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Dec 31, 2019
Urban One Q4 2019 Earnings Report
Reported a net revenue decrease and a net loss, impacted by political comps and impairment charges.
Key Takeaways
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.
Net revenue decreased by 6.8% to $105.9 million compared to the same period in 2018.
Broadcast and digital operating income decreased to $34.3 million from $44.6 million in 2018.
The company reported an operating income of $12.1 million, compared to $9.4 million for the same period in 2018.
Net loss was approximately $7.9 million or $0.18 per share compared to net income of approximately $116.9 million or $2.62 per share for the same period in 2018.
Revenue by Segment
Historical Earnings Impact
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