Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 14

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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URBAN ONE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share data)

(Unaudited)

Three Months Ended June 30,Six Months Ended June 30,2025202420252024NET REVENUE$91,631 $117,744 $183,866 $222,154 OPERATING EXPENSES:  Programming and technical, including stock-based compensation of $14, $7, $29, and $14 respectively28,661 33,263 59,274 65,929 Selling, general and administrative, including stock-based compensation of $560, $1,072, $1,221, and $2,449 respectively (a)50,053 61,151 100,819 118,157 Depreciation and amortization3,523 2,993 5,838 4,843 Impairment of goodwill and intangible assets130,078 80,758 136,521 80,758 Total operating expenses212,315 178,165 302,452 269,687 Operating loss(120,684)(60,421)(118,586)(47,533)INTEREST AND INVESTMENT INCOME616 1,777 1,582 3,775 INTEREST EXPENSE(9,704)(12,404)(20,628)(25,402)GAIN ON RETIREMENT OF DEBT30,297 7,425 41,884 15,299 OTHER INCOME, NET124 14 316 900 Loss from consolidated operations before benefit from income taxes(99,351)(63,609)(95,432)(52,961)BENEFIT FROM INCOME TAXES21,382 18,512 5,724 16,010 NET LOSS FROM CONSOLIDATED OPERATIONS(77,969)(45,097)(89,708)(36,951)LOSS FROM UNCONSOLIDATED JOINT VENTURE— — — (411)NET LOSS(77,969)(45,097)(89,708)(37,362)NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS(67)334 (64)576 NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS$(77,902)$(45,431)$(89