NASDAQ$UONE

Urban One Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Second quarter results reported with revenue increase and adjusted EBITDA growth.

Urban One reported a 10.4% increase in net revenue, reaching $118.8 million, driven by growth in digital and cable television advertising. Operating income was $23.8 million, while net income was $15.0 million, or $0.30 per share. Adjusted EBITDA increased by 6.1% year-over-year to $47.5 million.

  • Net revenue increased by 10.4% compared to the same period in 2021.
  • Operating income was approximately $23.8 million.
  • Net income was approximately $15.0 million, or $0.30 per share (basic).
  • Adjusted EBITDA was approximately $47.5 million, an increase of 6.1% year-over-year.

Headline financials

Total Revenue

$119M

Previous: $108M+10.4%
EPS (adj)

$0.28

Previous: $0.33-15.2%
Broadcast & Digital Op. Income

$55.1M

Previous: $49.6M+11.2%
Adjusted EBITDA

$47.5M

Previous: $44.8M+6.1%
Capital Expenditures

-$3.87M

Previous: -$2.45M-57.7%
Free Cash Flow

$11.2M

Previous: $15.4M-27.6%
Net Income

$15M

Previous: $17.9M-15.9%
Operating Income

$23.8M

Previous: $37.9M-37.1%
Gross Profit

$90.3M

Previous: $81.1M+11.4%
Cash & Equivalents

$123M

Previous: $129M-4.9%
Total Assets

$1.25B

Previous: $1.24B+1.2%
Stock-Based Comp

$336K

Previous: $172K+95.3%

Revenue & EPS history

Urban One · Revenue · Quarterly

$119M

Q2 2022+10.4%vs Q2 2021
Beat estimate in 4 of 4 quarters(100%)
ActualEstimate

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

The company anticipates consolidated net revenues to grow in Q3, and they remain well positioned for political advertising later in the year.

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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