secwatch.observer — SEC 8-K summary
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Issuer:     URBAN ONE, INC. (UONE)
CIK:        0001041657
Form:       8-K
Filed at:   2022-03-07T23:59:59+00:00
Accession:  0001558370-22-002951
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban One Q4 revenue up 15.3% to $131M; net income falls to $6.6M; board authorizes $25M share buyback
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- Net revenue $131.0M (+15.3% YoY); net income $6.6M ($0.13 basic EPS) vs $26.4M ($0.58) in Q4 2020.
- Adjusted EBITDA $32.5M vs $41.7M in Q4 2020; broadcast & digital operating income $44.1M (-14.9% YoY).
- Digital revenue up 42.9%, cable TV revenue up 43.6%; company expects to exceed pre-pandemic revenue in 2022.
- Board authorized $25M share repurchase (24 months) and $50M repurchase of 7.375% senior secured notes due 2028.
- Casino partner P2E selling interest to Churchill Downs; project subject to Virginia legislative process.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041657/000155837022002951/0001558370-22-002951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041657/000155837022002951/uone-20220303x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-002951

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer