Company: UONE
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001041657-25-000034
Chunk: 54

Company: URBAN ONE, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 and corporate headquarters, a small decrease from Radio Broadcasting offset by a small increase from Digital segment. The expenses remain flat for our Reach Media segment. Our corporate headquarters' expenses decreased approximately $4.4 million for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, primarily due to lower professional services costs and office space lease costs. Expenses in our Cable Television segment decreased approximately $0.6 million for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, primarily due to decreases in traffic and sales support costs and lower bad debt expenses. 

Stock-based compensation

Three Months Ended March 31,Change20252024$676$1,384$(708)(51.2)%

Stock-based compensation expense was approximately $0.7 million for the three months ended March 31, 2025, compared to approximately $1.4 million for the three months ended March 31, 2024, a decrease of approximately $0.7 million. There were no executive officer grants in 2025 which resulted in lower stock-based compensation expense. 

Depreciation and amortization

Three Months Ended March 31,Change20252024$2,315$1,850$465 25.1 %

Depreciation and amortization expense was approximately $2.3 million for the three months ended March 31, 2025, compared to approximately $1.9 million for the three months ended March 31, 2024, an increase of approximately $0.5 million driven mainly by the additional TV One Trade Name amortization as described in Note 9 – Goodwill and Other Intangible Assets of the Company’s condensed consolidated financial statements.

Impairment of intangible assets

Three Months Ended March 31,Change20252024$6,443$—$6,443 *NM

Impairment of intangible assets was approximately $6.4 million during the three months ended March 31, 2025, while no impairment was recognized during the three months ended March 31, 2024. See Note 9 – Goodwill and Other Intangible Assets of the Company’s condensed consolidated financial statements for further discussion.

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Interest and investment income

Three Months Ended March 31,Change20252024$966$1,998$(1,032)(51.7)%