Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 9

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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23,769)34.6 Net (loss) income attributable to non-controlling interests(55)976(1,031)*NMNet loss attributable to common stockholders$(92,474)$(69,736)$(22,738)32.6%

42

Net Revenue

Nine Months Ended September 30,Change20252024$276,543$332,547$(56,004)(16.8)%

During the nine months ended September 30, 2025, we recognized approximately $276.5 million in net revenue compared to approximately $332.5 million during the nine months ended September 30, 2024. These amounts are net of agency and outside sales representative commissions. We recognized approximately $104.0 million of revenue from our Radio Broadcasting segment during the nine months ended September 30, 2025, compared to approximately $118.1 million during the nine months ended September 30, 2024, a decrease of approximately $14.1 million. This decrease was primarily driven by weaker overall market demand from the national and local advertisers, non-returning political revenues, and loss of streaming revenue. We recognized approximately $17.3 million of revenue from our Reach Media segment during the nine months ended September 30, 2025, compared to approximately $37.6 million for the nine months ended September 30, 2024, a decrease of approximately $20.3 million. The decrease was primarily driven by the Fantastic Voyage sailing in Q2 2024, versus its October scheduling in 2025 coupled with a decrease in national sales. We recognized approximately $33.2 million of revenue from our Digital segment during the nine months ended September 30, 2025, compared to approximately $44.6 million for the nine months ended September 30, 2024, a decrease of approximately $11.4 million. The decrease was primarily driven by a decrease in direct revenue streams, lower political revenue, and decreased overall demand. The Company recognized approximately $124.1 million of revenue from our Cable Television segment during the nine months ended September 30, 2025, compared to approximately $134.1 million for the nine months ended September 30, 2024, a decrease of approximately $10.0 million. The decrease was primarily driven by a decrease in audience viewership affecting advertising sales and the continued churn in subscribers. 

Operating Expenses

Programming And Technical, Excluding