Company: UONE
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001041657-25-000034
Chunk: 107

Company: URBAN ONE, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 Ended March 31,Change20252024$30,598$32,659$(2,061)(6.3)%

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 $30.6 million for the three months ended March 31, 2025, compared to $32.7 million for the three months ended March 31, 2024, respectively. This decrease was mainly driven by our Cable Television and Digital segments with small decreases attributable to our Radio Broadcasting and Reach Media segments. For our Cable Television segment, the $1.7 million decrease was mainly due to lower program production cost partially offset by higher programming cost. The $0.3 million decrease in our Digital segment was due to lower headcount.  

35

Selling, general and administrative, excluding stock-based compensation

Three Months Ended March 31,Change20252024$50,105$55,629$(5,524)(9.9)%

Selling, general and administrative expenses include expenses associated with our sales departments, offices, corporate headquarters and facilities, marketing and promotional expenses, special events and sponsorships, and back-office expenses. Expenses associated with securing ratings data for our radio stations and visitors’ data for our websites, personnel, and other corporate overhead functions are also included in selling, general and administrative expenses. In addition, selling, general and administrative expenses for the Radio Broadcasting segment and Digital segment include expenses related to the advertising traffic (scheduling and insertion) functions. Selling, general and administrative expenses also include membership traffic acquisition costs for our online business. Selling, general and administrative expenses were approximately $50.1 million for the three months ended March 31, 2025, compared to approximately $55.6 million for the three months ended March 31, 2024, a decrease of approximately $5.5 million. This decrease