Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 171

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 171
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 Digital segment. Selling, general and administrative expenses were approximately $49.0 million for the three months ended September 30, 2025, compared to approximately $53.5 million for the three months ended September 30, 2024, a decrease of approximately $4.5 million. This decrease was mainly driven by the decreases in our Radio Broadcasting and corporate headquarters, offset by an increase from our Reach Media segment. Expenses in our Digital segment and Cable Television segment remained relatively flat compared to the three months ended September 30, 2024. Expenses in our Radio Broadcasting segment decreased approximately $4.2 million for the three months ended September 30, 2025, compared to the three months ended September 30, 2024, primarily due to a change in bad debt reserve and lower research costs, personal property taxes, and bank charges during the quarter. Expenses in our Reach Media segment increased approximately $1.1 million for the three months ended September 30, 2025, compared to the three months ended September 30, 2024, primarily due to a change in bad debt reserve. Our corporate headquarters' expenses decreased approximately $1.6 million for the three months ended September 30, 2025, compared to the three months ended September 30, 2024, primarily due to lower professional service costs and the ONE VIP department closure, offset by the change in the fair value of the Employment Agreement Award liability (as defined in Note 5 - Fair Value Measurements).

Stock-based Compensation

Three Months Ended September 30,Change20252024$365$1,152$(787)(68.3)%

Stock-based compensation expense was approximately $0.4 million for the three months ended September 30, 2025, compared to approximately $1.2 million for the three months ended September 30, 2024, a decrease of approximately $0.8 million. The decrease was primarily due to no executive grants during 2025. 

Depreciation And Amortization

Three Months Ended September 30,Change20252024$6,104$1,238$4,866 *NM

Depreciation and amortization expense was approximately $6.1 million for the three months ended September 30, 2025, compared to approximately $1.2 million for the three months ended September 30, 2024, an increase of approximately $4.9 million. This increase