Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 102

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 102
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 and Other Intangible Assets of the Company’s unaudited condensed consolidated financial statements for further discussion.

Interest And Investment Income

Nine Months Ended September 30,Change20252024$2,094$4,863$(2,769)(56.9)%

Interest income was approximately $2.1 million for the nine months ended September 30, 2025, compared to approximately $4.9 million for the nine months ended September 30, 2024. The decrease was driven by lower cash and cash equivalents balances during the nine months ended September 30, 2025, than in the corresponding period in 2024.

Interest Expense

Nine Months Ended September 30,Change20252024$(30,076)$(37,051)$6,975 (18.8)%

Interest expense was approximately $30.1 million for the nine months ended September 30, 2025, compared to approximately $37.1 million for the nine months ended September 30, 2024, a decrease of approximately $7.0 million. The decrease was due to lower overall debt balances outstanding during the nine months ended September 30, 2025. See Note 9 - Long-Term Debt of our unaudited condensed consolidated financial statements for further information.

Gain On Retirement Of Debt

Nine Months Ended September 30,Change20252024$44,009$18,771$25,238 *NM

There was approximately a $44.0 million gain on retirement of debt for the nine months ended September 30, 2025, compared to approximately $18.8 million for the nine months ended September 30, 2024. During the nine months ended September 30, 2025, the Company repurchased approximately $96.7 million of its 2028 Notes at an average price of approximately 53.6% of par, resulting in a net gain on retirement of debt of approximately $44.0 million. During the nine months ended September 30, 2024, the Company repurchased approximately $125.0 million of its 2028 Notes at an average price of approximately 83.8% of par, resulting in a net gain on retirement of debt of approximately $18.8 million.

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Benefit From Income Taxes

Nine Months Ended September 30,Change20252024$6,845$17,824$(10,979)(61.6)%