Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 85

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 85
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 costs (income)(4)922(743)(720)—Segment Adjusted EBITDA$22,525 $8,831 $10,344 $52,209 (1) Effective January 1, 2025, segment information for the prior periods has been recast in this Quarterly Report on Form 10-Q to include reclassification of a portion of revenues from our CTV offering from the Digital segment to the Cable Television segment. (2) Effective January 1, 2025, prior period segment information has been recast between the Sales and marketing and the General and administrative in this Quarterly Report on Form 10-Q across the four segments to conform the presentation of significant segment expenses used to evaluate segment performance by the CODM. (3) Non-recurring litigation settlement costs include an approximately $3.1 million charge related to the rate increase for royalties for historical periods (see Note 13 - Commitments and Contingencies).(4) Other costs (income) include the remaining non-recurring costs (income) used to arrive at Segment Adjusted EBITDA.

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Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)(in thousands)Segment Adjusted EBITDA to loss from consolidated operations before benefit from income taxes reconciliationSegment Adjusted EBITDA$22,189 $33,108 $66,333 $93,909 Less: Corporate/Eliminations/Other(7,988)(7,694)(25,315)(17,316)Corporate costs(a)524 1,385 1,633 10,232 Litigation settlement costs (b)3,078 — 3,078 — Severance-related costs1,620 251 1,839 831 Loss from ceased non-core business initiatives— 762 466 1,983 Stock-based compensation365 1,152 1,615 3,615 Depreciation and amortization6,104 1,238 11,942 6,081 Impairment of goodwill and intangible assets— 46,823 136,521 127,581 Interest and investment income(512)(1,088)(2,094)(4,863)Interest expense9,448 11,649 30,076 37,051 Gain on retirement of debt(2,125)(3,472)(44,009)(18,771)