Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 12

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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Stock-based compensation expense was approximately $1.6 million for the nine months ended September 30, 2025, compared to approximately $3.6 million for the nine months ended September 30, 2024, a decrease of approximately $2.0 million. The decrease in stock-based compensation was primarily due to no executive grants during 2025.

Depreciation And Amortization

Nine Months Ended September 30,Change20252024$11,942$6,081$5,861 96.4%

Depreciation and amortization expense was approximately $11.9 million for the nine months ended September 30, 2025, compared to approximately $6.1 million for the nine months ended September 30, 2024, an increase of approximately $5.9 million driven mainly by the additional TV One Trade Name and radio broadcasting license amortization of approximately $7.0 million as described in Note 8 – Goodwill and Other Intangible Assets of the Company’s unaudited condensed consolidated financial statements for the nine months ended September 30, 2025, offset by lower depreciation expense for property and equipment. 

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Impairment of Goodwill And Intangible Assets

Nine Months Ended September 30,Change20252024$136,521$127,581$8,940 7.0%

Impairment of goodwill and intangible assets was approximately $136.5 million during the nine months ended September 30, 2025, compared to approximately $127.6 million for the nine months ended September 30, 2024. See Note 8 – Goodwill and Other Intangible Assets of the Company’s unaudited condensed consolidated financial statements for further discussion.

Interest And Investment Income

Nine Months Ended September 30,Change20252024$2,094$4,863$(2,769)(56.9)%

Interest income was approximately $2.1 million for the nine months ended September 30, 2025, compared to approximately $4.9 million for the nine months ended September 30, 2024. The decrease was driven by lower cash and cash equivalents balances during the nine months ended September 30, 2025, than in the corresponding period in 2024.

Interest Expense

Nine Months Ended September 30,Change20252024$(30,076)$(37,051)$6,975 (18.8)