Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 98

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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Interest and investment income2,0944,863(2,769)(56.9)Interest expense(30,076)(37,051)6,975(18.8)Gain on retirement of debt44,00918,77125,238 *NMOther income, net675974(299)(30.7)Loss from operations before benefit from income taxes(99,374)(86,173)(13,201)15.3 Benefit from income taxes6,845 17,824 (10,979)(61.6)Net loss from consolidated operations(92,529)(68,349)(24,180)35.4 Loss from unconsolidated joint venture—(411)411(100.0)Net loss(92,529)(68,760)(23,769)34.6 Net (loss) income attributable to non-controlling interests(55)976(1,031)*NMNet loss attributable to common stockholders$(92,474)$(69,736)$(22,738)32.6%

42

Net Revenue

Nine Months Ended September 30,Change20252024$276,543$332,547$(56,004)(16.8)%

During the nine months ended September 30, 2025, we recognized approximately $276.5 million in net revenue compared to approximately $332.5 million during the nine months ended September 30, 2024. These amounts are net of agency and outside sales representative commissions. We recognized approximately $104.0 million of revenue from our Radio Broadcasting segment during the nine months ended September 30, 2025, compared to approximately $118.1 million during the nine months ended September 30, 2024, a decrease of approximately $14.1 million. This decrease was primarily driven by weaker overall market demand from the national and local advertisers, non-returning political revenues, and loss of streaming revenue. We recognized approximately $17.3 million of revenue from our Reach Media segment during the nine months ended September 30, 2025, compared to approximately $37.6 million for the nine months ended September 30, 2024, a decrease of approximately $20.3 million. The decrease was primarily driven by the Fantastic Voyage sailing in Q2 2024, versus its October scheduling in 2025 coupled with a decrease in national sales. We recognized approximately $33.2 million of revenue from