How did UONEK's Q3 2023 earnings compare to previous quarters?

Urban One D's (UONEK) Q3 2023 earnings were notably worse compared to the previous quarters in fiscal 2023. Here's a detailed comparison: 1. **Net Income**: The net income in Q3 2023 was -$53.71 million, which is a significant decline from the previous quarter's net income of $71.16 million in Q2 2023. This indicates a substantial deterioration in profitability. 2. **Revenue**: Although the total revenue in Q3 2023 was $117.83 million, it was lower than the revenue of $129.65 million recorded in Q2 2023. However, the more concerning aspect is the negative revenue growth rate of -2.67% in Q3 2023 compared to the previous quarter. 3. **Diluted EPS**: The diluted earnings per share (EPS) in Q3 2023 was -$1.14, whereas the previous quarter's diluted EPS was $1.39. This reflects a sharp decline in earnings per share, indicating reduced profitability and earnings strength. |code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code| |---|---|---|---|---|---|---|---| |UONEK|UONEK.O|Urban One D|2022 Q4|1.32566E8|-1144000||186| |UONEK|UONEK.O|Urban One D|2023 Q1|1.09869E8|-2411000|-0.06|186| |UONEK|UONEK.O|Urban One D|2023 Q2|1.29652E8|7.1157E7|1.39|186| |UONEK|UONEK.O|Urban One D|2023 Q3|1.17825E8|-5.3714E7|-1.14|186| |code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code| |---|---|---|---|---|---|---|---| |UONEK|UONEK.O|Urban One D|2022 Q4|-120.02801120448179|2.139626624752483||186| |UONEK|UONEK.O|Urban One D|2023 Q1|-114.08788126679912|-2.017283356074591|-120|186| |UONEK|UONEK.O|Urban One D|2023 Q2|319.9539660056657|9.266204269448917|363.33333333333326|186| |UONEK|UONEK.O|Urban One D|2023 Q3|-1533.9028296849972|-2.824742268041237|-1728.5714285714284|186| |code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code| |---|---|---|---|---|---|---|---| |UONEK|UONEK.O|Urban One D|2022 Q3|1.2125E8|3746000|0.07|186| |UONEK|UONEK.O|Urban One D|2022 Q4|1.32566E8|-1144000||186| |UONEK|UONEK.O|Urban One D|2023 Q1|1.09869E8|-2411000|-0.06|186| |UONEK|UONEK.O|Urban One D|2023 Q2|1.29652E8|7.1157E7|1.39|186| |code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code| |---|---|---|---|---|---|---|---| |UONEK|UONEK.O|Urban One D|2022 Q3|-74.08509166378416|8.780492181261943|-72|186| |UONEK|UONEK.O|Urban One D|2022 Q4|-120.02801120448179|2.139626624752483||186| |UONEK|UONEK.O|Urban One D|2023 Q1|-114.08788126679912|-2.017283356074591|-120|186| |UONEK|UONEK.O|Urban One D|2023 Q2|319.9539660056657|9.266204269448917|363.33333333333326|186|