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Dec 31, 2020
Urban One Q4 2020 Earnings Report
Urban One reported strong Q4 2020 results, driven by record political advertising and demand for digital and cable TV inventory, alongside ongoing cost controls.
Key Takeaways
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.
Net revenue increased by 7.3% to $113.5 million compared to Q4 2019.
Broadcast and digital operating income rose by 51.3% to $51.9 million year-over-year.
Net income was $26.4 million, a significant improvement from a net loss of $7.9 million in Q4 2019.
Adjusted EBITDA increased by 51% to $41.7 million compared to Q4 2019.
Historical Earnings Impact
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