Company: UONE
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001041657-25-000034
Chunk: 99

Company: URBAN ONE, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 administrative (2)8,0669706363,964Other segment income (expenses)72(9)——Segment Adjusted EBITDA$5,634 $1,830 $2,347 $19,301 (1) Effective January 1, 2025, segment information for the prior periods has been recast in this Quarterly Report on Form 10-Q to include reclassification of a portion of revenues from our CTV offering from the Digital segment to the Cable Television segment. (2) Effective January 1, 2025, prior period segment information has been recast between the Sales and marketing and the General and administrative in this Quarterly Report on Form 10-Q across the four segments to conform the presentation of significant segment expenses used to evaluate segment performance by the CODM. 

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Three Months Ended March 31,20252024(in thousands)Segment Adjusted EBITDA to income from consolidated operations before provision for income taxes reconciliationSegment Adjusted EBITDA$20,947 $29,112 Corporate/Eliminations/Other(8,090)(6,855)Corporate Development Costs747 5,359 Severance-related costs219 64 Loss from ceased non-core business initiatives359 712 Stock-based compensation676 1,384 Depreciation and amortization2,315 1,850 Impairment of intangible assets6,443 — Interest and investment income(966)(1,998)Interest expense10,924 12,998 Gain on retirement of debt(11,587)(7,874)Other income, net(192)(886)Income from consolidated operations before provision for income taxes$3,919 $10,648 Three Months EndedMarch 31,20252024(In thousands)Capital expenditures:Radio Broadcasting$2,135$1,084Reach Media—10Digital284447Cable Television—69All other - corporate/eliminations128204Consolidated$2,547$1,814

14. COMMITMENTS AND CONTINGENCIESRadio Broadcasting LicensesEach of the Company’s radio stations operates pursuant to one or more licenses issued by the FCC that have a maximum term of eight years prior to renewal. The Company’s radio broadcasting licenses expire at various times beginning in October 2027 through August 2030. Although the Company may apply to renew its radio broadcasting licenses, third parties may challenge the Company’s renewal applications. The Company is not aware of any facts or circumstances