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

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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 Stock-based Compensation

Nine Months Ended September 30,Change20252024$93,950$99,826$(5,876)(5.9)%

Programming and technical expenses include expenses associated with on-air talent and the management and maintenance of the systems, tower facilities, and studios used in the creation, distribution, and broadcast of programming content on our radio stations. Programming and technical expenses for the Radio Broadcasting segment also include expenses associated with our programming research activities and music royalties. For our Digital segment, programming and technical expenses include software product design, post-application software development and maintenance, database and server support costs, the help desk function, data center expenses connected with ISP hosting services and other internet content delivery expenses. For our Cable Television segment, programming and technical expenses include expenses associated with technical, programming, production, and content management. Programming and technical expenses were approximately $94.0 million for the nine months ended September 30, 2025, compared to approximately $99.8 million for the nine months ended September 30, 2024, a decrease of approximately $5.9 million. Expenses in our Cable Television segment for the nine months ended September 30, 2025, decreased approximately $5.1 million compared to the nine months ended September 30, 2024. The decrease was primarily driven by a reduction in original programming asset amortization and lower headcount. Expenses in our Reach Media segment for the nine months ended September 30, 2025, decreased approximately $1.2 million compared to the nine months ended September 30, 2024. The decrease was primarily driven by decreased profit share and decreased contract labor. Expenses in our Radio Broadcasting segment for the nine months ended September 30, 2025, increased approximately $1.0 million, compared to the nine months ended September 30, 2024. This decrease was primarily driven by due an increase in music royalty expenses (see further details in Note 13 - Commitments and Contingencies) offset by lower headcount costs. Expenses in our Digital segment for the nine months ended September 30, 2025, decreased approximately $0.8 million compared to the nine months ended September 30, 2024 primarily driven by lower headcount and lower contract labor expense. 

43

Selling, General and Administrative, Excluding Stock-based Compensation

Nine Months Ended September 30,Change20252024$148,591$169,174$(20,583)(12.