Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 122

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 122
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 we closely manage the use of trade and barter agreements.

Net revenue consists of gross revenue, net of local and national agency and outside sales representative commissions. Agency and outside sales representative commissions are calculated based on a stated percentage applied to gross billing.

The following table shows the percentage of unaudited condensed consolidated net revenue generated by each reporting segment.

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Radio Broadcasting segment40.0%35.7%37.7%35.3%Reach Media segment5.8%16.1%6.1%12.3%Digital segment(1)11.2%11.9%11.1%11.8%Cable Television segment(1)43.7%36.8%45.8%41.1%All other - corporate/eliminations(0.7)%(0.5)%(0.7)%(0.5)%

(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. 

The following table shows the percentages generated from local and national advertising as a subset of net revenue from our core radio business.

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Percentage of core radio business generated from local advertising65.0%60.6%65.5%62.8%Percentage of core radio business generated from national advertising, including network advertising28.4%31.3%29.0%31.0%

National and local advertising also includes advertising revenue generated from our Digital segment and low power television revenue. The balance of net revenue from our Radio Broadcasting segment is generated from ticket sales and revenue related to our sponsored events, management fees and other revenue.

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The following table shows the sources of our net revenue for the three months ended June 30, 2025 and 2024:

Three Months Ended June 30, 2025 2024 $ Change % Change (In thousands)Net revenue:    Radio advertising$38,627$45,421$(6,794)(15.0)%Political advertising2542,152(1,898)(88.2)Digital advertising(1)10,24113,714(3,473)(25