.9% year-over-year to $112.3 million.
Operating income grew to $36.5 million, compared to $23.8 million in the prior year.
Net income attributable to common stockholders was $16.4 million, or $0.32 per share.
Adjusted EBITDA increased by 38.9% year-over-year to $42.0 million.
Forward Guidance
Second quarter core radio advertising is pacing up mid-single digits.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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