BEASLEY BROADCAST GROUP REPORTS THIRD QUARTER REVENUE OF $42.8 MILLION

Rhea-AI Summary

Beasley Broadcast Group (Nasdaq: BBGI) reported third-quarter 2026 revenue of $42.8 million, down year over year as advertising weakness continued. Revenue fell 16.1%, or 10.2% excluding divested and exited operations. The net loss widened to $12.1 million, or $6.51 per diluted share, from $3.6 million, or $1.97 per share. Results included a $13.1 million FCC license impairment charge.

Digital revenue fell 24% to $9.8 million, while its operating margin rose to 32% from 21%. Operating expenses excluding corporate costs, depreciation and amortization fell approximately $7.0 million. Adjusted EBITDA, a non-GAAP earnings measure, declined to $1.3 million from $3.9 million. September financing raised approximately $4.6 million in gross proceeds. After quarter-end, sales of two stations and two real estate parcels generated more than $10 million net; outstanding first-lien note principal was reduced to approximately $3.6 million.

14 points · 3 major

MixediHow this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 11 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointPost-quarter sales of two stations and two real estate parcels generated more than $10 million in net proceeds. 87% of market cap
• Major pointSeptember registered direct offering and concurrent private placement raised approximately $4.6 million in gross proceeds. 40% of market cap
• Major pointNine-month net income reached $75.4 million, versus a $6.4 million loss; diluted EPS was $41.01 versus negative $3.56.
• Moderate pointOutstanding first-lien note principal was reduced to approximately $3.6 million.
• Moderate pointThird-quarter operating expenses excluding corporate costs, depreciation and amortization declined approximately $7.0 million, or 15.1% year over year.
• Moderate pointThird-quarter digital operating margin rose to 32% from 21%, or 26% on a same-station basis.
• Moderate pointThird-quarter interest expense decreased to $1,305,212 from $3,279,031 a year earlier.

7 minor points

• Minor pointThird-quarter same-station operating expenses declined approximately $3.7 million year over year.
• Minor pointThird-quarter local direct revenue increased 7% year over year on a same-station basis.
• Minor pointNine-month same-station digital revenue increased 4.4% year over year.
• Minor pointNine-month debt restructuring generated a $91,785,121 gain.
• Minor pointNine-month disposition gains rose to $14,509,643 from $2,116,709 a year earlier.
• Minor pointNine-month interest expense decreased to $6,056,350 from $9,954,445 a year earlier.
• Minor point. Forward-looking: it has not happened yet and may not happen.Beasley plans to rebuild core revenue, expand digital profitability, improve free cash flow and reduce leverage.

Negative

• Major pointThird-quarter net loss widened to $12.1 million from $3.6 million; diluted loss was $6.51 versus $1.97.
• Moderate pointThird-quarter revenue fell 16.1% to $42.8 million; same-station revenue declined 10.2% year over year.
• Moderate pointThird-quarter adjusted EBITDA declined to $1.3 million from $3.9 million a year earlier.
• Moderate pointNine-month operating results swung to a $3.8 million loss from $2.1 million income.
• Minor pointThird-quarter operating loss widened to $12.8 million from $0.5 million a year earlier.

6 minor points

• Minor pointFCC license impairment losses totaled $13,066,200 in third-quarter 2026, versus none a year earlier.
• Minor pointThird-quarter digital revenue fell 24% to $9.8 million, with a 12.3% same-station decline.
• Minor pointThird-quarter local revenue, including locally sold digital packages, declined 6% year over year.
• Minor pointThird-quarter corporate expenses increased to approximately $3.9 million from $2.2 million; excluding applicable nonrecurring items, expenses were approximately $2.8 million.
• Minor pointNine-month revenue declined to $129.5 million from $152.9 million a year earlier.
• Minor pointNine-month adjusted EBITDA declined to $5.4 million from $9.7 million a year earlier.

News Explained

At September 30, 2026, Beasley reported $16,478 thousand in cash and cash equivalents and a working-capital deficit of $95,079 thousand.

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Key Figures

Net revenue: $42.8 million Operating loss: ($12.8 million) Adjusted EBITDA: $1.3 million +5 more

Net revenue

$42.8 million

Third quarter 2026; down 16.1% year over year

Operating loss

($12.8 million)

Third quarter 2026

Adjusted EBITDA

$1.3 million

Third quarter 2026, compared with $3.9 million in the prior-year period

Digital revenue

$9.8 million

Third quarter 2026; down 24% year over year

Digital operating margin

32%

Third quarter 2026, compared with 21% in Q3 2025

Offering gross proceeds

Approximately $4.6 million

Registered direct offering and concurrent private placement in September

Asset-sale net proceeds

More than $10 million

Subsequent to quarter-end; sale of two radio stations and two parcels of real estate

First-lien notes outstanding

Approximately $3.6 million

After the reported debt-reduction actions

Previous Earnings Reports

1 past event · Latest: Nov 10

Same Type 1 event

1. Nov 10

   Q3 earnings

   24h Move

   -16.8%

   Revenue declined 12.4% year over year and Adjusted EBITDA was $3.9 million.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

registered direct offering, first-lien notes, pre-funded warrants, form 10-q

4 terms

registered direct offering financial

"through a registered direct offering and concurrent private placement in September."

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

first-lien notes financial

"reducing the outstanding principal amount of first-lien notes to approximately $3.6 million"

Debt securities that are secured by a first-priority lien on specific collateral, meaning the noteholders have the primary legal claim to that collateral ahead of other creditors if the borrower defaults. The lien gives these holders superior rights to proceeds from the pledged assets (subject to the collateral’s value and any required legal steps to perfect the security interest); once the notes are repaid or the lien is released, the security interest ends. Priority applies only to the specified collateral and can be affected by how the lien is documented and perfected under applicable law.

pre-funded warrants financial

"risks related to provisions of the pre-funded warrants or common warrants"

Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.

form 10-q regulatory

"including its annual report on Form 10-K and quarterly reports on Form 10-Q"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Conference Call and Webcast Today, November 13, 2026 at 4:30 p.m. ET (800) 715-9871 or +1 (646) 307-1963, conference ID 1613596 or www.bbgi.com Replay information provided below

NAPLES, Fla., Nov. 13, 2026 /PRNewswire/ -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) ("Beasley" or the "Company"), a multi-platform media company, today announced operating results for the three-month period ended September 30, 2026. For further information, the Company has posted a presentation to its website regarding the first quarter highlights and accomplishments that management will review on today's conference call.

 

Third Quarter Financial Highlights
In millions, except per share data		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2026				2025				2026
Net revenue		$	51.0			$	42.8			$	152.9			$	129.5
Operating income (loss)			(0.5)				(12.8)				2.1				(3.8)
Net income (loss)			(3.6)				(12.1)				(6.4)				75.4
Net income (loss) per diluted share			(1.97)				(6.51)				(3.56)				41.01
Adjusted EBITDA (non-GAAP)		$	3.9			$	1.3			$	9.7			$	5.4

Third Quarter 2026 Highlights

• Revenue from new business accounted for 14% of net revenue
• Local revenue, including digital packages sold locally, accounted for 76% of net revenue and declined 6% year-over-year
• Digital revenue was $9.8 million, down 24% year-over-year and down 12% on a same-station basis 
• Digital revenue accounted for 23% of net revenue, or 24% of net revenue, excluding political  
• Digital segment operating margin was 32%, up from 21% in Q3'25

During the third quarter of 2026, Beasley continued to advance its strategic priorities of rebuilding core revenue, expanding digital profitability, and strengthening its balance sheet through disciplined deleveraging and portfolio optimization. Building on the comprehensive debt restructuring completed in May, the Company raised gross proceeds of approximately $4.6 million through a registered direct offering and concurrent private placement in September. Subsequent to quarter-end, Beasley completed the sale of two radio stations and two parcels of real estate, generating more than $10 million in net proceeds for the four assets sold. These actions further strengthened the Company's financial position, reducing the outstanding principal amount of first-lien notes to approximately $3.6 million and providing additional flexibility to execute its long-term operating strategy.

Net revenue during the three months ended September 30, 2026 of $42.8 million decreased 16.1%, or 10.2% on a same-station basis, reflecting continued weakness in traditional national and local agency advertising. These declines were partially offset by a 7% increase in local direct revenue on a same-station basis and contributions from political advertising. Digital revenue declined 12.3% on a same-station basis during the quarter, although year-to-date same-station digital revenue increased 4.4%. Importantly, digital operating margins expanded to approximately 32%, compared with 21% (or 26% on a same-station basis) in the prior-year period, reflecting continued progress toward a more efficient, higher-margin digital business.

Operating expenses, excluding corporate expenses, depreciation and amortization, declined approximately $7.0 million, or 15.1% year-over-year, reflecting the continued benefits of structural cost reduction initiatives implemented over the past two years. On a same-station basis, operating expenses declined approximately $3.7 million. The third quarter reflected a more complete benefit from the Company's most recent expense reduction initiatives implemented in May 2026, demonstrating the ongoing impact of its efforts to establish a more efficient and sustainable operating model.

Station Operating Income totaled approximately $3.6 million, representing an SOI margin of 8.5%. Corporate expenses totaled approximately $3.9 million, compared with $2.2 million in the prior-year period, reflecting restructuring, financing, and strategic transaction-related costs, as well as the absence of a prior-year franchise tax benefit. Excluding applicable nonrecurring items, corporate expenses were approximately $2.8 million.

Adjusted EBITDA was approximately $1.3 million for the third quarter of 2026, compared with $3.9 million in the prior-year period. While profitability continued to reflect pressure from lower advertising revenue, the Company's structural expense reductions meaningfully reduced the impact on operating performance.

Commenting on the financial results, Caroline Beasley, Chief Executive Officer, said:

"While the advertising environment remains challenging, our third-quarter results demonstrate the tangible progress we are making in building a more efficient and financially resilient company. The structural cost reductions implemented over the past two years are helping us protect profitability amid continued revenue pressure, while our digital business is generating stronger operating margins. We are encouraged by the growth in local direct advertising and remain focused on rebuilding revenue, improving sales productivity, and expanding the higher-margin products and services that we believe will support sustainable growth." 

"Looking ahead, our priorities remain clear: stabilize and rebuild core revenue, expand digital profitability, improve free cash flow generation, and continue reducing leverage. While there is more work ahead, we believe the actions we have taken have established a stronger operating and financial foundation. As we enter the next phase of our transformation, we remain focused on translating these improvements into more consistent financial performance and creating long-term value for our stockholders."

Conference Call and Webcast Information

The Company will host a conference call and webcast today, November 13, 2026 at 4:30 p.m. ET to discuss its financial results and operations. To access the conference call, interested parties may dial (800) 715-9871 or +1 (646) 307-1963 conference ID 1613596 (domestic and international callers). Participants can also listen to a live webcast of the call at the Company's website at www.bbgi.com. Please allow 15 minutes to register and download and install any necessary software. Following its completion, a replay of the webcast can be accessed for five days on the Company's website, www.bbgi.com.

Questions from analysts, institutional investors and debt holders may be e-mailed to ir@bbgi.com at any time up until 2:30 p.m. ET on Friday, November 13, 2026. Management will answer as many questions as possible during the conference call and webcast (provided the questions are not addressed in their prepared remarks).

About Beasley Broadcast Group

The Company is a multi-platform media company whose primary business is operating radio stations throughout the United States. The Company offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company owns and operates 47 AM and FM stations in the following large- and mid-size markets in the United States: Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, and Tampa-Saint Petersburg, FL. Approximately 17 million consumers listen to the Company's 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, X, text, apps and email. For more information, please visit www.bbgi.com. 

For further information, or to receive future Beasley Broadcast Group news announcements via e-mail, please contact Beasley Broadcast Group, at 239-263-5000 or ir@bbgi.com. 

Definitions

EBITDA is defined as net income (loss) before interest income or expense, income tax expense or benefit, depreciation, and amortization.    

Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain non-operating or other items that we believe are not indicative of the performance of our ongoing operations, such as impairment losses, other income or expense, one-time severance expense, stock-based compensation or equity in earnings of unconsolidated affiliates, gains on dispositions and gain on debt restructure. See "Reconciliation of Net Income (Loss) to Adjusted EBITDA" for additional information.      

Adjusted EBITDA is a measure widely used in the media industry. The Company recognizes that because Adjusted EBITDA is not calculated in accordance with GAAP, it is not necessarily comparable to similarly titled measures employed by other companies. However, management believes that Adjusted EBITDA provides meaningful information to investors because it is an important measure of how effectively we operate our business and assists investors in comparing our operating performance with that of other media companies. 

Same station revenue and same station operating expenses exclude revenue or operating expenses, as applicable, from all divestitures and other operations that were exited in the prior 12 months. These measures provide investors with a clearer view of core business performance by eliminating the impact of portfolio changes and enabling more meaningful year-over-year comparisons. By isolating the performance of continuing operations, same station results offer greater transparency into underlying trends, operational execution, and the effectiveness of strategic initiative. 

New business revenue is defined as revenue from an advertiser that has not advertised in the prior 13 months before the start of the current quarter. 

Note Regarding Forward-Looking Statements

Statements in this release that are "forward-looking statements" are based upon current expectations and assumptions and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as "looking ahead," "intends," "believes," "expects," "seek," "will," "should" or variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements, by their nature, address matters that are, to different degrees, uncertain. Key risks are described in the Company's reports filed with the Securities and Exchange Commission ("SEC") including its annual report on Form 10-K and quarterly reports on Form 10-Q. Readers should note that forward-looking statements are subject to change and to inherent risks and uncertainties and may be impacted by several factors, including:

• our ability to comply with the continued listing standards of Nasdaq and remain listed on Nasdaq and make periodic filings with the SEC;
• risks from health epidemics, natural disasters, terrorism, and other catastrophic events;
• adverse effects of inflation;
• external economic forces and conditions that could have a material adverse impact on our advertising revenues and results of operations;
• the ability of our stations to compete effectively in their respective markets for advertising revenues;
• our ability to develop compelling and differentiated digital content, products and services;
• audience acceptance of our content, particularly our audio programs;
• our ability to adapt or respond to changes in technology, standards and services that affect the audio industry;
• our dependence on federally issued licenses subject to extensive federal regulation;
• actions by the Federal Communications Commission ("FCC") or new legislation affecting the audio industry;
• increases in royalties we pay to copyright owners or the adoption of legislation requiring royalties to be paid to record labels and recording artists;
• our dependence on selected market clusters of stations for a material portion of our net revenue;
• credit risk on our accounts receivable;    
• impairment of our FCC licenses;
• our substantial debt levels and the potential effect of restrictive debt covenants on our operational flexibility and ability to pay dividends;
• the potential effects of hurricanes, extreme weather and other climate change conditions on our corporate offices and stations;
• the failure or destruction of the internet, satellite systems and transmitter facilities that we depend upon to distribute our programming;
• modifications or interruptions of our information technology infrastructure and information systems;
• the loss of key executives and other key employees;
• our ability to identify, consummate and integrate acquired businesses and stations;
• our Class A common stock has been subject to immediate and substantial dilution and other risks in connection with our recent equity offerings and may be subject to immediate and substantial dilution and other risks in connection with any potential future equity offerings;
• risks related to provisions of the pre-funded warrants or common warrants, including adverse effects on the market price of our Class A common stock and financings;
• risks related to our ability to continue as a going concern for at least one year from the date of issuance of the financial statements included in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2026;
• the fact that our Company is controlled by the Beasley family, which creates difficulties for any attempt to gain control of our Company; and
• other economic, business, competitive, and regulatory factors affecting our businesses, including those set forth in our filings with the SEC.

Our actual performance and results could differ materially because of these factors and other factors discussed in our SEC filings, including but not limited to our annual reports on Form 10-K or quarterly reports on Form 10-Q, copies of which can be obtained from the SEC at www.sec.gov, or our website at www.bbgi.com. All information in this release is as of November 13, 2026, and we undertake no obligation to update the information contained herein to actual results or changes to our expectations, except as required by law.

 

BEASLEY BROADCAST GROUP, INC. Condensed Consolidated Statements of Net Income (Loss) - Unaudited
		Three months ended								Nine months ended
		September 30,								September 30,
		2025				2026				2025				2026
Net revenue		$	50,977,046			$	42,759,161			$	152,889,222			$	129,473,598
Operating expenses:
Operating expenses (including stock-based compensation and excluding depreciation and amortization shown separately below)			46,084,806				39,120,809				136,076,265				120,099,610
Corporate expenses (including stock-based compensation)			2,161,204				3,852,356				9,949,909				9,740,900
Depreciation and amortization			1,530,090				1,616,541				4,771,435				4,898,815
FCC licenses impairment losses			—				13,066,200				—				13,066,200
Other operating expenses			2,156,103				—				2,156,103				—
Gain on dispositions			(418,481)				(2,048,166)				(2,116,709)				(14,509,643)
Total operating expenses			51,513,722				55,607,740				150,837,003				133,295,882
Operating income (loss)			(536,676)				(12,848,579)				2,052,219				(3,822,284)
Non-operating income (expense):
Interest expense			(3,279,031)				(1,305,212)				(9,954,445)				(6,056,350)
Gain on debt restructure			—				—				—				91,785,121
Gain on repurchase of long-term debt			—				—				525,000				—
Other income (expense), net			(108,078)				483,876				(632,934)				645,521
Income (loss) before income taxes			(3,923,785)				(13,669,915)				(8,010,160)				82,552,008
Income tax expense (benefit)			(315,153)				(1,570,741)				(1,598,890)				7,057,466
Net income (loss) before equity in earnings of unconsolidated affiliates			(3,608,632)				(12,099,174)				(6,411,270)				75,494,542
Equity in earnings of unconsolidated affiliates, net of tax			51,929				2,132				10,571				(83,364)
Net income (loss)		$	(3,556,703)			$	(12,097,042)			$	(6,400,699)			$	75,411,178
Basic net income (loss) per Class A and Class B common share		$	(1.97)			$	(6.51)			$	(3.56)			$	41.29
Diluted net income (loss) per Class A and Class B common share		$	(1.97)			$	(6.51)			$	(3.56)			$	41.01
Basic weighted-average common shares outstanding			1,804,027				1,858,838				1,796,981				1,826,555
Diluted weighted-average common shares outstanding			1,804,027				1,858,838				1,796,981				1,838,968

 

Selected Balance Sheet Data - Unaudited (in thousands)
		December 31,				September 30,
		2025				2026
Cash and cash equivalents		$	9,937			$	16,478
Working capital			230				(95,079)
Total assets			299,288				268,845
Long-term debt, net of unamortized debt issuance costs			235,287				32,014
Stockholders' equity (deficit)		$	(49,330)			$	31,417

 

Selected Statement of Cash Flows Data – Unaudited
		Nine months ended
		September 30,
		2025				2026
Net cash used in operating activities		$	(5,312,411)			$	(15,425,180)
Net cash provided by investing activities			6,878,372				25,120,086
Net cash used in financing activities			(1,002,042)				(3,153,781)
Net increase in cash and cash equivalents		$	563,919			$	6,541,125

 

Reconciliation of Net Income (Loss) to Adjusted EBITDA – Unaudited
		Three months ended								Nine months ended
		September 30,								September 30,
		2025				2026				2025				2026
Net income (loss)		$	(3,556,703)			$	(12,097,042)			$	(6,400,699)			$	75,411,178
Interest expense			3,279,031				1,305,212				9,954,445				6,056,350
Income tax expense (benefit)			(315,153)				(1,570,741)				(1,598,890)				7,057,466
Depreciation and amortization			1,530,090				1,616,541				4,771,435				4,898,815
EBITDA			937,265				(10,746,030)				6,726,291				93,423,809
Severance expenses			975,623				412,500				2,014,736				2,476,063
Non-recurring expenses			97,432				1,046,297				592,393				3,109,860
Stock-based compensation expenses			52,179				38,365				227,407				142,472
FCC licenses impairment losses			—				13,066,200				—				13,066,200
Other operating expenses			2,156,103				—				2,156,103				—
Gain on dispositions			(418,481)				(2,048,166)				(2,116,709)				(14,509,643)
Gain on debt restructure			—				—				—				(91,785,121)
Gain on repurchase of long-term debt			—				—				(525,000)				—
Other (income) expense, net			108,078				(483,876)				632,934				(645,521)
Equity in earnings of unconsolidated affiliates, net of tax			(51,929)				(2,132)				(10,571)				83,364
Adjusted EBITDA		$	3,856,270			$	1,283,158			$	9,697,584			$	5,361,483

 

Calculation of Same Station Net Revenue and Operating Expenses – Unaudited
		Three months ended								Nine months ended
		September 30,								September 30,
		2025				2026				2025				2026
Net revenue		$	50,977,046			$	42,759,161			$	152,889,222			$	129,473,598
Fort Myers			(1,742,321)				8,358				(5,595,893)				(290,649)
Augusta (WGUS-FM)			—				—				(1,612)				—
Tampa (WPBB-FM)			(302,842)				—				(968,963)				—
Digital			(1,320,453)				—				(4,917,984)				—
Outlaws			(4,579)				—				(4,579)				—
Same station net revenue		$	47,606,851			$	42,767,519			$	141,400,191			$	129,182,949
		Three months ended								Nine months ended
		September 30,								September 30,
		2025				2026				2025				2026
Operating expenses		$	46,084,806			$	39,120,809			$	136,076,265			$	120,099,610
Fort Myers			(1,410,088)				(60,964)				(4,660,720)				(1,341,497)
Tampa (WPBB-FM)			—				—				—				—
Digital			(1,887,771)				—				(5,902,306)				—
Outlaws			(6,712)				—				(6,712)				—
Same station operating expenses		$	42,780,235			$	39,059,845			$	125,506,527			$	118,758,113

 

Calculation of Same Station Audio Net Revenue and Audio Operating Expenses – Unaudited
		Three months ended								Nine months ended
		September 30,								September 30,
		2025				2026				2025				2026
Audio net revenue		$	38,030,320			$	32,938,992			$	116,002,560			$	97,293,487
Augusta (WGUS-FM)			—				—				(1,612)				—
Fort Myers			(1,317,982)				8,358				(4,385,187)				(217,301)
Tampa (WPBB-FM)			(302,842)				—				(968,963)				—
Same station audio net revenue		$	36,409,496			$	32,947,350			$	110,646,798			$	97,076,186
		Three months ended								Nine months ended
		September 30,								September 30,
		2025				2026				2025				2026
Audio operating expenses		$	35,863,262			$	32,440,367			$	107,353,557			$	94,517,559
Fort Myers			—				—				—				—
Tampa (WPBB-FM)			—				—				—				—
Same station audio operating expenses		$	35,863,262			$	32,440,367			$	107,353,557			$	94,517,559

 

Calculation of Same Station Digital Net Revenue and Digital Operating Expenses – Unaudited
		Three months ended								Nine months ended
		September 30,								September 30,
		2025				2026				2025				2026
Digital net revenue		$	12,946,726			$	9,820,169			$	36,886,662			$	32,180,111
Fort Myers			(424,339)				—				(1,210,706)				(73,348)
Digital			(1,320,453)				—				(4,917,984)				—
Outlaws			(4,579)				—				(4,579)				—
Same station digital net revenue		$	11,197,355			$	9,820,169			$	30,753,393			$	32,106,763
		Three months ended								Nine months ended
		September 30,								September 30,
		2025				2026				2025				2026
Digital operating expenses		$	10,221,544			$	6,680,442			$	28,722,708			$	25,582,051
Fort Myers			—				—				—				—
Digital			(1,887,771)				—				(5,902,306)				—
Outlaws			(6,712)				—				(6,712)				—
Same station digital operating expenses		$	8,327,061			$	6,680,442			$	22,813,690			$	25,582,051

 

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SOURCE Beasley Media Group, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Beasley Broadcast Group's third-quarter 2026 earnings results?

Beasley reported $42.8 million in revenue and a net loss of $12.1 million, or $6.51 per diluted share. Revenue declined 16.1% year over year. The prior-year quarter had a net loss of $3.6 million, or $1.97 per diluted share.

How much did Beasley Broadcast Group raise through financing and asset sales?

September financing raised approximately $4.6 million in gross proceeds, and asset sales completed after quarter-end generated more than $10 million in net proceeds. The financing comprised a registered direct offering and concurrent private placement. The asset sales covered two radio stations and two parcels of real estate.

What share of Beasley Broadcast Group's third-quarter 2026 revenue came from new business and digital advertising?

New business accounted for 14% of net revenue, while digital accounted for 23%, or 24% excluding political advertising. New business means advertisers that had not advertised in the prior 13 months before the quarter began. Local revenue, including locally sold digital packages, represented 76% of net revenue.

What was Beasley Broadcast Group's third-quarter 2026 station operating income?

Station operating income totaled approximately $3.6 million, representing a margin of 8.5% for third-quarter 2026.