Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 63

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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 for the six months ended June 30, 2025, compared to the six months ended June 30, 2024, primarily due to lower professional service costs offset by the change in the fair value of the Employment Agreement Award (as defined in Note 5 - Fair Value Measurements).

Stock-based Compensation

Six Months Ended June 30,Change20252024$1,250$2,463$(1,213)(49.2)%

Stock-based compensation expense was approximately $1.3 million for the six months ended June 30, 2025, compared to approximately $2.5 million for the six months ended June 30, 2024, a decrease of approximately $1.2 million. The decrease in stock-based compensation was primarily due to the timing of vesting of stock awards for executive officers.

Depreciation And Amortization

Six Months Ended June 30,Change20252024$5,838$4,843$995 20.5 %

Depreciation and amortization expense was approximately $5.8 million for the six months ended June 30, 2025, compared to approximately $4.8 million for the six months ended June 30, 2024, an increase of approximately $1.0 million driven mainly by the additional TV One Trade Name and radio broadcasting amortization of $2.5 million as described in Note 8 – Goodwill and Other Intangible Assets of the Company’s unaudited condensed consolidated financial statements the six months ended June 30, 2025, offset by lower depreciation expense for property and equipment. 

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Table of Contents

Impairment of Goodwill And Intangible Assets

Six Months Ended June 30,Change20252024$136,521$80,758$55,763 69.0 %

Impairment of goodwill and intangible assets was approximately $136.5 million during the six months ended June 30, 2025, compared to approximately $80.8 million for the six months ended June 30, 2024. See Note 8 – Goodwill and Other Intangible Assets of the Company’s unaudited condensed consolidated financial statements for further discussion.

Interest And Investment Income

Six Months Ended June 30,Change20252024$1,582$3,775$(2,193)(58.1)%

Interest income was approximately $1.6 million for the six months ended June