Company: UONE
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001041657-25-000034
Chunk: 16

Company: URBAN ONE, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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URBAN ONE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share data)

(Unaudited)

Three Months Ended March 31,20252024NET REVENUE$92,235 $104,410 OPERATING EXPENSES:Programming and technical, including stock-based compensation of $15 and $7, respectively30,613 32,666 Selling, general and administrative, including stock-based compensation of $661 and $1,377, respectively50,766 57,006 Depreciation and amortization2,315 1,850 Impairment of intangible assets6,443 — Total operating expenses90,137 91,522 Operating income2,098 12,888 INTEREST AND INVESTMENT INCOME966 1,998 INTEREST EXPENSE(10,924)(12,998)GAIN ON RETIREMENT OF DEBT11,587 7,874 OTHER INCOME, NET192 886 Income from consolidated operations before provision for income taxes3,919 10,648 PROVISION FOR INCOME TAXES(15,658)(2,502)NET (LOSS) INCOME FROM CONSOLIDATED OPERATIONS(11,739)8,146 LOSS FROM UNCONSOLIDATED JOINT VENTURE— (411)NET (LOSS) INCOME(11,739)7,735 NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS3 242 NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$(11,742)$7,493 NET (LOSS) INCOME TO COMMON STOCKHOLDERS (per share)Basic$(0.26)$0.15 Diluted$(0.26)$0.15 WEIGHTED-AVERAGE SHARES OUTSTANDING:Basic44,421,65248,385,386Diluted44,421,65249,921,803

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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URBAN ONE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

(In thousands)

(Unaudited)Three Months Ended March 31,20252024NET (LOSS) INCOME$(11,739)$7,735