URBAN ONE, INC.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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PART I. FINANCIAL INFORMATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| NET REVENUE | $92,677 | $110,393 | $276,543 | $332,547 |
| OPERATING EXPENSES: | ||||
| Programming and technical, including stock-based compensation of $14, $9, $43, and $23 respectively | 34,719 | 33,920 | 93,993 | 99,849 |
| Selling, general and administrative, including stock-based compensation of $351, $1,143, $1,572, and $3,592 respectively (a) | 49,344 | 54,609 | 150,163 | 172,766 |
| Depreciation and amortization | 6,104 | 1,238 | 11,942 | 6,081 |
| Impairment of goodwill and intangible assets | — | 46,823 | 136,521 | 127,581 |
| Total operating expenses | 90,167 | 136,590 | 392,619 | 406,277 |
| Operating income (loss) | 2,510 | (26,197) | (116,076) | (73,730) |
| INTEREST AND INVESTMENT INCOME | 512 | 1,088 | 2,094 | 4,863 |
| INTEREST EXPENSE | (9,448) | (11,649) | (30,076) | (37,051) |
| GAIN ON RETIREMENT OF DEBT | 2,125 | 3,472 | 44,009 | 18,771 |
| OTHER INCOME, NET | 359 | 74 | 675 | 974 |
| Loss from consolidated operations before benefit from income taxes | (3,942) | (33,212) | (99,374) | (86,173) |
| BENEFIT FROM INCOME TAXES | 1,121 | 1,814 | 6,845 | 17,824 |
| NET LOSS FROM CONSOLIDATED OPERATIONS | (2,821) | (31,398) | (92,529) | (68,349) |
| LOSS FROM UNCONSOLIDATED JOINT VENTURE | — | — | — | (411) |
| NET LOSS | (2,821) | (31,398) | (92,529) | (68,760) |
| NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS | 9 | 400 | (55) | 976 |
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | $(2,830) | $(31,798) | $(92,474) | $(69,736) |
| NET LOSS TO COMMON STOCKHOLDERS (per share) | ||||
| Basic | $(0.06) | $(0.68) | $(2.07) | $(1.43) |
| Diluted | $(0.06) | $(0.68) | $(2.07) | $(1.43) |
| WEIGHTED-AVERAGE SHARES OUTSTANDING: | ||||
| Basic | 44,366,979 | 47,105,290 | 44,631,511 | 48,614,438 |
| Diluted | 44,366,979 | 47,105,290 | 44,631,511 | 48,614,438 |
(a)Corporate selling, general and administrative expenses have been collapsed with Selling, general and administrative expenses in the unaudited condensed consolidated statements of operations.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(In thousands)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| NET LOSS | $(2,821) | $(31,398) | $(92,529) | $(68,760) |
| COMPREHENSIVE LOSS | $(2,821) | $(31,398) | $(92,529) | $(68,760) |
| LESS: COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS | 9 | 400 | (55) | 976 |
| COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | $(2,830) | $(31,798) | $(92,474) | $(69,736) |
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