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Excellent conduct by Urban One Inc. amid the second quarter of 2022 earnings season

Urban One Inc. announced second quarter of 2022 operating surplus of $23.835 millions

Published 2022-08-15T17:03:54-04:00
Goran Soko / CSIMarket.com Contributer

interview_By_Keith_Allison_[CC-BY-SA-2.0_(http_creativecommons.org_licenses_by-sa_2.0)]_via_Wikimedia_Commons Urban One Inc. confronted contraction in eps, in spite of Revenue elevation in the second quarter of 2022 earnings season, income fell by -15.15 % to $0.28 per share, while Revenue increased respectably by 10.425 % to $118.81 millions, from the comparable financial reporting period a year before.

From the previous financial reporting period, earnings per share decreased by -6.67 % from $0.30 per share and Revenues surged by 5.751 % from $112.35 millions.


Net income of $15.804 millions in the financial second quarter of 2022 fell by -14.47 % from $18.478 millions in the corresponding period a year before. Urban One Inc. shifted it's focus on improving sales in the financial second quarter of 2022, as a result net margin eased to 13.3%.
Operating earnings, fell -37.14% to $23.835 millions, squeezing Urban One Inc.'s operating margin to %.

Urban One Inc. is expected to report next financial recent numbers on November 03, 2022.


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Other UONE's Earnings Reports

Urban One reported first quarter 2022 earnings

Urban One reported fourth quarter 2021 earnings

Urban One reported third quarter 2021 earnings

       
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