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Jun 30, 2022
Urban One Q2 2022 Earnings Report
Second quarter results reported with revenue increase and adjusted EBITDA growth.
Key Takeaways
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.
Net revenue increased by 10.4% compared to the same period in 2021.
Operating income was approximately $23.8 million.
Net income was approximately $15.0 million, or $0.30 per share (basic).
Adjusted EBITDA was approximately $47.5 million, an increase of 6.1% year-over-year.
Forward Guidance
The company anticipates consolidated net revenues to grow in Q3, and they remain well positioned for political advertising later in the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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