Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 92

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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 market presence and purchasing power to negotiate favorable rates with certain vendors and national representative selling agencies. In addition to salaries and commissions, major expenses for our internet business include membership traffic acquisition costs, software product design, post-application software development and maintenance, database and server support costs, the help desk function, data center expenses connected with internet service provider (“ISP”) hosting services and other internet content delivery expenses. Major expenses for our Cable Television segment include content acquisition and amortization, sales, and marketing.

The Company generally incurs marketing and promotional expenses to increase and maintain our audiences. However, because Nielsen reports ratings either monthly or quarterly, depending on the particular market, any changed ratings and the effect on advertising revenue tends to lag behind both the reporting of the ratings and the incurrence of advertising and promotional expenditures.

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URBAN ONE, INC. AND SUBSIDIARIES

RESULTS OF OPERATIONS

The following table summarizes our historical unaudited condensed consolidated results of operations:

Three Months Ended September 30, 2025 Compared to Three Months Ended September 30, 2024 

Three Months Ended September 30, 20252024Change (In thousands)Net revenue$92,677$110,393$(17,716)(16.0)%Operating expenses:Programming and technical, excluding stock-based compensation34,70533,911794 2.3Selling, general and administrative, excluding stock-based compensation48,99353,466(4,473)(8.4)Stock-based compensation3651,152(787)(68.3)Depreciation and amortization6,1041,2384,866 *NMImpairment of goodwill and intangible assets—46,823(46,823)(100.0)Total operating expenses90,167136,590(46,423)(34.0)Operating income (loss)2,510(26,197)28,707*NMInterest and investment income5121,088(576)(52.9)Interest expense(9,448)(11,649)2,201 (18.9)Gain on retirement of debt2,1253,472(1,347)(38.8)Other income, net35974 285*NMLoss from operations before benefit from income taxes(3,942)(33,212)29,270 (88.1)Benefit from income taxes1,1211,814 (693)(38.2)Net loss from consolidated operations(2,821)(