Company: UONE
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001041657-25-000034
Chunk: 137

Company: URBAN ONE, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 137
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, general and administrative expenses for the Radio Broadcasting segment and Digital segment include expenses related to the advertising traffic (scheduling and insertion) functions. Selling, general and administrative expenses also include membership traffic acquisition costs for our online business. Selling, general and administrative expenses were approximately $50.1 million for the three months ended March 31, 2025, compared to approximately $55.6 million for the three months ended March 31, 2024, a decrease of approximately $5.5 million. This decrease was mainly driven by the decreases in our Cable Television segment and corporate headquarters, a small decrease from Radio Broadcasting offset by a small increase from Digital segment. The expenses remain flat for our Reach Media segment. Our corporate headquarters' expenses decreased approximately $4.4 million for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, primarily due to lower professional services costs and office space lease costs. Expenses in our Cable Television segment decreased approximately $0.6 million for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, primarily due to decreases in traffic and sales support costs and lower bad debt expenses. 

Stock-based compensation

Three Months Ended March 31,Change20252024$676$1,384$(708)(51.2)%

Stock-based compensation expense was approximately $0.7 million for the three months ended March 31, 2025, compared to approximately $1.4 million for the three months ended March 31, 2024, a decrease of approximately $0.7 million. There were no executive officer grants in 2025 which resulted in lower stock-based compensation expense. 

Depreciation and amortization

Three Months Ended March 31,Change20252024$2,315$1,850$465 25.1 %

Depreciation and amortization expense was approximately $2.3 million for the three months ended March 31, 2025, compared to approximately $1.9 million for the three months ended March 31, 2024, an increase of approximately $0.5 million driven mainly by the additional TV One Trade Name amortization as described in Note 9 – Goodwill and Other Intangible Assets of the Company’s condensed consolidated financial statements.

Impairment of intangible assets

Three Months Ended March 31,Change20252024