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Dec 31, 2021
Urban One Q4 2021 Earnings Report
Urban One reported a revenue increase but a decrease in operating and net income for Q4 2021.
Key Takeaways
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.
Net revenue increased by 15.3% compared to the same period in 2020, reaching approximately $131.0 million.
Operating income decreased to approximately $22.4 million, compared to $34.5 million in the same period of 2020.
Net income was approximately $6.6 million, or $0.13 per share, compared to $26.4 million, or $0.58 per share, for the same period in 2020.
Digital revenues were up 42.9%, and the company exceeded $50 million in annual digital revenue for the first time.
Forward Guidance
The company expects to continue to exceed pre-pandemic revenues and Adjusted EBITDA in 2022, supported by first quarter 2022 core radio pacings up low double digits, and up mid-teens including digital revenues.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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