Beasley Broadcast Group reported second quarter 2026 net revenue of $44.1 million, with same-station net revenue down 9.6% amid weakness in traditional national and local agency advertising. GAAP net income was $84.3 million, largely driven by a $91.8 million gain on debt restructuring.
Adjusted EBITDA (non-GAAP) rose to $5.3 million from $4.7 million a year earlier as operating expenses declined 13.2% and corporate expenses fell 37.3%, reflecting roughly $30 million in annualized cost savings over the prior twelve months. Digital revenue was $11.7 million, down 11.6% year-over-year but up 7.1% on a same-station basis, and represented 26% of net revenue with a 15.4% digital segment operating margin.
Through exchanges and repurchases completed on May 1, 2026, the company reduced total outstanding debt by $95 million, including a 46% reduction in second lien debt, contributing to long‑term debt of $144.8 million and stockholders’ equity of $38.8 million as of June 30, 2026.
Beasley Broadcast Group, Inc. reported that it is postponing the release of its financial results for the fiscal quarter ended June 30, 2026, as well as the related conference call and webcast. The company states that it needs additional time to finalize the tax accounting treatment of a refinancing and debt restructuring that was completed during the same quarter.
Beasley expects to hold the rescheduled Q2 2026 earnings conference call and webcast on or before Friday, August 14, 2026, and plans to announce the new date and time in a subsequent press release. The postponement itself, and the associated press release, are provided as furnished information under securities laws rather than as filed information.
The company also highlights its multi-platform media operations, including ownership of 49 AM and FM stations in 9 U.S. markets, which collectively reach roughly 18 million unique consumers weekly across broadcast and digital channels.
Beasley Broadcast Group, Inc. held its 2026 annual stockholder meeting on July 22, 2026 in Naples, Florida. Stockholders elected all seven director nominees to serve until the next annual meeting or until successors are elected and qualified, with support levels generally above 8.5 million votes for each nominee when all classes of common stock are counted.
Stockholders also approved, on an advisory basis, the compensation of the company’s named executive officers, with 8,648,534 votes in favor, 47,869 against, 460 abstentions and 327,824 broker non-votes. In addition, they ratified the appointment of Crowe LLP as independent registered public accounting firm for the year ending December 31, 2026, with 9,004,565 votes for, 9,303 against and 10,819 abstentions.
Beasley Broadcast Group, Inc. insider Bruce G. Beasley filed Amendment No. 3 to update his ownership in the company’s Class A Common Stock. He now beneficially owns 84,516 shares, representing 8.1% of the class, through a mix of direct holdings and several family trusts, including Class B shares convertible into Class A on a one-for-one basis.
The ownership percentage is based on 1,042,600 shares of Common Stock, which includes 984,014 shares outstanding and 58,586 Class B shares he holds on an as-converted basis. The filing also notes that on June 30, 2026, he acquired 1,875 shares upon vesting of restricted stock units, with 518 shares withheld for taxes, and that the amounts reflect a 1-for-20 reverse stock split completed on September 23, 2024.
Caroline Beasley has amended her Schedule 13D to update her beneficial ownership in Beasley Broadcast Group, Inc. Class A Common Stock. She now beneficially owns 97,037 shares, representing 9.3% of the class based on 1,042,600 shares of Common Stock.
The total includes shares of Class B Common Stock that are convertible into Class A at a one-for-one ratio through several Beasley family trusts, along with shares held directly. The filing also reflects a 1-for-20 reverse stock split on September 23, 2024 and notes the June 30, 2026 vesting of 5,000 restricted stock units, of which 1,217 shares were withheld for taxes.
Beasley Broadcast Group president Bruce G. Beasley reported routine equity compensation activity involving Class A Common Stock. On June 30, 2026, he exercised 1,875 Restricted Stock Units, converting them into the same number of Class A shares at a stated price of $0.00 per share.
To cover tax obligations tied to this vesting, 518 Class A shares were disposed of through a tax-withholding transaction at $26.13 per share, rather than an open-market sale. Following these transactions, he directly holds 25,834 Class A shares, and 1,875 Restricted Stock Units remain outstanding, each representing a contingent right to receive one Class A share.
BEASLEY BROADCAST GROUP INC director and CEO Caroline Beasley reported routine equity compensation activity. She exercised derivative awards to acquire 5,000 shares of Class A Common Stock and had 1,217 shares withheld at a price of $26.13 per share to cover tax obligations. Following these transactions, she directly holds 38,355 Class A Common shares. The filing also notes restricted stock units, each representing a contingent right to receive one share of Class A Common Stock, which vest in three equal annual installments beginning on June 30, 2025.
Beasley Broadcast Group Chief Operating Officer Brian E. Beasley reported routine equity compensation activity involving Class A Common Stock. On June 30, 2026, he exercised 4,250 restricted stock units, converting them into the same number of Class A shares. To cover tax obligations, 1,035 shares were disposed of as a tax-withholding transaction, based on a price of $26.13 per share, leaving him with 30,679 Class A shares held directly after the transactions. The filing also shows 680 Class A shares held indirectly by his children; he disclaims beneficial ownership of those shares. Each restricted stock unit represents a contingent right to receive one Class A share and the units vest in three equal annual installments beginning on June 30, 2025.
Beasley Broadcast Group entered an Equity Distribution Agreement that allows “at-the-market” sales of its Class A common stock with an aggregate offering price of up to $5,235,810 million. The company can sell shares from time to time on Nasdaq or through negotiated transactions using Noble Capital Markets as sales agent.
These shares will be issued under an already effective shelf registration statement, together with a base prospectus and a June 12, 2026 prospectus supplement. The agreement includes customary conditions, indemnification and termination rights, and explicitly states it does not itself constitute an offer to sell securities.
Beasley Broadcast Group, Inc. proposes an at-the-market offering registering up to $5,235,810 of Class A Common Stock through an Equity Distribution Agreement with Noble Capital Markets, Inc., subject to the terms of the agreement.
The Sales Agent may sell shares from time to time at prevailing market prices and will receive a 3.0% commission on gross sales. The prospectus supplement states the company calculated an aggregate market value of Class A common stock held by non-affiliates of $15,707,434 (based on 681,155 non-affiliate shares as of June 5, 2026 at a per-share price of $23.06 as of June 10, 2026). The supplement discloses intended uses of net proceeds including debt reduction, working capital and general corporate purposes and notes material features of the capital structure, including outstanding $98,475,254 aggregate principal of 2027 PIK Notes that contain potential equity-conversion provisions.