Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 131

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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346)*NMNet (loss) income attributable to non-controlling interests(64)576(640)*NMNet loss attributable to common stockholders$(89,644)$(37,938)$(51,706)*NM

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Table of Contents

Net Revenue

Six Months Ended June 30,Change20252024$183,866$222,154$(38,288)(17.2)%

During the six months ended June 30, 2025, we recognized approximately $183.9 million in net revenue compared to approximately $222.2 million during the six months ended June 30, 2024. These amounts are net of agency and outside sales representative commissions. We recognized approximately $69.3 million of revenue from our Radio Broadcasting segment during the six months ended June 30, 2025, compared to approximately $78.4 million during the six months ended June 30, 2024, a decrease of approximately $9.0 million. This decrease was primarily driven by weaker overall market demand from the national advertisers, lower event revenues, and lower political revenues. We recognized approximately $11.2 million of revenue from our Reach Media segment during the six months ended June 30, 2025, compared to approximately $27.4 million for the six months ended June 30, 2024, a decrease of approximately $16.2 million. The decrease was primarily driven by the Fantastic Voyage sailing in Q2 2024, versus its October scheduling in 2025, decrease in overall demand, and attrition of advertisers. We recognized approximately $20.5 million of revenue from our Digital segment during the six months ended June 30, 2025, compared to approximately $26.3 million for the six months ended June 30, 2024, a decrease of approximately $5.8 million. The decrease was primarily driven by a decrease in national digital sales and direct revenue streams. We recognized approximately $84.3 million of revenue from our Cable Television segment during the six months ended June 30, 2025, compared to approximately $91.3 million for the six months ended June 30, 2024, a decrease of approximately $7.1 million. The decrease was primarily driven by a decrease in audience viewership affecting advertising sales and the continued churn in subscribers. 

Operating Expenses

Programming And Technical, Excluding Stock-based Compensation

Six Months Ended June 30,Change