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Beasley Broadcast Group (BBGI)
NASDAQ:BBGI
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Beasley Broadcast Group
(NASDAQ:BBGI)
44Neutral
Beasley Broadcast Group (BBGI) vs. S&P 500 (SPY)
Market Cap
$9.45M
Dividend YieldN/A
Average Volume (3M)4.83K
Price to Earnings (P/E)3.4
Beta (1Y)0.05
Revenue Growth-2.76%
EPS Growth92.67%
CountryUS
Employees542
SectorCommunication Services
Sector Strength77
IndustryBroadcasting
Share Statistics
EPS (TTM)-3.68
Shares Outstanding959,214
10 Day Avg. Volume3,391
30 Day Avg. Volume4,833
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.04
Price to Cash Flow (P/CF)-0.50
P/FCF Ratio3.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Beasley Broadcast Group Business Overview & Revenue Model
Company DescriptionBeasley Broadcast Group, Inc. (BBGI) is a leading multi-platform media company operating in the United States. The company owns and operates radio stations across various formats in large and mid-sized markets and engages in digital media ventures. Beasley Broadcast Group's core services include broadcasting a range of content, including music, news, sports, and entertainment. The company is committed to delivering high-quality audio content and engaging audiences through traditional radio and digital platforms.
How the Company Makes MoneyBeasley Broadcast Group generates revenue primarily through advertising sales on its radio stations. By leveraging its portfolio of radio stations with diverse formats, the company attracts a broad audience, allowing advertisers to target specific demographics. Additionally, Beasley Broadcast Group earns money from digital advertising through its online platforms and streaming services. The company also explores revenue opportunities via events and sponsorships, enhancing its traditional broadcasting income with digital and experiential marketing solutions. Partnerships with other media entities and content creators further augment its revenue streams, contributing to its overall financial performance.
Beasley Broadcast Group Financial Statement Overview
Summary
Beasley Broadcast Group faces significant financial challenges across income, balance sheet, and cash flow metrics. The company has struggled with consistent revenue growth and profitability, coupled with high leverage and negative cash flows. Addressing these issues will be crucial for improving the financial health and performance of the company.Income Statement
Over the past years, Beasley Broadcast Group has experienced fluctuating revenue trends, with a decline in recent years. The company has been unable to achieve consistent profitability, as indicated by negative net profit margins. While there was a strong gross profit margin in earlier years, recent operating losses, as demonstrated by negative EBIT and EBITDA margins, highlight significant profitability challenges.40
Negative
Balance Sheet
The balance sheet reflects moderate leverage, with a debt-to-equity ratio showing a manageable level of debt relative to equity. However, declining stockholders' equity and a negative return on equity indicate challenges in generating returns for shareholders. The equity ratio suggests that a significant portion of the company's assets is financed through liabilities.45
Neutral
Cash Flow
Cash flow analysis reveals consistent negative free cash flow over the years, indicating cash outflows from operations and capital expenditures. The operating cash flow to net income ratio is unfavorable, reflecting struggles in converting revenue into cash. The company needs to improve its cash generation capabilities to ensure sustainability.35
Negative
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 238.75M | 10.00T> | 247.11M | 256.38M | 241.43M | 206.14M | Gross Profit |
| 26.43M | 10.00T> | 38.86M | 33.22M | 30.65M | 203.14M | EBIT |
| 8.06M | 13.09T | -81.99M | 16.61M | 14.66M | -2.47M | EBITDA |
| 34.96M | -21.23T | -63.84M | -23.00M | 31.04M | 4.09M | Net Income Common Stockholders |
| 2.56M | -5.89T | -75.12M | -43.38M | -1.40M | -18.71M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.90M | 13.77M | 26.73M | 39.53M | 51.38M | 20.76M | Total Assets |
| 249.46M | 549.21M | 574.27M | 707.44M | 762.09M | 738.61M | Total Debt |
| 150.04M | 287.21M | 305.73M | 331.12M | 330.23M | 295.06M | Net Debt |
| 143.14M | 273.44M | 278.99M | 291.59M | 278.85M | 274.30M | Total Liabilities |
| 196.24M | 401.99M | 425.29M | 485.29M | 499.01M | 471.51M | Stockholders Equity |
| 53.22M | 147.22M | 148.98M | 222.15M | 263.08M | 267.73M |
| Cash Flow | Free Cash Flow | ||||
| -5.67M | -3.71T | -8.87M | -2.22M | -6.41M | -3.26M | Operating Cash Flow |
| -1.92M | -3.71T | -4.68M | 11.15M | -1.91M | 4.21M | Investing Cash Flow |
| 13.08M | 4.32T | 6.87M | -14.18M | -1.14M | -3.85M | Financing Cash Flow |
| -13.03M | -13.57T | -14.99M | -8.81M | 33.66M | 1.74M |
Beasley Broadcast Group Technical Analysis
Negative
4.80
Price Trends
6.70
Negative
7.70
Negative
9.88
Negative
Market Momentum
-0.46
Negative
29.93
Positive
19.43
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BBGI, the sentiment is Negative. The current price of 4.8 is below the 20-day moving average (MA) of 5.58, below the 50-day MA of 6.70, and below the 200-day MA of 9.88, indicating a bearish trend. The MACD of -0.46 indicates Negative momentum. The RSI at 29.93 is Positive, neither overbought nor oversold. The STOCH value of 19.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BBGI.
Beasley Broadcast Group Risk Analysis
Beasley Broadcast Group disclosed 26 risk factors in its most recent earnings report. Beasley Broadcast Group reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Beasley Broadcast Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $25.97B | 3.12 | -10.67% | 4.37% | 2.16% | -43.01% | |
47 Neutral | $35.99M | ― | -47.37% | ― | -5.86% | -4497.25% | |
44 Neutral | $9.45M | 3.37 | -3.98% | ― | -2.76% | 92.67% | |
43 Neutral | $17.58M | ― | -193.00% | ― | -2.07% | -138.25% | |
42 Neutral | $175.37M | ― | 86.54% | ― | 2.76% | 9.71% |
* Communication Services Sector Average
Performance Comparison
BBGI
Beasley Broadcast Group
4.80
-9.86
-67.26%
CMLS
Cumulus Media
0.31
-2.60
-89.35%
UONE
Urban One
1.35
-0.89
-39.73%
IHRT
iHeartMedia
1.15
-0.96
-45.50%
Beasley Broadcast Group Earnings Call Summary
Earnings Call Date: Mar 20, 2025 | % Change Since: -18.64% | Next Earnings Date: May 13, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant achievements in cost savings, political revenue, and digital revenue expansion. However, challenges remain with declines in national and local ad spend, new business development, and sports betting revenue. The company is focused on long-term growth strategies amid economic uncertainties.Highlights
Annualized Savings and Improved Leverage
Delivered over $20 million in annualized savings through workforce realignment and technology-driven efficiencies, improving the leverage profile and reducing financial risk.
Same-Station Revenue Growth
Same-station revenue for the fourth quarter grew by 4.4%.
Political Revenue Boost
Political revenue reached $8.3 million in Q4 and $12.1 million for the year, driven by strong federal election spending in key battleground states.
Operating Income Stability
Operating income for Q4 was $7.6 million, holding steady year-over-year despite the absence of a one-time $6 million gain in Q4 of 2023.
Station Operating Income Increase
Station operating income increased by 46% year-over-year, reaching $14.1 million.
Significant Debt Reduction
Reduced total principal outstanding on notes from $267 million at the end of 2023 to $220 million at the end of Q4 2024.
Digital Revenue Expansion
Digital revenue accounted for 19.4% of total revenue for the full year, up from 18.4% in the prior year.
Import Segment Growth in Auto Sector
Import segment in the auto sector grew by 115% year-over-year.
Lowlights
Decline in National and Local Ad Spend
National revenue declined 4.9% in Q4, a meaningful improvement from a 16% decline in Q3. Local over-the-air revenue declined 5.7% in Q4.
New Business Development Headwinds
Revenue from new business development declined by 12.8% year-over-year in Q4.
Sports Betting Revenue Decrease
Sports betting revenue for Q4 decreased by $1.1 million year-over-year.
Advertising Caution and Economic Uncertainty
Advertisers remain cautious amid ongoing economic uncertainty, leading to more measured spending patterns.
Projected Revenue Decline for Q1 2025
Same-station revenue is pacing down roughly 10% for Q1 2025.
Company Guidance
During the Beasley Broadcast Group's fourth quarter and full year 2024 earnings call, CEO Caroline Beasley highlighted significant financial metrics and strategic initiatives. The company achieved over $20 million in annualized savings through workforce realignment and technology-driven efficiencies. Fourth-quarter total net revenue was reported at $67.3 million, a 2.3% increase from the previous year, with political revenue contributing $8.3 million. Digital revenue accounted for 17.1% of total revenue in Q4 and 19.4% for the full year, underscoring its importance as a growth engine. National revenue, excluding political, declined by 4.9% in Q4, while local over-the-air revenue saw a 5.7% decrease. Station operating income (SOI) for the quarter was $14.1 million, up 46% year-over-year. The company reduced its total principal outstanding debt to $220 million, down from $267 million at the end of 2023. Looking ahead, Beasley anticipates digital to drive significant new business in 2025, despite a challenging advertising landscape, with same-station revenue down about 10% in early 2025. The company remains focused on digital growth and operational excellence to ensure long-term success.Beasley Broadcast Group Corporate Events
Business Operations and StrategyFinancial Disclosures
Beasley Broadcast Group Highlights Strategic Financial Initiatives
Neutral
Nov 13, 2024
Beasley Broadcast Group is presenting financial materials to investors, showcasing their strategic efforts in cost reduction and financial performance improvement. The company is focusing on significant expense savings through various operational shifts, including headcount reductions and strategic partnerships. While utilizing non-GAAP financial measures to provide insight into their operational effectiveness, Beasley Broadcast Group also emphasizes the inherent risks and uncertainties in the financial market that could impact their future performance.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.