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Urban One Q2 Profit Climbs, Adj. EBITDA Down

December 07, 2023 — 07:07 am EST

Written by RTTNews.com for RTTNews->

(RTTNews) - Media company Urban One, Inc. (UONE) reported Thursday that its second-quarter net income attributable to stockholders surged to $70.37 million from last year's $16.29 million.

Earnings per share were $1.39, up from last year's $0.30.

Adjusted EBITDA, meanwhile, dropped to $37.50 million from $47.51 million a year ago.

Revenue for the quarter was $129.65 million, higher than prior year's $118.66 million.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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