Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 140

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 140
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 based on the metrics described above:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(In thousands)(In thousands)Net revenue$91,631 $117,744 $183,866 $222,154 Broadcast and digital operating income25,664 34,196 48,680 66,210 Adjusted EBITDA(a)13,960 28,922 26,817 51,179 Net loss to common stockholders(77,902)(45,431)(89,644)(37,938)

(a)In 2024, we made an immaterial change to the definition of Adjusted EBITDA by adding back the loss from ceased non-core operations. All historical periods were recast to reflect this immaterial change.

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Table of Contents

The reconciliation of net loss attributable to common stockholders to broadcast and digital operating income is as follows:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(In thousands)(In thousands)Net loss to common stockholders$(77,902)$(45,431)$(89,644)$(37,938)Add back/(deduct) certain non-broadcast and digital operating income items included in net loss:Interest and investment income(616)(1,777)(1,582)(3,775)Interest expense9,704 12,404 20,628 25,402 Benefit from income taxes(21,382)(18,512)(5,724)(16,010)Corporate selling, general and administrative, excluding stock-based compensation12,173 9,787 23,657 25,679 Stock-based compensation574 1,079 1,250 2,463 Gain on retirement of debt(30,297)(7,425)(41,884)(15,299)Other income, net(124)(14)(316)(900)Loss from unconsolidated joint venture— — — 411 Depreciation and amortization3,523 2,993 5,838 4,843 Net (loss) income attributable to non-controlling interests(67)334 (64)576 Impairment of goodwill and intangible assets130,078 80,758 136,521 80,758 Broadcast and digital operating income$25,664 $34,196 $48,680 $66,210