Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 165

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 165
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 Contents

URBAN ONE, INC. AND SUBSIDIARIES

RESULTS OF OPERATIONS

The following table summarizes our historical unaudited condensed consolidated results of operations:

Three Months Ended June 30, 2025 Compared to Three Months Ended June 30, 2024 

Three Months Ended June 30, 20252024Change (In thousands)Net revenue$91,631$117,744$(26,113)(22.2)%Operating expenses:Programming and technical, excluding stock-based compensation28,64733,256(4,609)(13.9)Selling, general and administrative, excluding stock-based compensation49,49360,079(10,586)(17.6)Stock-based compensation5741,079(505)(46.8)Depreciation and amortization3,5232,993530 17.7Impairment of goodwill and intangible assets130,07880,75849,320 61.1Total operating expenses212,315178,16534,15019.2Operating loss(120,684)(60,421)(60,263)99.7Interest and investment income6161,777(1,161)(65.3)Interest expense(9,704)(12,404)2,700 (21.8)Gain on retirement of debt30,2977,42522,872*NMOther income, net12414 110*NMLoss from operations before benefit from income taxes(99,351)(63,609)(35,742)56.2Benefit from income taxes21,38218,512 2,870 15.5Net loss from consolidated operations(77,969)(45,097)(32,872)72.9Net loss(77,969)(45,097)(32,872)72.9Net (loss) income attributable to non-controlling interests(67)334(401)*NMNet loss attributable to common stockholders$(77,902)$(45,431)$(32,471)71.5 %

*NM - Not meaningful

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Table of Contents

Net Revenue

Three Months Ended June 30,Change20252024$91,631$117,744$(26,113)(22.2)%

During the three months ended June 30, 2025, we recognized approximately $91.6 million in net revenue compared to approximately $117.7 million during the three months ended June 30, 202