Beasley Broadcast ( (BBGI) ) has released its Q4 earnings. Here is a breakdown of the information Beasley Broadcast presented to its investors.
Beasley Broadcast Group, Inc. is a multi-platform media company that operates radio stations across the United States, offering integrated marketing solutions for local and national advertisers through audio, digital, and event platforms. In its latest earnings report, Beasley Broadcast announced a slight increase in net revenue for the fourth quarter of 2024, reaching $67.3 million, a 2.3% rise from the previous year. This growth was primarily driven by political advertising revenue, which offset declines in other areas such as commercial advertising and digital revenue. Despite these gains, the company reported a net loss of $2.1 million for the quarter, largely due to one-time costs associated with debt refinancing and severance expenses. Beasley’s operating income remained stable year-over-year at $7.6 million, and its EBITDA per Indenture showed significant improvement, increasing to $12.5 million from $6.2 million in the previous year. The company’s strategic initiatives, including cost management and operational efficiencies, contributed to these results. Looking ahead, Beasley Broadcast’s management remains focused on driving sustainable revenue growth and expanding digital offerings. With a refined portfolio and a strengthened financial foundation, the company aims to enhance its digital evolution and deliver long-term value to shareholders and partners.