Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 5

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 5
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 September 30, 2025, compared to approximately $33.9 million for the three months ended September 30, 2024, respectively. The $2.5 million increase in our Radio Broadcasting segment was primarily due to an increase in music royalty expenses (see further details in Note 13 - Commitments and Contingencies) offset by lower headcount costs. For our Cable Television segment, the $0.9 million decrease was primarily due to lower programming asset amortization. The $0.6 million decrease in our Reach Media segment was primarily due to a decrease in talent fees and a decrease in profit share liability due to lower revenue. 

38

Selling, General And Administrative, Excluding Stock-based Compensation

Three Months Ended September 30,Change20252024$48,993$53,466$(4,473)(8.4)%

Selling, general and administrative expenses include expenses associated with our sales departments, offices, corporate headquarters and facilities, marketing and promotional expenses, special events and sponsorships, and back-office expenses. Expenses associated with securing ratings data for our radio stations and visitors’ data for our websites, personnel, and other corporate overhead functions are also included in selling, general and administrative expenses. In addition, selling, 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 Digital segment. Selling, general and administrative expenses were approximately $49.0 million for the three months ended September 30, 2025, compared to approximately $53.5 million for the three months ended September 30, 2024, a decrease of approximately $4.5 million. This decrease was mainly driven by the decreases in our Radio Broadcasting and corporate headquarters, offset by an increase from our Reach Media segment. Expenses in our Digital segment and Cable Television segment remained relatively flat compared to the three months ended September 30, 2024. Expenses in our Radio Broadcasting segment decreased approximately $4.2 million for the three months ended September 30, 2025, compared to the three months ended September 30, 2024, primarily due to a change in bad debt reserve and lower research costs, personal property taxes, and bank charges during the quarter. Expenses in our Reach Media segment increased approximately $1.1 million for the three months ended September 30, 2025, compared to the