Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 18

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 18
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$332,547 Broadcast and digital operating income19,958 35,370 68,638 101,580 Adjusted EBITDA(a)14,201 25,414 41,018 76,593 Net loss attributable to common stockholders(2,830)(31,798)(92,474)(69,736)

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

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands)(In thousands)Net loss attributable to common stockholders$(2,830)$(31,798)$(92,474)$(69,736)Add back/(deduct) certain non-broadcast and digital operating income items included in net loss:Interest and investment income(512)(1,088)(2,094)(4,863)Interest expense9,448 11,649 30,076 37,051 Benefit from income taxes(1,121)(1,814)(6,845)(17,824)Corporate selling, general and administrative, excluding stock-based compensation10,979 12,354 34,636 38,033 Stock-based compensation365 1,152 1,615 3,615 Gain on retirement of debt(2,125)(3,472)(44,009)(18,771)Other income, net(359)(74)(675)(974)Loss from unconsolidated joint venture— — — 411 Depreciation and amortization6,104 1,238 11,942 6,081 Net income (loss) attributable to non-controlling interests9 400 (55)976 Impairment of goodwill and intangible assets— 46,823 136,521 127,581 Broadcast and digital operating income$19,958 $35,370 $68,638 $101,580 

The reconciliation of net loss attributable to common stockholders to Adjusted EBITDA is as follows:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands)(In thousands)Net loss attributable to common stockholders$(