Company: UONE
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001041657-25-000013
Chunk: 85

Company: URBAN ONE, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 85
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,477 17.4 Total operating expenses525,259 509,261 15,998 3.1 Operating loss(75,585)(31,571)(44,014)*NMInterest and investment income5,980 6,967 (987)(14.2)Interest expense48,571 56,196 (7,625)(13.6)Gain on retirement of debt23,271 2,356 20,915 *NMOther income, net896 96,084 (95,188)(99.1)(Loss) income from operations before provision for income taxes(94,009)17,640 (111,649)*NMProvision for income taxes9,759 7,944 1,815 22.8 Net (loss) income from consolidated operations(103,768)9,696 (113,464)*NMLoss from unconsolidated joint venture(411)(5,131)4,720 (92.0)Net (loss) income(104,179)4,565 (108,744)*NMNet income attributable to non-controlling interests1,215 2,515 (1,300)(51.7)Net (loss) income attributable to common stockholders$(105,394)$2,050 $(107,444)*NM*NM - Not meaningful

38

Net revenue

Years Ended December 31, Change 20242023$449,674$477,690$(28,016)(5.9)%

During the year ended December 31, 2024, we recognized approximately $449.7 million in net revenue compared to approximately $477.7 million during the year ended December 31, 2023. These amounts are net of agency and outside sales representative commissions. We recognized approximately $165.8 million of revenue from our Radio Broadcasting segment during the year ended December 31, 2024, compared to approximately $156.2 million for the year ended December 31, 2023, an increase of approximately $9.6 million, primarily driven by increased political revenue and due to the Houston station acquisition, which was completed in August 2023, offset by a decrease in national sales driven by demand. We recognized approximately $47.3 million of revenue from our Reach Media segment during the year ended December 31, 2024, compared to approximately $52.9 million for the year ended December 31,