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

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 25
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 $1.9 million for the nine months ended September 30, 2025, and 2024, respectively. Net cash flow from operating activities for the nine months ended September 30, 2025 increased primarily due to lower payments for content, offset by the decrease in reserve for audience deficiency. 

Cash flows from operations, cash and cash equivalents, and other sources of liquidity are expected to be available and sufficient to meet foreseeable cash requirements. 

Net cash flows used in investing activities were approximately $7.3 million and $1.7 million for the nine months ended September 30, 2025, and 2024, respectively. Net cash flows used in investing activities increased from the prior year primarily due to the cash receipts on disposition of station for approximately $3.8 million in the prior year. Additionally, we had capital expenditures of approximately $6.9 million and $5.7 million for the nine months ended September 30, 2025, and 2024, respectively.

Net cash flows used in financing activities were approximately $58.6 million and $118.2 million for the nine months ended September 30, 2025, and 2024, respectively. During the nine months ended September 30, 2025, and 2024, we paid approximately $51.9 million and $104.8 million, respectively, to repurchase approximately $96.7 million and $125.0 million of our 2028 Notes, respectively. We repurchased approximately $2.5 million of our Class A and D Common Stock during the nine months ended September 30, 2025. We repurchased approximately $5.3 million of our Class A and D Common Stock during the nine months ended September 30, 2024. In addition, certain non-controlling interest shareholders of Reach Media exercised their annual Put Right on February 14, 2025 for $3.2 million, which resulted in an increase of the Company’s interest in Reach Media to approximately 94.6% and decreasing the interest of the non-controlling interest shareholders from 10.0% to approximately 5.4%. Finally, Reach Media paid approximately $0.9 million and $1.8 million in dividends to non-controlling interest shareholders during the nine months ended September 30, 2025, and 2024, respectively.

52

Credit Rating Agencies

On a continuing basis, Standard