Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 65

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 Early adoption is permitted, and the standard is to be applied prospectively. The Company is in the process of evaluating the impact of this new guidance on its consolidated financial statements.

In September 2025, the FASB issued ASU No. 2025-06, “Intangibles - Goodwill and Other - Internal Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software”, which amends certain aspects of the accounting for and disclosure of software costs under ASC 350-40. The standard is effective for annual reporting periods beginning after December 15, 2027, including interim reporting periods within those annual reporting periods. Early adoption is permitted, and the standard can be applied prospectively, retrospectively, or on a modified basis for in-process projects. The Company is in the process of evaluating the impact of this new guidance on its consolidated financial statements. 

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3. NET REVENUERevenue RecognitionThe following tables show the sources of the Company’s net revenue by contract type and segment for the three and nine months ended September 30, 2025 and 2024:(In thousands)RadioBroadcastingReachMediaDigital(1)CableTelevision(1)All Other - Corporate/EliminationsConsolidatedThree Months Ended September 30, 2025Radio advertising$32,693$6,111$—$—$(681)$38,123Political advertising190—11——201Digital advertising——12,685——12,685Cable Television advertising———22,674—22,674Cable Television affiliate fees———17,089—17,089Event revenues & other1,84236—27—1,905Net revenue$34,725$6,147$12,696$39,790$(681)$92,677Three Months Ended September 30, 2024Radio advertising$36,418$9,231$—$—$(658)$44,991Political advertising2,140443964——3,547Digital advertising(1)——17,327——17,327Cable Television advertising(1)———23,975—23,975Cable Television affiliate fees———18,808—18,808Event revenues & other1,158573—14—1,745Net revenue$39,716$10,247$18,291$42,797$(658)$110,393(In thousands)RadioBroadcastingReachMediaDigital(1)CableTe