NASDAQ$UONE
Urban One Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reported a decrease in revenue and an operating loss due to the impact of COVID-19.
Urban One reported a decrease in net revenue by 3.6% to $94.9 million compared to the same period in 2019. The company experienced an operating loss of $27.3 million, and a net loss of $23.2 million or $0.51 per share. Despite these losses, adjusted EBITDA increased to $32.3 million.
- Net revenue decreased by 3.6% year-over-year to $94.9 million.
- The company reported an operating loss of $27.3 million compared to an operating income of $14.8 million in the same period last year.
- Net loss was $23.2 million, or $0.51 per share, compared to a net loss of $3.1 million, or $0.07 per share in the prior year.
- Adjusted EBITDA increased to $32.3 million from $27.7 million in the same period last year.
Headline financials
Revenue & EPS history
Urban One · Revenue · Quarterly
$94.9M
Revenue by segment
Urban One · $111M total across 4 segments · Q1 2023
- Cable Television$49.7M—44.8%
- Radio Broadcasting$35.2M—31.7%
- Digital$15.1M—13.6%
- Reach Media$10.9M—9.8%
Forward guidance
The company expects TV segment to deliver incremental EBITDA to help offset some of the declines in radio. Liquidity remains strong, and company believes they have seen a floor in the revenue declines.
Tailwinds
- Strong ratings in TV segment.
- Deferred programming and marketing expenses.
- Other cost cuts.
- Diverse mix of assets will help through this crisis.
- Expect the TV segment to deliver incremental EBITDA to help offset some of the declines in radio.
Headwinds
- Radio advertising for April was down 58.3%
- Q2 is pacing -57.3%
- Both local and national advertising is impacted by broadly similar percentages.
- Forced to reduce fixed costs by means of furloughs, layoffs, significant salary cuts, and reduction of all discretionary expenditure.
- COVID-19 outbreak has caused the postponement of our 2020 Tom Joyner Foundation Fantastic Voyage cruise and impaired ticket sales and/or caused the postponement of other tent pole special events.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
+0.2%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+43.1%
Avg return
30 days after
44%
29 / 66 earnings
Positive
+31.9%
Q4 2014
Best reaction
-23.4%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -11.9% | -13.7% | -11.9% | |
| Q4 2025 | -2.3% | -19.4% | -11.8% | |
| Q2 2025 | -3.0% | -3.6% | -17.3% | |
| Q1 2025 | -3.0% | +2.4% | -3.6% | |
| Q4 2024 | +1.4% | -2.1% | -3.4% | |
| Q3 2024 | -15.1% | -9.6% | +1.2% | |
| Q3 2025 | +0.8% | +14.5% | +7.6% | |
| Q2 2024 | +7.1% | +7.1% | +4.1% | |
| Q4 2023 | +20.3% | +2.4% | -17.5% | |
| Q1 2024 | +20.3% | +2.4% | -17.5% | |
| Q3 2023 | +2.3% | +4.8% | -9.8% | |
| Q2 2023 | -0.5% | +2.0% | +1.2% | |
| Q1 2023 | +1.4% | +1.8% | -5.8% | |
| Q4 2022 | -0.5% | -3.6% | -5.3% | |
| Q3 2022 | +2.8% | +2.8% | -10.1% | |
| Q2 2022 | +12.7% | +21.3% | +4.8% | |
| Q1 2022 | +15.2% | +13.4% | +47.9% | |
| Q4 2021 | +5.8% | -2.4% | +19.6% | |
| Q3 2021 | -14.3% | -14.2% | -40.8% | |
| Q2 2021 | +6.0% | +17.0% | +16.7% | |
| Q1 2021 | +11.5% | +18.0% | +347.4% | |
| Q4 2020 | -1.5% | -8.4% | -16.8% | |
| Q3 2020 | -4.7% | +4.2% | +0.0% | |
| Q2 2020 | -9.2% | -8.5% | -71.1% | |
| Q1 2020 | +4.8% | +4.8% | +1560.0% | |
| Q4 2019 | -23.4% | -18.8% | -20.1% | |
| Q3 2019 | +1.8% | -0.9% | -4.6% | |
| Q2 2019 | -9.1% | -10.4% | -19.5% | |
| Q1 2019 | -16.5% | -12.1% | -12.9% | |
| Q4 2018 | -0.4% | -3.6% | -5.8% | |
| Q3 2018 | -11.6% | -8.9% | -25.2% | |
| Q2 2018 | +0.0% | -5.7% | -13.2% | |
| Q1 2018 | -6.7% | -6.7% | +50.3% | |
| Q4 2017 | +5.4% | +6.5% | +5.4% | |
| Q3 2017 | -3.2% | -6.5% | -5.8% | |
| Q2 2017 | +0.0% | -2.7% | -8.1% | |
| Q1 2017 | -15.4% | -15.4% | -40.0% | |
| Q4 2016 | -3.8% | +5.8% | +17.3% | |
| Q3 2016 | -1.7% | +17.5% | +23.9% | |
| Q2 2016 | +11.9% | +6.4% | +15.6% | |
| Q1 2016 | +12.5% | — | — | |
| Q4 2015 | -10.9% | — | — | |
| Q3 2015 | -1.9% | — | — | |
| Q2 2015 | +16.7% | — | — | |
| Q1 2015 | -6.9% | — | — | |
| Q4 2014 | +31.9% | — | — | |
| Q3 2014 | -10.0% | — | — | |
| Q2 2014 | -20.6% | — | — | |
| Q1 2014 | -10.8% | — | — | |
| Q4 2013 | -1.9% | — | — | |
| Q3 2013 | +4.1% | — | — | |
| Q2 2013 | +2.0% | — | — | |
| Q1 2013 | +26.5% | — | — | |
| Q2 2012 | -0.6% | — | — | |
| Q4 2012 | -8.2% | — | — | |
| Q3 2012 | +1.1% | — | — | |
| Q1 2012 | -0.9% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q2 2011 | +5.8% | — | — | |
| Q4 2009 | +5.8% | — | — | |
| Q4 2011 | +5.8% | — | — | |
| Q3 2011 | -2.3% | — | — | |
| Q3 2010 | -2.3% | — | — | |
| Q2 2010 | +4.5% | — | — | |
| Q4 2010 | +4.5% | — | — | |
| Q1 2010 | -5.4% | — | — |
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