NASDAQ$UONE

Urban One Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported a decrease in revenue but an increase in operating income and net income compared to the same period last year.

Urban One reported a decrease in net revenue by 3.6%, but experienced a significant turnaround with operating income and net income compared to the same period in 2020. The company's digital business showed strong growth, while core radio advertising saw improvements towards the end of the quarter.

  • Net revenue decreased by 3.6% year-over-year to $91.4 million.
  • Operating income was $23.8 million, a significant improvement from an operating loss of $27.3 million in the same period last year.
  • Net income was $7,000 or $0.00 per share, compared to a net loss of $23.2 million or $0.51 per share in the same period last year.
  • Digital business revenues increased by 64.6%.

Headline financials

Total Revenue

$91.4M

Previous: $94.9M-3.6%
EPS (adj)

$0.14

Previous: $0.67-79.1%
Broadcast & Digital Op. Income

$36.4M

Previous: $37.6M-3.3%
Adjusted EBITDA

$28.8M

Previous: $32.3M-10.6%
Capital Expenditures

-$804K

Previous: -$1.43M+43.8%
Free Cash Flow

-$797K

Previous: -$24.6M+96.8%
Net Income

$7K

Previous: -$23.2M+100.0%
Operating Income

$23.8M

Previous: -$27.3M+187.1%
Cash & Equivalents

$56.8M

Previous: $65.9M-13.8%
Total Assets

$1.17B

Previous: $1.22B-4.5%

Revenue & EPS history

Urban One · Revenue · Quarterly

$91.4M

Q1 2021-3.6%vs Q1 2020

Revenue by segment

Urban One · $111M total across 4 segments · Q1 2023

  • Cable Television
    $49.7M
  • Radio Broadcasting
    $35.2M
  • Digital
    $15.1M
  • Reach Media
    $10.9M

Forward guidance

Urban One anticipates further sequential improvements in Q2.

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 2021

Historical avgQ1 2021

+0.2%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+44.5%

Avg return

30 days after

44%

29 / 66 earnings

Positive

+31.9%

Q4 2014

Best reaction

-23.4%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-11.9%-13.7%
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 2011-0.9%
Q1 2012-0.9%
Q2 2011+5.8%
Q4 2009+5.8%
Q4 2011+5.8%
Q3 2010-2.3%
Q3 2011-2.3%
Q2 2010+4.5%
Q4 2010+4.5%
Q1 2010-5.4%

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