Beasley Broadcast Group Earnings Call Transcripts
Fiscal Year 2026
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Q2 saw improved adjusted EBITDA and a major debt restructuring, despite a 9.6% revenue decline. Digital revenue and audience grew, with digital now over half the total audience. Expense reductions and asset sales strengthened the balance sheet, with further benefits expected in H2 2026.
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Revenue and profitability declined year-over-year as legacy streams weakened, but digital revenue grew 18% and now exceeds 25% of total revenue. Significant debt restructuring and cost reductions have improved liquidity, with further deleveraging and digital expansion prioritized.
Fiscal Year 2025
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2025 saw significant revenue and EBITDA declines due to traditional audio weakness, but digital revenue and margins grew, and major cost reductions and asset sales were executed. A comprehensive debt restructuring is underway, positioning for stabilization and growth in 2026.
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Q3 revenue fell 11% year-over-year on a same-station basis, but digital revenue surged 28% and now comprises 25% of total revenue. Cost reductions and digital margin expansion drove improved profitability, while agency softness and category declines remain key risks.
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Q2 2025 saw digital revenue and margin growth, but total revenue declined 11% year-over-year due to structural agency weakness. Asset sales totaling $26 million will fund debt reduction, while digital is set to comprise up to 30% of revenue in Q3.
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Q1 2025 saw revenue decline 10.1% year-over-year, but digital segment growth and cost discipline drove a 28% increase in adjusted EBITDA. Digital revenue rose to 22% of total, and new partnerships and product optimizations are expected to support future growth.
Fiscal Year 2024
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Q4 net revenue rose 2.3% year-over-year, driven by strong political advertising, while full-year revenue declined 2.8%. Cost savings and debt reduction improved financial flexibility, and digital remains a key growth driver, expected to contribute half of new business in 2025.
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Q3 saw improved operating income and a $47 million debt reduction, with digital and political revenues offsetting declines in local and national ad sales. Expense reductions and capital structure improvements position the company for growth, with Q4 revenue pacing up mid-single digits.
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Q2 2024 saw a 2% same-station revenue decline but strong digital growth, now 21.5% of revenue. Adjusted EBITDA rose 11.4% to $8.8M, and operating income turned positive. Expense reductions and digital expansion are expected to drive H2 growth.