Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 101

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 101
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 decreased approximately $4.0 million for the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024, primarily due to timing of media campaigns and a decrease in consumer marketing and affiliate expenses. Our corporate headquarters' expenses decreased approximately $3.4 million for the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024, primarily due to lower professional service costs and the ONE VIP department closure, offset by increased software fees and the change in the fair value of the Employment Agreement Award (as defined in Note 5 - Fair Value Measurements).

Stock-based Compensation

Nine Months Ended September 30,Change20252024$1,615$3,615$(2,000)(55.3)%

Stock-based compensation expense was approximately $1.6 million for the nine months ended September 30, 2025, compared to approximately $3.6 million for the nine months ended September 30, 2024, a decrease of approximately $2.0 million. The decrease in stock-based compensation was primarily due to no executive grants during 2025.

Depreciation And Amortization

Nine Months Ended September 30,Change20252024$11,942$6,081$5,861 96.4%

Depreciation and amortization expense was approximately $11.9 million for the nine months ended September 30, 2025, compared to approximately $6.1 million for the nine months ended September 30, 2024, an increase of approximately $5.9 million driven mainly by the additional TV One Trade Name and radio broadcasting license amortization of approximately $7.0 million as described in Note 8 – Goodwill and Other Intangible Assets of the Company’s unaudited condensed consolidated financial statements for the nine months ended September 30, 2025, offset by lower depreciation expense for property and equipment. 

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Impairment of Goodwill And Intangible Assets

Nine Months Ended September 30,Change20252024$136,521$127,581$8,940 7.0%

Impairment of goodwill and intangible assets was approximately $136.5 million during the nine months ended September 30, 2025, compared to approximately $127.6 million for the nine months ended September 30, 2024. See Note 8 – Goodwill