Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 99

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 99
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 our Digital segment during the nine months ended September 30, 2025, compared to approximately $44.6 million for the nine months ended September 30, 2024, a decrease of approximately $11.4 million. The decrease was primarily driven by a decrease in direct revenue streams, lower political revenue, and decreased overall demand. The Company recognized approximately $124.1 million of revenue from our Cable Television segment during the nine months ended September 30, 2025, compared to approximately $134.1 million for the nine months ended September 30, 2024, a decrease of approximately $10.0 million. The decrease was primarily driven by a decrease in audience viewership affecting advertising sales and the continued churn in subscribers. 

Operating Expenses

Programming And Technical, Excluding Stock-based Compensation

Nine Months Ended September 30,Change20252024$93,950$99,826$(5,876)(5.9)%

Programming and technical expenses include expenses associated with on-air talent and the management and maintenance of the systems, tower facilities, and studios used in the creation, distribution, and broadcast of programming content on our radio stations. Programming and technical expenses for the Radio Broadcasting segment also include expenses associated with our programming research activities and music royalties. For our Digital segment, programming and technical expenses include software product design, post-application software development and maintenance, database and server support costs, the help desk function, data center expenses connected with ISP hosting services and other internet content delivery expenses. For our Cable Television segment, programming and technical expenses include expenses associated with technical, programming, production, and content management. Programming and technical expenses were approximately $94.0 million for the nine months ended September 30, 2025, compared to approximately $99.8 million for the nine months ended September 30, 2024, a decrease of approximately $5.9 million. Expenses in our Cable Television segment for the nine months ended September 30, 2025, decreased approximately $5.1 million compared to the nine months ended September 30, 2024. The decrease was primarily driven by a reduction in original programming asset amortization and lower headcount. Expenses in our Reach Media segment for the nine months ended September 30, 2025, decreased approximately $1.2 million compared to the nine months ended September 30, 2024. The decrease was primarily driven by decreased profit share and decreased contract labor. Expenses in our Radio Broadcasting