Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 50

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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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 September 30,Nine Months Ended September 30,2025202420252024NET REVENUE$92,677 $110,393 $276,543 $332,547 OPERATING EXPENSES:  Programming and technical, including stock-based compensation of $14, $9, $43, and $23 respectively34,719 33,920 93,993 99,849 Selling, general and administrative, including stock-based compensation of $351, $1,143, $1,572, and $3,592 respectively (a)49,344 54,609 150,163 172,766 Depreciation and amortization6,104 1,238 11,942 6,081 Impairment of goodwill and intangible assets— 46,823 136,521 127,581 Total operating expenses90,167 136,590 392,619 406,277 Operating income (loss)2,510 (26,197)(116,076)(73,730)INTEREST AND INVESTMENT INCOME512 1,088 2,094 4,863 INTEREST EXPENSE(9,448)(11,649)(30,076)(37,051)GAIN ON RETIREMENT OF DEBT2,125 3,472 44,009 18,771 OTHER INCOME, NET359 74 675 974 Loss from consolidated operations before benefit from income taxes(3,942)(33,212)(99,374)(86,173)BENEFIT FROM INCOME TAXES1,121 1,814 6,845 17,824 NET LOSS FROM CONSOLIDATED OPERATIONS(2,821)(31,398)(92,529)(68,349)LOSS FROM UNCONSOLIDATED JOINT VENTURE— — — (411)NET LOSS(2,821)(31,398)(92,529)(68,760)NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS9 400 (55)976 NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS$(2,830)$(31,798)$(92