Company: UONE
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001041657-25-000013
Chunk: 94

Company: URBAN ONE, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 94
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,394)2,050 

44

The reconciliation of net (loss) income to broadcast and digital operating income is as follows:

Years Ended December 31, 20242023(in thousands)Net (loss) income attributable to common stockholders$(105,394)$2,050 Add back/(deduct) certain non-broadcast and digital operating income items included in net income:Interest and investment income(5,980)(6,967)Interest expense48,571 56,196 Provision for income taxes9,759 7,944 Corporate selling, general and administrative, excluding stock-based compensation50,579 53,583 Stock-based compensation5,716 9,975 Gain on retirement of debt(23,271)(2,356)Other income, net(896)(96,084)Loss from unconsolidated joint venture411 5,131 Depreciation and amortization7,716 7,101 Net income attributable to non-controlling interests1,215 2,515 Impairment of goodwill and intangible assets151,755 129,278 Broadcast and digital operating income$140,181 $168,366 

The reconciliation of net (loss) income to adjusted EBITDA is as follows:

Years Ended December 31, 20242023(in thousands)Net (loss) income attributable to common stockholders$(105,394)$2,050 Add back/(deduct) certain non-broadcast and digital operating income items included in net (loss) income:Interest and investment income(5,980)(6,967)Interest expense48,571 56,196 Provision for income taxes9,759 7,944 Depreciation and amortization7,716 7,101 EBITDA$(45,328)$66,324 Stock-based compensation5,716 9,975 Gain on retirement of debt(23,271)(2,356)Other income, net(896)(96,084)Loss from unconsolidated joint venture411 5,131 Net income attributable to non-controlling interests1,215 2,515 Corporate development costs18,658 12,872 Employment Agreement Award and other compensation— 169 Severance-related costs2,712 669 Impairment of goodwill and intangible assets151,755 129,278 Investment income from MGM National Harbor2— (115)Loss