BBGI
Beasley Broadcast Group, Inc.5.59
-0.18-3.12%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
10.08MP/E (TTM)
-Basic EPS (TTM)
-4.77Dividend Yield
0%Recent Filings
8-K
Beasley inks debt restructuring TSA
Beasley Broadcast Group signed a Transaction Support Agreement on March 20, 2026, with holders of 98.7% of its $31M 11% first-lien notes due 2028 and 76.5% of its $185M 9.2% second-lien notes due 2028. Supporting holders commit to tender $15.9M first-lien notes at par—funded by Fort Myers station sale and $35M new ABL—and exchange all second-lien notes at 50% ratio for 10% PIK notes due 2027, with indenture amendments releasing second-lien collateral. Lenders gain board seats and strategic committee control; PIK notes convertible to 95% equity by Dec. 31, 2027, subject to springing maturity and FCC approval. Creditors seize control.
8-K
Grace period invoked on notes
Beasley Broadcast Group's subsidiary skipped $8.5M interest on 9.2% second-lien notes due 2028 and $1.7M on 11% first-lien notes due August 2028, both due February 2, 2026, invoking the 30-day grace period without triggering default. Operations remain unaffected. No default yet. Company pursues debt restructuring talks amid liquidity strain.
8-K
Notes maturity extended
Beasley subsidiary locked in supplemental indentures on November 12, 2025, extending the springing maturity on its 9.2% second-lien and 11% first-lien notes due 2028 to January 31, 2026—provided 2026 notes clear. Deal boosts receivables facility capacity to $46.5M, eases asset sale rules including WPBB sale proceeds for taxes and payables, yet tightens some thresholds. Debt breathes.
8-K
Q3 revenue drops, digital rises
Beasley Broadcast Group reported Q3 net revenue of $51.0 million, down 12.4% from $58.2 million last year amid agency ad weakness, yet digital revenue surged 14.6% to $13.0 million—25% of total. Operating loss hit $0.3 million versus $1.2 million income; Adjusted EBITDA fell to $3.9 million. Digital margins hit 21%. Closed WPBB-FM sale for $8.0 million; Ft. Myers assets pending.
10-Q
Q3 FY2025 results
Beasley Broadcast Group posted Q3 revenue of $51.0M, down 12.4% y/y from $58.2M as audio dropped 18.9% to $38.0M while digital climbed 14.6% to $12.9M; expenses fell faster at 7.7%, but $1.7M ASCAP royalty hit flipped operating income to a $0.5M loss from $1.2M profit. Interest halved to $3.3M post-restructure, narrowing net loss to $3.6M or $(1.97) per share on 1.8M diluted shares—anti-dilution excluded RSUs. Cash holds at $14.3M with $240M debt (9.2%-11% notes due 2028); sold Tampa assets for $8M cash, $18M Fort Myers pending Q1 2026. Operating cash used $5.3M YTD. Debt covenants curb dividends.
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