Company: UONE
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001041657-25-000034
Chunk: 106

Company: URBAN ONE, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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(19,885)*NMLoss from unconsolidated joint venture— (411)411 *NMNet (loss) income(11,739)7,735(19,474)*NMNet income attributable to non-controlling interests3242(239)(98.8)Net (loss) income attributable to common stockholders$(11,742)$7,493$(19,235)*NM

*NM - Not meaningful

34

Net revenue

Three Months Ended March 31,Change20252024$92,235$104,410$(12,175)(11.7)%

During the three months ended March 31, 2025, we recognized approximately $92.2 million in net revenue compared to approximately $104.4 million during the three months ended March 31, 2024. These amounts are net of agency and outside sales representative commissions. We recognized approximately $32.6 million of revenue from our Radio Broadcasting segment during the three months ended March 31, 2025, compared to approximately $36.4 million during the three months ended March 31, 2024, a decrease of approximately $3.8 million. This decrease was primarily driven by weaker overall market demand from the national advertisers and lower political revenues. We recognized approximately $5.9 million of revenue from our Reach Media segment during the three months ended March 31, 2025, compared to approximately $8.5 million for the three months ended March 31, 2024, a decrease of approximately $2.6 million. This decrease was primarily driven by the decrease in overall demand and attrition of advertisers. We recognized approximately $10.2 million of revenue from our Digital segment during the three months ended March 31, 2025, compared to approximately $12.2 million for the three months ended March 31, 2024, a decrease of approximately $2.0 million. This decrease was primarily driven by the decrease in national digital sales offset by increase in podcast revenue. We recognized approximately $44.2 million of revenue from our Cable Television segment during the three months ended March 31, 2025, compared to approximately $48.0 million for the three months ended March 31, 2024, a decrease of approximately $3.8 million. This decrease was primarily driven by the churn of subscribers. 

Operating expenses

Programming and technical, excluding stock-based compensation

Three Months