URBAN ONE, INC. REPORTS THIRD QUARTER 2024 RESULTS [Yahoo! Finance]
Urban One, Inc. - Class D (UONEK)
US:NASDAQ Investor Relations:
urban1.com/urban-one-investor-relations
Company Research
Source: Yahoo! Finance
September 30, 2024 . For the three months ended September 30, 2024 , net revenues were approximately .4 million, a decrease of 6.3% from the same period in 2023. The Company reported operating loss of approximately .2 million for the three months ended September 30, 2024 , compared to operating loss of approximately .1 million for the three months ended September 30, 2023 . Broadcast and digital operating income was approximately .4 million, a decrease of 19.2% from the same period in 2023. Net loss was approximately .8 million or per share (basic) compared to net loss of .4 million or per share (basic) for the same period in 2023. Adjusted EBITDA was approximately .4 million for the three months ended September 30, 2024 , compared to approximately .7 million for the same period in 2023. Alfred C. Liggins, III , Urban One's CEO and President stated, "On a same station basis our radio division finished Q3 -7.7% excluding political, and -3.6% with political. We saw a strong uptick in
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