Urban One Q3 revenue up 8.9% to $121.4M; raises FY22 Adjusted EBITDA guidance to mid-$160Ms

URBAN ONE, INC.

2022-Q3 EPS reported $0.67 revenue$352,562,000

Net revenue $121.4M (+8.9% YoY); net income $4.2M ($0.09 basic EPS) vs $13.9M ($0.27) in Q3 2021.
Adjusted EBITDA $44.3M vs $42.7M; FY22 guidance raised to mid-$160Ms from prior $145-150M.
Recorded $14.45M impairment of long-lived assets in Q3; $31.38M YTD.
Used $18.3M of $25M debt repurchase authorization in Q4; $6.7M remaining.
Political ad revenue expected $12-13M; digital segment revenue and EBITDA up ~40%.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

URBAN ONE, INC. reported the quarter ended September 30, 2022 results: revenue $121.4 million, net income $4.2 million, EPS $0.09 per share (basic).

Period: the quarter ended September 30, 2022
Revenue: $121.4 million
Net income: $4.2 million
EPS: $0.09 per share (basic)
Result: reported results

Exact text from the filing

QUARTER RESULTS Washington, DC : - Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended September 30, 2022. Net revenue was approximately $121.4 million, an increase of 8.9% from the same period in 2021. The Company reported operating income of approximately $19.0 million for the three months ended September 30, 2022, compared to

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Source: SEC EDGAR

accession 0001558370-22-016641

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