Welcome to our dedicated page for Urban One news (Ticker: UONE), a resource for investors and traders seeking the latest updates and insights on Urban One stock.
Urban One, Inc. (UONE) is a leading multimedia company delivering culturally resonant content to Black American and urban audiences through radio, television, and digital platforms. This page provides investors and stakeholders with a centralized hub for all official announcements, financial updates, and strategic developments.
Access timely earnings reports, partnership announcements, and programming initiatives that reflect Urban One’s role in shaping media narratives. Track updates across its four core segments: Radio Broadcasting, Reach Media syndication, digital platforms like iOne Digital, and Cable Television operations including TV One.
This resource eliminates the need to scour multiple sources by aggregating verified news about leadership changes, content expansions, and market strategies. Discover how Urban One continues to innovate in urban media while maintaining its 35-year legacy of cultural advocacy.
Bookmark this page for streamlined access to press releases and articles that matter most to UONE investors. Check back regularly for insights into the company’s evolving multimedia ecosystem and its impact on the communities it serves.
Urban One Inc. has partnered with Sounder to conduct research aimed at enhancing brand safety technologies for BIPOC audio content. This initiative will analyze Urban One’s diverse audio offerings and develop solutions that allow advertisers to more confidently sponsor such content. The partnership seeks to address the inadequacies in current ad technology that often misclassifies and restricts Black audio content. As podcasting grows, with over 160 million listeners anticipated this year, the collaboration aims to ensure equitable monetization opportunities for diverse creators, thereby fostering a more inclusive audio advertising ecosystem.
Urban One, Inc. reported Q3 2022 net revenue of approximately $121.4 million, an 8.9% year-over-year increase. Operating income fell to about $19.0 million, down from $34.5 million in Q3 2021, with net income at $4.2 million or $0.09 per share, compared to $13.9 million or $0.27 the previous year. Adjusted EBITDA rose to $44.3 million. CEO Alfred C. Liggins, III highlighted strong recovery in radio advertising and a successful digital segment, projecting a double-digit revenue increase for Q4 2022, aided by political ad spending.
Urban One has announced a partnership with comedian Amanda Seales to launch her new syndicated radio show, The Amanda Seales Show, premiering on November 7 on WRNB 100.3 FM Philadelphia. The show will focus on serious topics with humor, aiming to engage and empower audiences. Reach Media's CEO, David Kantor, expressed excitement about this fresh female-hosted show. Urban One is a diversified media company mainly targeting Black Americans, owning multiple broadcast stations and digital platforms.
Urban One, Inc. (NASDAQ: UONE; UONEK) will hold a conference call on November 03, 2022, at 10:00 a.m. EDT to discuss its third fiscal quarter results. U.S. participants can dial 1-877-226-8216, while international callers can reach (+1) 409-207-6983. A replay will be available from 1:00 p.m. EDT on November 03 until 11:55 p.m. EST on November 06. The call will also be accessible on Urban One's corporate website, providing insights into the company's performance and future projections.
Urban One announced the appointment of Danielle Brown as Vice President of Cross Platform Client Services within its iOne Digital division. With extensive experience from BET/ViacomCBS and ESSENCE Communications, Brown will focus on growing long-term client relationships. Chief Revenue Officer Tiffany Nasralla highlighted Brown's reputation for exceeding sales targets and fostering partnerships, aiming to enhance brand growth and community service opportunities. As the largest media company targeting Black Americans, Urban One continues to strengthen its leadership to better serve its audience.
Urban One has appointed Tony Robinson as Vice President of Corporate Communications. With 30 years of experience in radio and public affairs, Robinson will enhance internal and external communications across the company's platforms. Reporting to Chief Administrative Officer Karen Wishart, he aims to strategically improve messaging for diverse audiences. Robinson founded Robinson Public Affairs, LLC, and held significant roles in public relations for various governmental and educational institutions.
Urban One, Inc. (NASDAQ: UONEK and UONE) reported Q2 2022 net revenue of $118.8 million, a 10.4% increase YoY. Operating income was $23.8 million, down from $37.9 million in Q2 2021. Broadcast and digital income rose by 11.2% to $55.1 million. Net income stood at $15.0 million or $0.30 per share, compared to $17.9 million or $0.36 per share last year. Adjusted EBITDA reached $47.5 million, reflecting a 6.1% annual growth. Despite a projected slowdown in core radio, the company anticipates continued revenue growth and remains committed to reducing leverage.
Urban One, Inc. will hold a conference call on August 9, 2022, at 5:30 p.m. EDT, to discuss its second fiscal quarter results. Participants can join via phone, using the toll-free number for U.S. callers or a direct number for international callers. A replay will be accessible from 8:30 p.m. EDT on the same day until 12:00 a.m. EDT on August 12, 2022. The replay can be accessed through specific phone numbers and also on Urban One's corporate website for seven days following the call.
Urban One, Inc. (NASDAQ: UONEK; UONE) announced a definitive asset purchase agreement with Emmis Communications to acquire its Indianapolis Radio Cluster, which includes stations WYXB, WLHK, WIBC, and others. The acquisition is deemed accretive and expected to enhance Urban One's portfolio. In preparation, Urban One plans to divest its WHHH station. Both transactions require FCC approval, anticipated to close in Q3 2022. Urban One operates the largest media company targeting Black Americans in the U.S., with significant assets in radio, television, and digital platforms.
Urban One reported Q1 2022 results showing net revenue of $112.3 million, a 22.9% increase year-over-year. Operating income rose to $36.5 million, compared to $23.8 million in Q1 2021. The company achieved a net income of $16.4 million or $0.32 per share, up from $7,000 the previous year. Adjusted EBITDA also increased to $42.0 million, a 38.9% growth from Q1 2021. Digital revenues surged by 49.5%, and cable TV advertising rose by 46.9%. The company maintains a cash balance of $166.4 million and reduced net leverage to 4.07x.
