URBAN ONE, INC. REPORTS YEAR END 2023 AND FIRST QUARTER 2024 RESULTS

Three Months Ended March 31, 2024 2023 NET REVENUE $104,410$ 109,869 OPERATING EXPENSES Programming and technical, excluding stock-based compensation 32,659 33,854 Selling, general and administrative, excluding stock-based compensation 39,737 36,715 Corporate selling, general and administrative, excluding stock-based compensation 15,892 8,530 Stock-based compensation 1,384 3,278 Depreciation and amortization 1,850 2,597 Impairment of goodwill, intangible assets, and long-lived assets - 16,775 Total operat ...