Welcome to our dedicated page for Beasley Broad news (Ticker: BBGI), a resource for investors and traders seeking the latest updates and insights on Beasley Broad stock.
Beasley Broadcast Group, Inc. (Nasdaq: BBGI) is a multi-platform media company whose primary business is operating radio stations across selected large- and mid-size U.S. markets. The BBGI news feed on Stock Titan brings together the company’s official earnings announcements, operational updates and regulatory disclosures so investors can follow how its audio and digital businesses are evolving over time.
Company news frequently centers on quarterly and full-year financial results, where Beasley reports net revenue, operating income or loss, net income or loss, and non-GAAP measures such as EBITDA, Adjusted EBITDA and EBITDA per Indenture. These releases often highlight trends in audio and digital revenue, the share of total revenue generated by digital operations, and the contribution of local, agency, political and new business revenue.
Investors can also expect news about portfolio changes, such as announced or completed sales of individual stations or market assets, and references to divestitures or closures that affect same station metrics. Management commentary in these releases provides additional context on cost management, capital structure actions and the company’s focus on digital growth and local direct sales.
In addition, Beasley regularly issues notices about upcoming conference calls and webcasts to discuss results, along with forward-looking statements that outline key risks and industry factors referenced in its SEC filings. For anyone tracking BBGI stock, this news page offers a centralized view of the company’s reported performance, strategic actions and market communications, making it a useful resource to revisit around each earnings cycle and major corporate announcement.
Beasley Broadcast Group reported a 23.1% increase in digital revenue year-over-year for Q3 2022, contributing to a net revenue of $63.8 million, up from $62.9 million in Q3 2021. The company's net income reached $0.5 million, a significant improvement from a net loss of $1.6 million in the previous year. Although operating income slightly decreased to $4.7 million, Station Operating Income (SOI) rose by 5.1% to $12.3 million. Total outstanding debt stands at $290 million, with a strong liquidity position of $32.8 million in cash.
Beasley Broadcast Group, Inc. (Nasdaq: BBGI) has announced that it will release its third quarter financial results for 2022 before the market opens on November 7, 2022. A conference call and webcast will follow at 10:00 a.m. ET to discuss these results. Interested parties can join the call by dialing +1 773-305-6853 with conference ID 9182446 or listen via the company's website. Beasley operates 61 radio stations and reaches approximately 20 million unique consumers weekly through various platforms, celebrating over 60 years in the media industry.
Beasley Media Group (Nasdaq: BBGI) announced an asset exchange with Audacy, Inc. to trade its radio station KDWN-AM/101.5 FM for KXTE-FM 107.5 in Las Vegas. This move reinforces Beasley's commitment to premium local programming and augments its existing radio presence in the Las Vegas market, which includes four other stations. The exchange is slated for completion in Q4 2022, pending regulatory approval. Beasley has been managing its station portfolio for over 61 years, aiming to serve local communities effectively.
Beasley Broadcast Group (BBGI) reported an 8.8% increase in net revenue to $64.8 million for Q2 2022, fueled by recovery in audio and digital advertising. However, the company experienced an operating loss of $4.5 million, reflecting an $8.6 million non-cash impairment loss. Net loss reached $14.5 million, equating to $(0.48) per diluted share, compared to a profit of $0.2 million in Q2 2021. The total outstanding debt stood at $295 million with $45.9 million cash on hand. Digital revenue surged by 34.3%, contributing to growth, as the company initiated cost reductions to combat economic challenges.
Beasley Broadcast Group (BBGI) will announce its second quarter financial results on August 1, 2022, before market opening. A conference call is scheduled for 10:00 a.m. ET, allowing analysts and investors to engage with the management team. Beasley operates 61 stations across the U.S., serving approximately 20 million listeners weekly through various platforms. The company's esports portfolio includes the Houston Outlaws and BeasleyXP. For further updates, a replay of the call will be available for five days on their website.
Beasley Broadcast Group (BBGI) reported a 15.6% increase in net revenue for Q1 2022, reaching $55.7 million, primarily due to a 35.5% rise in digital segment revenue. However, the company faced an operating loss of $2.7 million, driven by rising expenses, including a $1.9 million non-cash impairment loss from the sale of WWNN-AM. Net loss improved to $3.7 million or $0.13 per diluted share, contrasting with a larger loss of $10.7 million in Q1 2021. Total debt stood at $300.0 million with $50.7 million in cash available.
Beasley Broadcast Group (BBGI) announced plans to release its first-quarter financial results for 2022 on May 9, 2022, before market opening. The company will host a conference call and webcast at 10:00 a.m. ET on the same day to discuss these results. Interested parties can join the call by dialing +1 773-305-6853 and entering conference ID 9879579. The company operates 61 radio stations across 15 markets, attracting approximately 20 million listeners weekly through various platforms, including digital applications.
Beasley Broadcast Group (Nasdaq: BBGI) reported a net revenue increase of 3.3% to $70.7 million in Q4 2021, attributed to gains in audio and digital advertising. The operating income fell to $6.5 million, a decline from $19.6 million the previous year, due to higher operating expenses and one-off gains in 2020. Full-year net revenues rose 17% to $241 million, driven by a 47.3% increase in digital revenue. The company reported a net income of $10.6 million, or $0.36 per diluted share, down from $11.0 million in Q4 2020. Total outstanding debt stood at $300 million, with $51.4 million in cash on hand.
Beasley Broadcast Group, Inc. (Nasdaq: BBGI) will announce its 2021 fourth quarter financial results on February 8, 2022, before the market opens. A conference call and webcast will follow at 10:00 a.m. ET for investors and analysts to discuss the results. Participants can join the call at +1 773-305-6853, conference ID 2580362, or through a live webcast via the company’s website. Beasley operates 62 radio stations in the U.S. and engages approximately 20 million consumers weekly across various digital platforms, including its esports portfolio.
Beasley Broadcast Group (Nasdaq: BBGI) reported strong operating results for Q3 2021, with net revenue of $62.9 million, a 27% increase from the previous year. Despite a net loss of $1.6 million or $0.06 per diluted share, improvements in audio and digital advertising revenue were evident, driven by a post-pandemic recovery. Station Operating Income rose to $11.7 million, a 45% increase year-over-year. The company continues to focus on digital transformation, with digital revenue increasing by 67%, reflecting the growing demand for their content.