Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 29

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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2024. For unearned event income as of January 1, 2024, $4.9 million was recognized as revenue during the six months ended June 30, 2024.

4. EARNINGS PER SHAREBasic and diluted earnings per share (“EPS”) attributable to common stockholders is presented in conformity with the two-class method required for participating securities: Class A, Class B, Class C and Class D common stock. The rights of the holders of Class A, Class B, Class C and Class D common stock are identical, except with respect to voting, conversion, and transfer rights.The undistributed earnings or losses are allocated based on the contractual participation rights of Class A, Class B, Class C and Class D common shares as if the earnings or losses for the year have been distributed. As the liquidation and dividend rights are identical, the undistributed earnings or losses are allocated on a proportionate basis, and as such, diluted and basic earnings per share is the same for each class of common stock under the two-class method.

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Table of Contents

The following table sets forth the calculation of basic and diluted earnings per share from continuing operations:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(In thousands, except per share data)Numerator:Net loss attributable to Class A, Class B, Class C and Class D stockholders$(77,902)$(45,431)$(89,644)$(37,938)Denominator:  Denominator for basic net loss per share - weighted average outstanding shares44,738,306 48,483,639 44,768,280 48,434,513 Effect of dilutive securities:  Stock options and restricted stock— — — — Denominator for diluted net loss per share - weighted-average outstanding shares44,738,306 48,483,639 44,768,280 48,434,513 Net loss attributable to Class A, Class B, Class C and Class D stockholders per share – basic$(1.74)$(0.94)$(2.00)$(0.78)Net loss attributable to Class A, Class B, Class C and Class D stockholders per share – diluted$(1.74)$(0.94)$(2.00)$(0.78)For the three and six months ended June 30, 2025, there were approximately 6.1 million and