Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 32

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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udited condensed consolidated statements of operations as selling, general and administrative expenses for the six months ended June 30, 2025 and 2024. The long-term portion is recorded in other long-term liabilities, and the current portion is recorded in other current liabilities in the unaudited condensed consolidated balance sheets.

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Table of Contents

For Level 3 liabilities measured at fair value on a recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: June 30,2025December 31,2024Level 3 liabilitiesValuation TechniqueSignificantUnobservableInputsSignificant UnobservableInput Value(a)Employment Agreement AwardDiscounted cash flowDiscount rate11.5%11.5%Employment Agreement AwardDiscounted cash flowOperating profit margin range20.0% - 38.1%27.0% - 34.4%Employment Agreement AwardDiscounted cash flowRevenue growth rate range(7.8)% - (2.0)%(12.2)% - 1.9%Employment Agreement AwardMarket approachAverage recurring EBITDA multiple4.0x - 4.5x4.5xRedeemable non-controlling interestsDiscounted cash flowDiscount rate15.5%20.5%Redeemable non-controlling interestsDiscounted cash flowOperating profit margin range6.8% - 21.7%30.9% - 34.0%Redeemable non-controlling interestsDiscounted cash flowRevenue growth rate range(0.5)% - 24.3%(5.1)% - 19.7%Redeemable non-controlling interestsMarket approach(b)EBITDA Exit multipleN/A4.0x(a)Any significant increases or decreases in unobservable inputs could result in significantly higher or lower fair value measurements. Changes in fair value measurements, if significant, may affect the Company’s performance of cash flows.(b) The Company did not utilize the market approach to measure the fair value of the redeemable non-controlling interests as of June 30, 2025.  Certain assets and liabilities are measured at fair value on a non-recurring basis using Level 3 inputs as defined in ASC 820. These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances. Included in this category are goodwill, radio broadcasting licenses and other intangible assets, net, which are written down to fair value when they are