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.

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UONEK Total Revenue, Net Income...