Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 180

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 180
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 our fixed assets and goodwill and intangible assets, or capital structure. Adjusted EBITDA is frequently used as one of the measures for comparing businesses in the broadcasting industry, although our measure of Adjusted EBITDA may not be comparable to similarly titled measures of other companies, including, but not limited to the fact that our definition includes the results of all four of our operating segments (Radio Broadcasting, Reach Media, Digital, and Cable Television). Business activities unrelated to these four segments are included in "Corporate/Eliminations/ Other" line item in the reconciliation to the pre-tax income. Adjusted EBITDA and EBITDA do not purport to represent operating income or cash flow from operating activities, as those terms are defined under GAAP, and should not be considered as alternatives to those measurements as an indicator of our performance.

Summary Of Performance

The tables below provide a summary of our performance 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