Urban One: Q4 Earnings Snapshot

SILVER SPRING, Md. (AP) _ Urban One Inc. (UONEK) on Thursday reported fourth-quarter net income of $26.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Silver Spring, Maryland-based company said it had net income of 55 cents.

The broadcast media company that serves African-American and urban listeners posted revenue of $113.5 million in the period.

For the year, the company reported a loss of $8.1 million, or 18 cents per share, swinging to a loss in the period. Revenue was reported as $376.3 million.

The company’s shares closed at $1.92. A year ago, they were trading at $1.38.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UONEK at https://www.zacks.com/ap/UONEK

Copyright © 2021 . All rights reserved. This website is not intended for users located within the European Economic Area.

Comments

Sign up for breaking news alerts