Company: UONE
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001041657-25-000034
Chunk: 80

Company: URBAN ONE, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 March 31, 2025Radio advertising$31,050$5,800$—$—$(633)$36,217Political advertising149—1——150Digital advertising——10,211——10,211Cable Television advertising———25,425—25,425Cable Television affiliate fees———18,717—18,717Event revenues & other1,41153—51—1,515Net revenue$32,610$5,853$10,212$44,193$(633)$92,235Three Months Ended March 31, 2024Radio advertising$33,754$8,382$—$—$(795)$41,341Political advertising1,1674822——1,237Digital advertising(1)——12,167——12,167Cable Television advertising(1)———27,144—27,144Cable Television affiliate fees———20,787—20,787Event revenues & other1,43042—731891,734Net revenue$36,351$8,472$12,189$48,004$(606)$104,410(1) Effective January 1, 2025, segment information for the prior periods has been recast in this Quarterly Report on Form 10-Q to include reclassification of a portion of revenues from our CTV offering from the Digital segment to the Cable Television segment. 

Contract Assets and Liabilities Contract assets and contract liabilities that are not separately stated in the Company’s condensed consolidated balance sheets as of March 31, 2025, and December 31, 2024 were as follows:March 31, 2025December 31, 2024(In thousands)Contract assets:Unbilled receivables$4,051 $5,969 Total barter receivables1,959 2,101 Contract liabilities:Customer advances and unearned income$2,499 $2,200 Reserve for audience deficiency19,467 22,383 Unearned event income2,292 1,152 Total deferred barter revenue1,959 2,101 

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Unbilled receivables consist of earned revenue that has not yet been billed. Contract assets are included in trade accounts receivable, net on the condensed consolidated balance sheets. Customer advances and unearned income represent advance payments by customers for future services under contract that are generally fulfilled in the near term. For advertising sold based on audience guarantees, audience deficiency typically