Company: UONE
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001041657-25-000034
Chunk: 98

Company: URBAN ONE, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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 transaction are eliminated in consolidation and do not affect consolidated results.This segment structure reflects the financial information and reports used by the Company’s management, specifically its CODM, who is responsible for reviewing segment performance and making decisions regarding resource allocations, performance assessments, as well as our current operating focus. Asset and asset related information are not key measures used by the CODM. The CODM does not regularly receive or review information pertaining to assets by segments or in totality.The Company evaluates the operating performance of its reportable segments based on financial measures such as segment net revenue and Adjusted EBITDA, a non-GAAP measure. The CODM evaluates each segment’s performance based on Adjusted EBITDA, guiding strategic decisions to align with company-wide goals, assessing the operating results and performance of the segments, identifying strategies to improve performance, and allocating resources to each segment. Adjusted EBITDA is used to facilitate a comparison of the ordinary, ongoing and customary course of our operations on a consistent basis from period to period and provide an additional understanding of factors and trends affecting our business segments. Significant segment expenses provided to the CODM and included within Adjusted EBITDA include programming and technical, sales and marketing, and general and administrative. Prior year information was revised to reflect Adjusted EBITDA as the segment profit measure.

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Detailed segment data for the three months ended March 31, 2025 and 2024 is presented in the following table:Three Months Ended March 31, 2025(in thousands)Radio BroadcastingReach MediaDigitalCable TelevisionNET REVENUE$32,610$5,853$10,212$44,193OPERATING EXPENSES:Programming and technical 11,2933,3683,18712,909Sales and marketing11,5462,1256,7879,096General and administrative7,0501,0261843,595Other segment income (expenses)1271154(1)Segment Adjusted EBITDA$2,848 $(551)$58 $18,592 Three Months Ended March 31, 2024(in thousands)Radio BroadcastingReach MediaDigital (1)Cable Television (1)STATEMENT OF OPERATIONS:NET REVENUE$36,351$8,472$12,189$48,004OPERATING EXPENSES:Programming and technical 11,3293,4823,50214,600Sales and marketing (2)11,3942,1815,70410,139General and