Beasley Broadcast ( (BBGI) ) has released its Q1 earnings. Here is a breakdown of the information Beasley Broadcast presented to its investors.
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Beasley Broadcast Group, Inc. is a multi-platform media company that operates radio stations across the United States, providing integrated marketing solutions through audio, digital, and event platforms.
In the first quarter of 2025, Beasley Broadcast Group reported a revenue of $48.9 million, reflecting a 10.1% decrease from the previous year. Despite the revenue decline, the company highlighted growth in its digital segment, which now accounts for 22% of total revenue.
Key financial metrics showed a net loss of $2.7 million, contrasting with a net income of $8 thousand in the same period last year. The decline was influenced by a previous year’s gain from an investment sale and ongoing challenges in the advertising market. However, the company achieved an increase in Adjusted EBITDA to $1.1 million, up from $0.9 million, due to strategic cost management and digital growth.
Looking forward, Beasley Broadcast Group remains focused on expanding its digital offerings and enhancing operational efficiency. The company aims to navigate current market challenges while building a more diversified revenue base, leveraging its digital initiatives and streamlined operations.