Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 130

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 130
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ests

Three Months Ended June 30,Change20252024$(67)$334$(401)*NM

Net (loss) income attributable to non-controlling interests was approximately $(0.1) million for the three months ended June 30, 2025 compared to approximately $0.3 million for the three months ended June 30, 2024. The decrease in net income attributable to non-controlling interests was primarily due to the change in ownership interest in Reach Media during the first quarter of 2025 and decreased profitability in the business compared to the same period in 2024.

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Table of Contents

The following table summarizes our historical unaudited condensed consolidated results of operations:

Six Months Ended June 30, 2025 Compared To Six Months Ended June 30, 2024 

Six Months Ended June 30, 20252024Change (In thousands)Net revenue$183,866$222,154$(38,288)(17.2)%Operating expenses:Programming and technical, excluding stock-based compensation59,24565,915(6,670)(10.1)Selling, general and administrative, excluding stock-based compensation99,598115,708(16,110)(13.9)Stock-based compensation1,2502,463(1,213)(49.2)Depreciation and amortization5,8384,843995 20.5 Impairment of goodwill and intangible assets136,52180,75855,763 69.0 Total operating expenses302,452269,68732,765 12.1 Operating loss(118,586)(47,533)(71,053)*NMInterest and investment income1,5823,775(2,193)(58.1)Interest expense(20,628)(25,402)4,774(18.8)Gain on retirement of debt41,88415,29926,585 *NMOther income, net316900(584)(64.9)Loss from operations before benefit from income taxes(95,432)(52,961)(42,471)80.2 Benefit from income taxes5,724 16,010 (10,286)(64.2)Net loss from consolidated operations(89,708)(36,951)(52,757)*NMLoss from unconsolidated joint venture—(411)411(100.0)Net loss(89,708)(37,362)(52,