Company: UONE
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001041657-25-000034
Chunk: 84

Company: URBAN ONE, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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$22,947$8,364(a)Amount of total income/(losses) for the period included in earnings attributable to the change in unrealized (gains) losses relating to liabilities still held at the reporting date.Changes in the fair value of the Employment Agreement Award were recorded in the condensed consolidated statements of operations as selling, general and administrative expenses for the three months ended March 31, 2025 and 2024. The long-term portion is recorded in other long-term liabilities and the current portion is recorded in other current liabilities in the condensed consolidated balance sheets.

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For Level 3 liabilities measured at fair value on a recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: March 31,2025December 31,2024Level 3 liabilitiesValuation TechniqueSignificantUnobservableInputsSignificant UnobservableInput Value(a)Employment Agreement AwardDiscounted cash flowDiscount rate11.5 %11.5 %Employment Agreement AwardDiscounted cash flowOperating profit margin range27.1% - 34.4%27.0% - 34.4%Employment Agreement AwardDiscounted cash flowRevenue growth rate range(11.6)% - 1.9%(12.2)% - 1.9%Employment Agreement AwardMarket approachAverage recurring EBITDA multiple4.5x - 5.0x4.5xRedeemable non-controlling interestsDiscounted cash flowDiscount rate20.5 %20.5 %Redeemable non-controlling interestsDiscounted cash flowOperating profit margin range30.9% - 34.0%30.9% - 34.0%Redeemable non-controlling interestsDiscounted cash flowRevenue growth rate range(5.1)% - 19.7%(5.1)% - 19.7%Redeemable non-controlling interestsDiscounted cash flowEBITDA Exit multiple4.0x4.0 x(a)Any significant increases or decreases in unobservable inputs could result in significantly higher or lower fair value measurements. Changes in fair value measurements, if significant, may affect the Company’s performance of cash flows.Certain assets and liabilities are measured at fair value on a non-recurring basis using Level 3 inputs as defined in ASC 820. These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances. Included in this category are goodwill