On June 30, just as many of its peers were starting the process of crunching the numbers for the second quarter of 2023, Urban One filed its full-year results for 2022 with the Securities & Exchange Commission (SEC).
The delay, primarily due to a re-evaluation of its accounting for the valuation of its MGM National Harbor investment, overshadowed fiscal results that were positive, as earnings per share increased to $0.72 on a diluted basis, up from $0.68.
Now, Urban One has moved ahead with dismissing the accounting firm linked to those faulty numbers, which also saw restated impairment charges for the Radio One arm.
