BBGI
Beasley Broadcast Group, Inc.5.59
-0.18-3.12%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
10.08MP/E (TTM)
-Basic EPS (TTM)
-4.77Dividend Yield
0%Recent Filings
8-K
Notes maturity extended
Beasley Broadcast Group's subsidiary extended the springing maturity on its 9.200% second-lien and 11.000% first-lien notes due 2028 to November 14, 2025, from November 3, contingent on the 8.625% notes due 2026 remaining outstanding. This amendment, secured with majority holder consent on October 30, 2025, buys two weeks to refinance or retire the 2026 debt. It eases immediate liquidity pressure. Yet, success hinges on resolving the underlying notes.
8-K
CFO resigns; CEO assumes interim role
Beasley Broadcast Group announced CFO Lauren Burrows Coleman's resignation on October 9, 2025, effective October 17, to pursue other opportunities, with no disagreements cited. CEO Caroline Beasley steps in as interim principal financial officer, while VP Shaun Greening handles principal accounting duties. This leadership shift maintains continuity amid family-related leases totaling $1.0 million in 2024 rental expenses. Smooth transition expected.
10-Q
Q2 FY2025 results
Beasley Broadcast Group posted Q2 revenue of $53.0M, down 12.3% y/y from $60.4M, with audio sales dropping 16.0% to $39.8M on softer agency demand while digital held steady at $13.2M, up 1.3%. Operating income fell to $2.9M from $5.4M, but net loss narrowed to $0.2M or $(0.09) per share from $0.3M or $(0.18), aided by 45.9% lower interest expense to $3.3M post-debt restructure. Cash dipped slightly to $13.7M, with operating cash flow negative at $(0.4)M for the half versus $2.6M prior, yet free cash flow turned positive at $0.9M after $1.4M capex (derived). Debt stands at $239.1M including $2.8M current, bolstered by a $0.5M gain on repurchasing $1.5M notes at 65%. Assets held for sale hit $7.3M for a Tampa station sale, with two more Fort Myers deals pending for $18M total, set to exit that market by Q4. EPS aligns with 1.8M diluted shares; no anti-dilution flagged. Regulatory hurdles could delay these dispositions.
8-K
Q2 revenue falls 12.3%
Beasley Broadcast Group reported Q2 2025 net revenue of $53.0 million, down 12.3% from $60.4 million a year earlier, amid persistent softness in traditional audio advertising that dragged overall results. Yet digital revenue rose 1.3% to $13.2 million, comprising 25% of total and boasting a 27% operating margin, underscoring the shift to higher-margin streams. Pending sales of stations in Tampa and Fort Myers aim to streamline the portfolio. Ad market headwinds persist.
8-K
Stockholders approve equity plan
Beasley Broadcast Group stockholders approved the 2025 Equity Incentive Award Plan at the June 25, 2025, annual meeting, reserving 300,000 shares of Class A common stock for equity awards to employees, consultants, and directors. The vote passed with 8,834,595 for, 141,918 against, and 1,324 abstentions, alongside electing six directors, ratifying Crowe LLP as auditors, and advisory nods to executive pay and annual say-on-pay frequency. This bolsters talent retention amid radio market pressures. Plan details await full integration.
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