Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 107

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 107
---
 definition includes the results of all four of our operating segments (Radio Broadcasting, Reach Media, Digital, and Cable Television). Business activities unrelated to these four segments are included in "Corporate/Eliminations/ Other" line item in the reconciliation to the pre-tax income. Adjusted EBITDA and EBITDA do not purport to represent operating income or cash flow from operating activities, as those terms are defined under GAAP, and should not be considered as alternatives to those measurements as an indicator of our performance.

Summary Of Performance

The tables below provide a summary of our performance based on the metrics described above:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands)(In thousands)Net revenue$92,677 $110,393 $276,543 $332,547 Broadcast and digital operating income19,958 35,370 68,638 101,580 Adjusted EBITDA(a)14,201 25,414 41,018 76,593 Net loss attributable to common stockholders(2,830)(31,798)(92,474)(69,736)

(a) In 2024, we made an immaterial change to the definition of Adjusted EBITDA by adding back the loss from ceased non-core operations. All historical periods were recast to reflect this immaterial change.

48

The reconciliation of net loss attributable to common stockholders to broadcast and digital operating income is as follows:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands)(In thousands)Net loss attributable to common stockholders$(2,830)$(31,798)$(92,474)$(69,736)Add back/(deduct) certain non-broadcast and digital operating income items included in net loss:Interest and investment income(512)(1,088)(2,094)(4,863)Interest expense9,448 11,649 30,076 37,051 Benefit from income taxes(1,121)(1,814)(6,845)(17,824)Corporate selling, general and administrative, excluding stock-based compensation10,979 12,354 34,636 38,033 Stock-based compensation365 1,152 1,615 3,615 Gain on retirement of debt(2,125)(3,472)(44,009)(18,771)Other income, net(359)(74