STOCK TITAN

Urban One, Inc. Class D - UONEK STOCK NEWS

Welcome to our dedicated page for Urban One Class D news (Ticker: UONEK), a resource for investors and traders seeking the latest updates and insights on Urban One Class D stock.

Urban One Inc is an urban oriented, multi-media company. Its business is radio broadcasting franchise that is the radio broadcasting operation that targets African-American and urban listeners. It operates through the following segments: Radio Broadcasting, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes all the broadcasting related operations. The Reach Media segment consists of the Tom Joyner Morning Show and its related activities. The Digital segment focuses on its online business, including the operations of Interactive One. The Cable Television segment deals with TV One's operations.

Urban One Inc. (urban1.com), together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. The Company owns TV One, LLC (tvone.tv), a television network serving more than 59 million households, offering a broad range of original programming, classic series, and movies designed to entertain, inform, and inspire a diverse audience of adult Black viewers. As of June 07, 2024, we owned and/or operated 72 independently formatted, revenue-producing broadcast stations (including 57 FM or AM stations, 13 HD stations, and the 2 low power television stations) branded under the tradename 'Radio One' in 13 urban markets in the United States. Through its controlling interest in Reach Media, Inc. (blackamericaweb.com), the Company also operates syndicated programming including the Rickey Smiley Morning Show and the DL Hughley Show. In addition to its radio and television broadcast assets, Urban One owns iOne Digital (ionedigital.com), our wholly owned digital platform serving the African American community through social content, news, information, and entertainment websites, including its Cassius, Bossip, HipHopWired, and MadameNoire digital platforms and brands. We also have invested in a minority ownership interest in MGM National Harbor, a gaming resort located in Prince George's County, Maryland. Through our national multi-media operations, we provide advertisers with a unique and powerful delivery mechanism to the African American and urban audiences.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.07%
Tags
management
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.11%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.6%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.13%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
Tags
none
-
Rhea-AI Summary

Urban One, Inc. (NASDAQ: UONEK; UONE) will hold a conference call on May 05, 2022 at 10:00 a.m. EDT to discuss its first fiscal quarter of 2022 results. U.S. participants can call 1-877-226-8215, while international callers can reach (+1) 409-207-6982. A replay will be available from 2:00 p.m. EDT on May 05 until 12:00 a.m. EDT on May 09. Access to the call and the replay can also be found on Urban One's website at www.urban1.com.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.93%
Tags
none
Rhea-AI Summary

Urban One, Inc. (NASDAQ: UONEK and UONE) reported solid financial results for Q4 2021, with net revenue of approximately $131 million, a 15.3% increase year-over-year. However, operating income fell to about $22.4 million, down 35% from 2020. The company achieved a net income of $6.6 million, translating to $0.13 per share, a decline from $0.58 per share in the previous year. Adjusted EBITDA reached $32.5 million, down 22%. Digital revenues rose 42.9%, marking annual digital revenue exceeding $50 million for the first time, highlighting robust demand despite increases in operational expenses.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
none
-
Rhea-AI Summary

On February 26, 2022, TV One will air The Soul of the Nation Gospel Concert, celebrating Black History Month. The event, showcasing performances by top Gospel artists like Tamela Mann and JJ Hairston, will feature First Lady Jill Biden's remarks. Hosted by Juan Winans, it will air on February 27 at 7 pm EST across TV One's digital platform and YouTube. This year marks the first partnership between TV One and the White House for this event, aiming to uplift and connect audiences worldwide through music and dialogue.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
partnership
-
Rhea-AI Summary

Urban One, Inc. (NASDAQ: UONEK; UONE) will hold a conference call on March 03, 2022, at 10:00 a.m. EST to discuss its fiscal year results for 2021. U.S. participants can join by calling 1-877-226-8215, with an international line at (+1) 409-207-6982. A replay will be available from 1:00 p.m. EST on the same day until 12:00 a.m. EST on March 07, 2022. The replay can be accessed at 1-866-207-1041 for U.S. callers and (+1) 402-970-0847 for international calls. More information is available on Urban One's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
none
Rhea-AI Summary

Urban One has announced the promotion of Laura Clark to Senior Vice President of Political and Governmental Sales. With over eight years at Urban One, Clark has driven sales across various platforms, targeting the African American community. Her leadership is expected to enhance revenues as the company gears up for the 2022 midterm elections. Urban One, the largest African American-owned multimedia provider, operates numerous broadcast stations and digital platforms, serving over 59 million households in the U.S.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.51%
Tags
none

FAQ

What is the current stock price of Urban One Class D (UONEK)?

The current stock price of Urban One Class D (UONEK) is $1.1 as of November 7, 2024.

What is the market cap of Urban One Class D (UONEK)?

The market cap of Urban One Class D (UONEK) is approximately 53.2M.

What segments does Urban One operate through?

Urban One operates through Radio Broadcasting, Reach Media, Digital, and Cable Television segments.

What is the primary focus of Urban One's radio broadcasting franchise?

The radio broadcasting franchise targets African-American and urban listeners.

What are some of the subsidiaries of Urban One?

Subsidiaries include TV One, LLC, Reach Media, Inc., and iOne Digital.

What is the primary goal of Urban One's digital platform?

The digital platform serves the African American community through social content, news, information, and entertainment websites.

What sets Urban One apart in the media industry?

Urban One is a diversified media company that focuses on targeting Black Americans and urban consumers through various media platforms.

What recent achievements has Urban One reported?

Urban One reported net revenue of approximately $117.8 million for the quarter ended September 30, 2023, with an operating loss of approximately $56.1 million.

What is the financial performance of Urban One in recent years?

In the year ended December 31, 2023, Urban One reported net revenue of approximately $477.7 million, a decrease of 1.4% from the previous year.

What is the outlook for Urban One's financial performance?

Urban One reported Adjusted EBITDA of approximately $128.4 million for 2023, with optimistic expectations for political advertising revenues in the future.

How does Urban One engage with its audience?

Urban One provides a unique and powerful delivery mechanism to the African American and urban audiences through its national multi-media operations.

What recent challenges has Urban One faced?

Urban One received a second letter from Nasdaq regarding non-compliance with filing requirements, but is diligently working to resolve the issue.

Urban One, Inc. Class D

Nasdaq:UONEK

UONEK Rankings

UONEK Stock Data

53.17M
34.77M
55.63%
29.43%
0.09%
Broadcasting
Radio Broadcasting Stations
Link
United States of America
SILVER SPRING