URBAN ONE, INC. REPORTS YEAR END 2023 AND FIRST 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
and for the three months ended March 31, 2024 . For the year ended December 31, 2023 net revenue was approximately $477.7 million , a decrease of 1.4% from the same period in 2022. The Company reported operating loss of approximately $31.6 million for the year ended December 31, 2023 , compared to operating income of approximately $91.1 million for the year ended December 31, 2022 . Broadcast and digital operating income was approximately $168.4 million , a decrease of 16.5% from the same period in 2022. Net income was approximately $2.1 million or per share (basic) compared to $34.3 million or per share (basic) for the same period in 2022. Adjusted EBITDA was approximately $128.4 million for the year ended December 31, 2023 , compared to approximately $165.2 million for the same period in 2022. For the three months ended December 31, 2023 net revenue was approximately $120.3 million , a decrease of 9.2% from the same period in 2022. The Company reported operating income of approxim
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