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 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.
Beasley Broadcast Group (Nasdaq: BBGI) will announce its 2021 Q3 financial results on November 2, 2021, prior to market open. A conference call is scheduled for 10:00 a.m. ET, which will also be available via live webcast. Beasley operates 62 radio stations across the U.S., reaching approximately 20 million listeners weekly through various platforms. The company recently expanded its esports presence with ownership of the Houston Outlaws and a Rocket League Championship Series team.
Beasley Broadcast Group (Nasdaq: BBGI) reported strong financial results for Q2 2021, with net revenue of $59.6 million, up 96.1% year-over-year and 24% from Q1 2021. The company achieved an operating income of $15.8 million compared to a loss of $17.6 million a year earlier. Net income attributable to BBGI stockholders was $10.2 million, compared to a loss of $17.7 million in Q2 2020. Digital revenue surged 96% year-over-year, making up approximately 13.4% of total revenue. The company ended the quarter with over $57 million in liquidity, reflecting improved financial stability.