NASDAQ$UONE
Urban One Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported mixed results with revenue increase offset by higher operating expenses and impairment charges.
Urban One reported an increase in net revenue for the second quarter of 2023, driven by growth in radio advertising and event revenues, particularly from the return of Tom Joyner's Fantastic Voyage, but was offset by higher operating expenses and impairment charges, resulting in a net income attributable to common stockholders of $70.4 million, or $1.48 per share.
- Net revenue increased by 9.3% to $129.7 million compared to Q2 2022.
- Net income attributable to common stockholders was $70.4 million, or $1.48 per share (basic).
- The return of Tom Joyner’s Fantastic Voyage in Q2 helped boost revenues at Reach Media.
- The Company recorded a non-cash impairment charge of approximately $22.1 million for its radio broadcasting licenses primarily in its Philadelphia market.
Headline financials
Revenue & EPS history
Urban One · Revenue · Quarterly
$130M
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 reaffirmed its prior guidance of Adjusted EBITDA in the range of $125-128 million.
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 2023
+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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