Urban One Inc (OQ:UONEK)
Business Focus: Broadcasting
| Sector: Consumer Cyclicals | Industry: Broadcasting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1010 Wayne Ave Fl 14 SILVER SPRING MD 20910-5600 |
| Tel: | N/A |
| Website: | https://urban1.com |
| IR: | See website |
| Key People | ||
| Catherine L. Hughes Chairman of the Board, Secretary | Alfred C Liggins President, Chief Executive Officer, Treasurer, Director | Peter Duncan Thompson Chief Financial Officer, Executive Vice President | Karen Wishart Executive Vice President, Chief Administrative Officer, Assistant Secretary |
| Business Overview |
| Urban One, Inc. is an urban-oriented, multi-media company. The Company's core business is its radio broadcasting franchise, which is a radio broadcasting operation that primarily targets African American and urban listeners. The Company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment consists of all broadcast results of operations. The Reach Media segment consists of the results of operations for the related activities and operations of its syndicated shows. The Digital segment includes the results of its online business, including the operations of Interactive One, as well as the digital components of its other segments. The Cable Television segment consists of the Company's cable television (TV) operation, including the results of operations of TV One and CLEO TV. The Company owns and/or operates over 66 independently formatted broadcast stations located in 13 African American markets in the United States. |
| Financial Overview |
| For the nine months ended 30 September 2023, Urban One Inc revenues increased 2% to $357.3M. Net income decreased 64% to $13M. Revenues reflect Reach Media segment increase of 35% to $42.1M, Radio Broadcasting segment increase of 5% to $114.5M. Net income was offset by Radio Broadcasting segment loss increase from $543K to $100.1M, Cable Television segment income decrease of 19% to $65M, Digital segment income decrease of 15% to $16M. |
| Employees: | 881 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $597.76M as of Sep 30, 2023 |
| Annual revenue (TTM): | $489.39M as of Sep 30, 2023 |
| EBITDA (TTM): | $173.59M as of Sep 30, 2023 |
| Net annual income (TTM): | $14.75M as of Sep 30, 2023 |
| Free cash flow (TTM): | $48.69M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $519.91M as of Sep 30, 2023 |
| Shares outstanding: | 48,877,016 as of Dec 18, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.