Urban One, Inc.

Your conference will begin momentarily. Please continue to hold. © transcript Emily Beynon We'll be right back. Your conference will begin momentarily. Please continue to hold.

Ladies and gentlemen, thank you for standing by. And welcome to Urban One's year-end earnings call. At this time, all participants are in a listen-only mode. Later on, we will conduct a question and answer session, and instructions will be given at this time. During this conference call, Urban One will be sharing with you certain projections or other forward-looking statements regarding future events or its future performance. Urban One cautions you that certain factors, including risks and uncertainties, referred to in the 10-Ks, 10-Qs, and other reports it periodically files with the Securities and Exchange Commission could cause the company's actual results to differ materially from those indicated by its projections or forward-looking statements. This call will present information as of March 3, 2022. Please note that Urban One disclaims any duty to update any forward-looking statements made in the presentation. In this call, UrbanOne may also discuss some non-GAAP financial measures in talking about its performance. These measures will be reconciled to GAAP either during the course of the call or in the company's press release, which can be found on its website at www.urbanumeralone.com. A replay of the conference will be available from 12 p.m. Eastern, March 3, 2022 – until 1159 p.m. March 7, 2022. Callers may access the replay by calling 866-207-1041. To repeat the toll-free number, 866-207-1041. International callers may dial direct at 402- The replay access code will be 2519146. To repeat the access code, 2519146. Access to live audio and a replay of the conference will be available on Urban One's corporate website of www.urban1.com. The replay will be made available on the website for seven days after the call. No other recordings or copies of this call are authorized or may be relied upon. I'll now turn the call over to Alfred D. Liggins, Chief Executive Officer of Urban One, who is joined by Peter D. Thompson, Chief Financial Officer. Please go ahead, sir.

Thank you very much, Operator, and welcome to our fourth quarter results in the year-end conference call. Also joining Peter and I are Karen Wishart, who is our Chief Administrative Officer. Jody Drew is the Chief Financial Officer at TV1. And we have Christopher Simpson, our General Counsel, also on the call. And as the press release states, I'm very happy with our Q4 and most of all our full year performance. We had guided EBITDA to be 140 to 145. That guidance was up from 135 at the beginning of last year. And we were able to exceed that and come in at 150 and some change. So very proud of the team. across all of our platforms. They performed exceptionally well during COVID, and as we come out of COVID, they are continuing to accelerate that performance. The demand for our platform and our audience continues to be very strong, as I've stated. I expect this demand to continue for the foreseeable future. I do believe there has been a paradigm shift at how advertisers look at minority targeted and focused audiences, diversity and inclusion as it relates to ownership in media. The fact of the matter is it's always been a very logical business proposition that the audiences of Hispanic and African Americans are increasingly valuable as the country continues to grow in its minority presence. And now I think more and more advertisers are really putting their investments in those areas. And so we're very pleased that we've been a big beneficiary of that, having been in this space for over 40 years. So Peter is going to take you through the details of the numbers and the operations. There's a lot for him to say, a lot to unpack here. And then after that, we will go to Q&A. Peter? Thank you, Alfred.