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 operates as a multi-platform media company centered on AM and FM radio stations in U.S. markets. Its news releases regularly cover financial results and conference calls, station brands and local programming, advertiser-focused audio and digital marketing, and community initiatives tied to its market operations.
Company updates also address capital-structure developments, material agreements, shareholder voting matters, and governance topics. The recurring coverage reflects a broadcast-media business whose revenue base is tied to local and national advertising across audio, digital, event, and audience-engagement platforms.
Beasley Broadcast Group, Inc. reported first-quarter revenue of $54.4 million with a net income of approximately $8,000, or $0.00 per diluted share, in the three months ended March 31, 2024. The company also posted a presentation on its website regarding the first quarter highlights and accomplishments. The revenue decline was primarily due to a decrease in audio advertising and other revenue, offset by growth in digital and political advertising revenue. Adjusted EBITDA was $0.7 million in the first quarter of 2024, reflecting a decrease compared to the prior year.
Beasley Broadcast Group, Inc. (Nasdaq: BBGI) will release its 2024 first quarter financial results on May 8, 2024, followed by a conference call and webcast to discuss the results. Interested parties can access the call via phone or webcast. Questions can be submitted in advance for management to address during the event.
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Beasley Broadcast Group, Inc. (BBGI) reported a 3.7% increase in net revenue for Q1 2023, totaling $57.8 million, driven by robust digital growth and local spot revenue. Operating income improved to $0.4 million, a significant turnaround from a loss of $2.7 million in Q1 2022, reflecting effective cost management and revenue diversification. However, the company experienced a net loss of $3.5 million or $0.12 per diluted share, showing a slight improvement from a $3.7 million loss year-over-year. Station Operating Income (SOI), a non-GAAP measure, rose 21% to $7.1 million, underscoring the success of Beasley’s digital initiatives and reduced operating expenses. As of March 31, 2023, the company held $35.9 million in cash and had a total debt of $290 million.
Beasley Broadcast Group (Nasdaq: BBGI) is set to release its 2023 first quarter financial results before market opening on April 26, 2023. A conference call will follow at 11:00 a.m. ET to discuss these results. Interested parties can join the call by dialing 877-407-4018 or 201-689-8471, using conference ID 13738280. A live webcast will also be available on the company's website.
The company, celebrating its 62nd anniversary, operates 61 AM and FM stations across 14 markets, reaching approximately 20 million consumers weekly. The conference call will allow for questions from analysts and investors, submitted up to 9:00 a.m. ET on the same day.