Company: UONE
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001041657-25-000034
Chunk: 143

Company: URBAN ONE, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 143
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 common stockholders to broadcast and digital operating income is as follows:

Three Months Ended March 31,20252024(In thousands)Net (loss) income to common stockholders$(11,742)$7,493 Add back/(deduct) certain non-broadcast and digital operating income items included in net (loss) income:Interest and investment income(966)(1,998)Interest expense10,924 12,998 Provision for income taxes15,658 2,502 Corporate selling, general and administrative, excluding stock-based compensation11,484 15,892 Stock-based compensation676 1,384 Gain on retirement of debt(11,587)(7,874)Other income, net(192)(886)Loss from unconsolidated joint venture— 411 Depreciation and amortization2,315 1,850 Net income attributable to non-controlling interests3 242 Impairment of intangible assets6,443 — Broadcast and digital operating income$23,016 $32,014 

The reconciliation of net (loss) income attributable to common stockholders to Adjusted EBITDA is as follows:

Three Months Ended March 31,20252024(In thousands)Net (loss) income to common stockholders$(11,742)$7,493 Add back/(deduct) certain non-broadcast and digital operating income items included in net (loss) income:Interest and investment income(966)(1,998)Interest expense10,924 12,998 Provision for income taxes15,658 2,502 Depreciation and amortization2,315 1,850 EBITDA$16,189 $22,845 Stock-based compensation676 1,384 Gain on retirement of debt(11,587)(7,874)Other income, net(192)(886)Loss from unconsolidated joint venture— 411 Net income attributable to non-controlling interests3 242 Corporate costs(a)747 5,359 Severance-related costs219 64 Impairment of intangible assets6,443 — Loss from ceased non-core business initiatives(b)359 712 Adjusted EBITDA$12,857 $22,257 

(a)Corporate costs include professional fees related to the material weakness remediation efforts.

(b)In 2024, we made an immaterial change to the definition of Adjusted EBITDA by