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Beasley Broadcast Group Inc - BBGI STOCK NEWS

Welcome to our dedicated news page for Beasley Broadcast Group (Ticker: BBGI), a resource for investors and traders seeking the latest updates and insights on Beasley Broadcast Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Beasley Broadcast Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Beasley Broadcast Group's position in the market.

Rhea-AI Summary
Beasley Broadcast Group, Inc. (BBGI) announces its operating results for the three- and twelve-month periods ended December 31, 2023. Despite a decrease in net revenue, the company reported a significant improvement in operating income and net income compared to the previous year. Adjusted EBITDA decreased due to lower net revenue. The CEO highlighted the impact of cyclical political revenue and ongoing advertising market softness, offset by revenue diversification and cost management initiatives.
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1.2%
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Rhea-AI Summary
Beasley Broadcast Group, Inc. (BBGI) will release its 2023 fourth quarter and full year financial results on February 12, 2024, followed by a conference call and webcast. Interested parties can access the call and webcast through various channels, including a live webcast on the company's website. Questions from analysts, institutional investors, and debt holders can be submitted via email before the event.
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Rhea-AI Summary
Beasley Broadcast Group, Inc. (Nasdaq: BBGI) reported a net loss of $67.5 million in the third quarter of 2023, inclusive of $88.8 million of non-cash impairment losses. Adjusted EBITDA was $5.5 million, reflecting a year-over-year decrease primarily due to lower net revenue. Digital revenue grew by 9.1% and accounted for 18.6% of quarterly revenue. Operating expenses and corporate expenses decreased by 2.7% and 12.5%, respectively.
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-10.84%
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Rhea-AI Summary
Beasley Broadcast Group to report 2023 Q3 financial results on November 1, 2023
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4.41%
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conferences earnings
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Rhea-AI Summary
Beasley Broadcast Group, Inc. (Nasdaq: BBGI) announced its operating results for the three-month period ended June 30, 2023. Net revenue decreased 2.1% to $63.5 million, primarily due to a decline in audio revenue offset by an increase in digital revenue. The company reported a net loss of $10.4 million, a reduction of more than $4.0 million compared to the same period in 2022. Adjusted EBITDA increased 16.8% to $7.7 million. Beasley's digital revenue grew by 14.8% year-over-year, accounting for 19.4% of total revenue.
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3.16%
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27.27%
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1.32%
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3.51%
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Beasley Broadcast Group Inc

Nasdaq:BBGI

BBGI Rankings

BBGI Stock Data

25.46M
9.75M
33.15%
21.78%
0.15%
Radio Networks
Information
Link
US
Naples

About BBGI

beasley media group, inc. is a subsidiary of beasley broadcast group, inc. (nasdaq: bbgi), which was founded in 1961 by george g. beasley. today, beasley broadcast group owns and operates 69 stations (50 fm and 19 am) in 16 large-and mid-size markets in the united states. approximately 20.1 million consumers listen to beasley radio stations weekly over-the-air, online and on smartphones and tablets and millions regularly engage with the company’s brands and personalities through digital platforms such as facebook, twitter, text, apps and email. for more information, visit www.bbgi.com.