Urban One, Inc. Reports Fourth Quarter Net Income of $1.65 Million
Company's Revenue Reaches $132.57 Million in the Fourth Quarter
Urban One, Inc.(UONEK), a leading multimedia c ompany, has released its financial results for the fourth quarter ended December 31, 2022. The company reported a net income of $1.65 million for the quarter, accompanied by a robust revenue of $132.57 million. These results highlight Urban One's continued growth and success in the media industry.
Strong Revenue Performance
Urban One's net revenue for the fourth quarter reached an impressive $132.57 million, demonstrating a steady increase compared to the same period in the previous year. In the fourth quarter of 2021, the company's net revenue stood at $130.48 million. This growth can be attributed to Urban One's diverse portfolio of media assets, which includes radio broadcasting, digital platforms, and cable television networks.
Net Income Performance
