Beasley Broadcast Group

Beasley Broadcast Group, Inc., a multi-platform media company, operates radio stations in the United States. It also operates Houston Outlaws, an esports team that competes in the Overwatch League. The company was founded by George G. Beasley in 1961 and is headquartered in Naples, FL.

Earnings data Q1 2021

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Earnings data Q4 2024

Beasley Broadcast Group reports revenue decline but strengthens digital presence

Beasley Broadcast Group faced revenue challenges due to industry-wide ad softness, but saw growth in net political revenue and digital revenue. The company's focus on digital revenue growth, cost-cutting initiatives, and debt reduction strategies are key highlights. Despite revenue declines, Beasley is strategically positioning itself for future growth through digital expansion and operational efficiency.

Beasley Broadcast Group reports mixed Q2 results, focuses on profitability

Beasley Broadcast Group faced revenue declines but saw growth in digital and national revenue, with a focus on cost optimization and profitability improvements.
The company's strategic initiatives to enhance digital capabilities, reduce expenses, and address leverage position it for potential growth in the future.
Despite challenges in revenue and expenses, Beasley Broadcast Group remains optimistic about its growth prospects and is actively pursuing opportunities for financial optimization.

Beasley Broadcast Group reports mixed Q3 performance, eyes revenue growth

Beasley Broadcast Group's Q3 performance showed resilience amidst challenges, with a focus on debt reduction, digital revenue growth, and expense management.
While facing declines in certain revenue segments, the company capitalized on political revenue and operational efficiencies to drive savings and maintain financial stability.
Looking ahead, opportunities in traditional and digital revenue expansion, along with positive revenue comps anticipated in Q4, position the company for continued growth.
Navigating challenges such as revenue declines and advertiser hesitancy, Beasley Broadcast Group remains focused on strategic initiatives to drive long-term success.

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Beasley Broadcast Group, Inc. is multi-platform media company, which engages in the operation of radio stations in the United States. The firm offers marketing solutions across event platforms. It operates through the following business segments: Audio, Digital, and Other. The company was founded by George G. Beasley in 1961 and is headquartered in Naples, FL.

Beasley Broadcast Group, Inc (NASDAQ:BBGI ) Q3 2024 Results Conference Call November 5, 2024 11:30 AM ET Company Participants Caroline Beasley - Chief Executive Officer Lauren Coleman - Chief Financial Officer Operator Good morning, and welcome to Beasley Broadcast Group Third Quarter 2024 Earnings Call. Before proceeding, I would like to emphasize that today's conference call and webcast will contain forward-looking statements about our future performance and results of operations that involve risks and uncertainties described in the Risk Factors section of our most recent annual report on Form 10-K as supplemented by our quarterly report on Form 10-Q.

Beasley Broadcast Group, Inc (BBGI) Q3 2024 Earnings Call Transcript

NAPLES, Fla., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it will report its 2024 third quarter financial results before the market opens on Tuesday, November 5, 2024. The Company will host a conference call and webcast at 11:30 a.m. ET that morning to review the results.

Beasley Broadcast Group to Report 2024 Third Quarter Financial Results, Host Conference Call and Webcast on November 5

NAPLES, Fla., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (the “Company”), a multi-platform media company, today announced the settlement of its previously announced exchange (the “Exchange Offer”) of the Company's existing 8.625% Senior Secured Notes due 2026 (the “Existing Notes”), cash offer to purchase up to $68.0 million of Existing Notes at a purchase price of 62.5% (the “Tender Offer”) and new notes offer of $30.9 million aggregate principal amount of 11.000% Superpriority Senior Secured Notes due 2028 (the “New Notes” and such offer, the “New Notes Offer” and together with the Exchange Offer and the Tender Offer, collectively, the “Offers”).

Beasley Broadcast Group Announces Settlement of Previously Announced Exchange Offer and Tender Offer

Beasley Broadcast Group announces the expiration and final results of its exchange offer, tender offer and consent solicitation of its existing notes.

Beasley Broadcast Group Announces Expiration of Exchange Offer, Tender Offer and Consent Solicitation and Acceptance of Approximately 98.4% of Outstanding Notes

NAPLES, Fla., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (the “Company”), a multi-platform media company, today announced that the Withdrawal Deadline, Expiration Date and Subscription Form Delivery Date in connection with the previously announced exchange offer (the “Exchange Offer”), tender offer (the “Tender Offer”), and offering of new notes (the “New Notes Offer” and together with the Exchange Offer and the Tender Offer, collectively, the “Offers”) by its wholly owned subsidiary, Beasley Mezzanine Holdings, LLC (the “Issuer”), have been extended to 5:00 P.M., New York City time, on October 4, 2024, unless further extended. The Settlement Date has been extended to October 8, 2024, unless further extended.

Beasley Broadcast Group Extends Withdrawal Deadline, Expiration Date and Subscription Form Delivery Date of Previously Announced Exchange Offer and Tender Offer

NAPLES, Fla., Sept. 06, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (the “Company”), a multi-platform media company, today announced that its wholly owned subsidiary, Beasley Mezzanine Holdings, LLC (the “Issuer”), has commenced an exchange offer (the “Exchange Offer”) pursuant to which holders (the “Existing Noteholders”) may exchange their outstanding 8.625% Senior Secured Notes due 2026 (the “Existing Notes”) into: (i) newly issued 9.200% Senior Secured Notes due August 1, 2028 (the “Exchange Notes”) at an exchange ratio of 95.0% of the aggregate principal amount (or $950 per $1,000 of principal amount) of the Existing Notes tendered for exchange; (ii) a pro rata share of 3,588,495 shares of Class A common stock of the Company (the “Exchange Shares”), based upon pro rata ownership of the Exchange Notes issued by the Issuer, pursuant to the terms and conditions described in the Exchange Offer Memorandum and Consent Solicitation Statement, dated September 5, 2024 (the “Exchange Offering Memorandum”) and (iii) a consent fee of $5.00, in each case per $1,000 principal amount of Existing Notes tendered (together with the Exchange Notes and Exchange Shares, the “Exchange Consideration”). A holder of approximately 73% of the Existing Notes has entered into a transaction support agreement to support the Exchange Offer, subject to certain customary conditions, including a minimum participation condition (the “TSA Minimum Participation Condition”) requiring 100% of Existing Noteholders to participate in the Exchange Offer or Tender Offer (as described below).

Beasley Broadcast Group Launches Exchange Offer, New Notes Offer, Tender Offer and Consent Solicitations Relating to Existing Notes

Beasley Broadcast Group, Inc. (NASDAQ:BBGI ) Q2 2024 Earnings Conference Call August 12, 2024 11:00 AM ET Company Participants Caroline Beasley - CEO Marie Tedesco - CFO Operator Good morning, and welcome to Beasley Broadcast Group's Second Quarter 2024 Earnings Call. Before proceeding, I would like to emphasize that today's conference call and webcast will contain forward-looking statements about our future performance and results of operations that involve risks and uncertainties described in the Risk Factors section of our most recent Annual Report on Form 10-K as supplemented by our quarterly reports on Form 10-Q.

Beasley Broadcast Group, Inc. (BBGI) Q2 2024 Earnings Call Transcript

Beasley Broadcast Group (BBGI) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.08 per share a year ago.

Beasley Broadcast Group (BBGI) Reports Q2 Loss, Misses Revenue Estimates

Second Quarter Digital Revenue Grew 5.7% Year-over-year, and 10.4% on a Same Station Basis Net Loss Decreased by $10.2 Million and Adjusted EBITDA Grew 11.4% to $8.8 Million   Conference Call and Webcast Today, August 12, 2024 at 11:00 a.m. ET 877-407-4018 or 201-689-8471, conference ID 13747961 or www.bbgi.com   Replay information provided below   NAPLES, Fla.

Beasley Broadcast Group Reports Second Quarter Revenue of $60.4 Million

NAPLES, Fla., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it will report its 2024 second quarter financial results before the market opens on Monday, August 12, 2024. The Company will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.

Beasley Broadcast Group to Report 2024 Second Quarter Financial Results, Host Conference Call and Webcast on August 12

Beasley (BBGI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Beasley (BBGI) a New Buy Stock

Beasley Broadcast Group, Inc. (NASDAQ:BBGI ) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Caroline Beasley - CEO Marie Tedesco - CFO Conference Call Participants Operator Good morning, and welcome to Beasley Broadcast Group First Quarter 2024 Earnings Call. Before proceeding, I would like to emphasize that today's conference call and webcast will contain forward-looking statements about our future performance and results of operations that involve risks and uncertainties described in the Risk Factors section of our most recent annual report on Form 10-K as supplemented by our quarterly reports on Form 10-Q.

Beasley Broadcast Group, Inc. (BBGI) Q1 2024 Earnings Call Transcript

Beasley Broadcast Group (BBGI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.12 per share a year ago.

Beasley Broadcast Group (BBGI) Reports Break-Even Earnings for Q1

NAPLES, Fla., May 08, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three-month period ended March 31, 2024. For further information, the Company has posted a presentation to its website regarding the first quarter highlights and accomplishments that management will review on today's conference call.

Beasley Broadcast Group Reports First Quarter Revenue of $54.4 Million

NAPLES, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- May 1, 2024 – Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it will report its 2024 first quarter financial results before the market opens on Wednesday, May 8, 2024. The Company will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.

Beasley Broadcast Group to Report 2024 First Quarter Financial Results, Host Conference Call and Webcast on May 8

Beasley Broadcast Group, Inc. (BBGI) Q4 2023 Earnings Call Transcript

NAPLES, Fla., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three- and twelve-month periods ended December 31, 2023. For further information, the Company has posted a presentation to its website regarding the fourth quarter highlights and accomplishments that management will review on today's conference call.

Beasley Broadcast Group Reports Fourth Quarter Revenue of $65.7 Million and Diluted EPS of $0.21

Beasley Broadcast Group will report 2023 fourth quarter and full year financial results on February 12, and host a conference call and webcast at 11am ET.

Beasley Broadcast Group to Report 2023 Fourth Quarter and Full Year Financial Results, Host Conference Call and Webcast on February 12

Beasley Broadcast Group, Inc. (NASDAQ:BBGI ) Q3 2023 Earnings Conference Call November 1, 2023 11:00 AM ET Company Participants Caroline Beasley - Chief Executive Officer Marie Tedesco - Chief Financial Officer Operator Good morning and welcome to Beasley Broadcast Group's Third Quarter 2023 Conference Call. Before proceeding, I'd like to emphasize that today's conference call and webcast will contain forward-looking statements about our future performance and results of operations that involve risks and uncertainties despite in the Risk Factors section of our most recent annual report on Form 10-K as supplemented by our quarterly reports on Form 10-Q.

Beasley Broadcast Group, Inc. (BBGI) Q3 2023 Earnings Call Transcript

Beasley Broadcast Group (BBGI) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share. This compares to earnings of $0.02 per share a year ago.

Beasley Broadcast Group (BBGI) Surpasses Q3 Earnings Estimates

9.1% Digital Revenue Growth with Digital Accounting for 18.6% of Quarterly Revenue; Third Quarter Net Loss of $67.5 Million, Inclusive of $88.8 million of Non-Cash Impairment Losses, and Adjusted EBITDA of $5.5 Million

Beasley Broadcast Group Reports Third Quarter Revenue Of $60.1 Million

NAPLES, Fla., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it will report its 2023 third quarter financial results before the market opens on Wednesday, November 1, 2023.

Beasley Broadcast Group to Report 2023 Third Quarter Financial Results, Host Conference Call and Webcast on November 1

Beasley Broadcast Group, Inc. (NASDAQ:BBGI ) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Caroline Beasley - CEO Marie Tedesco - CFO Operator Good morning, and welcome to Beasley Broadcast Group Second Quarter 2023 Conference Call. Now I will turn the call over to your host.

Beasley Broadcast Group, Inc. (BBGI) Q2 2023 Earnings Call Transcript

14.8% Digital Revenue Growth and Expense Management Lead to a $4.1 Million Reduction in Net Loss and a 16.8% Increase in Adjusted EBITDA 14.8% Digital Revenue Growth and Expense Management Lead to a $4.1 Million Reduction in Net Loss and a 16.8% Increase in Adjusted EBITDA

Beasley Broadcast Group Reports Second Quarter Revenue of $63.5 Million

BBGI Global Infrastructure SA ( LSE:BBGI , Financial) is a Luxembourg-based investment company listed on the London Stock Exchange. It specializes in investing in revenue-generating infrastructure projects across various sectors, including education, health care, emergency services, affordable housing, correctional facilities, clean energy  and transportation.

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