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Beasley Broadcast Group (BBGI)
NASDAQ:BBGI
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Beasley Broadcast Group
(NASDAQ:BBGI)
Rating:39Underperform
Price Target:
$4.00
▼(-12.66%Downside)
Beasley Broadcast Group (BBGI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.99M
Dividend YieldN/A
Average Volume (3M)2.91K
Price to Earnings (P/E)3.4
Beta (1Y)0.18
Revenue Growth-3.65%
EPS Growth89.15%
CountryUS
Employees542
SectorCommunication Services
Sector Strength91
IndustryBroadcasting
Share Statistics
EPS (TTM)-1.50
Shares Outstanding961,284
10 Day Avg. Volume2,673
30 Day Avg. Volume2,908
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)0.97
Price to Sales (P/S)0.00
P/FCF Ratio-1.38
Enterprise Value/Market Cap35.07
Enterprise Value/Revenue0.29
Enterprise Value/Gross Profit3.64
Enterprise Value/Ebitda13.42
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., a multi-platform media company, owns and 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 in 1961 and is headquartered in Naples, Florida.
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 Earnings Call Summary
Earnings Call Date:May 07, 2025
(Q1-2025)
| % Change Since: -18.21%|
Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment Neutral
The earnings call presented significant digital segment growth and strategic partnerships in sports, alongside cost reduction efforts that improved profitability metrics like EBITDA. However, these positive aspects were overshadowed by notable declines in total net revenue, national revenue, and the automotive sector, leading to an operating loss. The balance of these factors suggests a mixed performance with challenges persisting in the broader economic environment.Q1-2025 Updates
Positive Updates
Digital Revenue Growth
Digital revenue accounted for 22% of total revenue, with digital segment operating income growing from $100,000 in Q1 '24 to $1.9 million in Q1 2025, demonstrating significant growth and margin expansion.
Strong Performance in Legal and HVAC Segments
Legal services grew nearly 5% year-over-year, driven by Q visual billboards and sponsorships, while HVAC increased by 12%, reflecting targeted outreach and digital integration success.
Successful Sports Partnerships
Established a landmark multiyear partnership with University of Michigan Athletics and expanded flagship relationships with major professional teams, enhancing revenue opportunities and audience engagement.
Adjusted EBITDA Improvement
Adjusted EBITDA increased by 28% to $1.1 million, reflecting strategic cost initiatives and disciplined operational execution.
Debt Reduction and Interest Expense Decrease
Interest expense declined by $2.2 million year-over-year due to strategic debt reduction, ending Q1 2025 with $220 million in total principal outstanding.
Negative Updates
Decline in Total Net Revenue
Total net revenue for Q1 2025 was $48.9 million, down 10.1% on an as-reported basis, reflecting ongoing challenges in a cautious advertising environment.
Reduced National Revenue
National revenue, excluding political, declined by 12.7%, driven by pullbacks across verticals and continued softness in home improvement and healthcare categories.
Revenue Decline in Automotive Sector
Overall automotive category revenue declined with domestic auto down 5% due to market concerns and inventory dynamics, despite foreign auto strength.
Operating Loss
Operating income for Q1 2025 was a loss of $2 million, compared to a loss of $1.1 million in the prior year, primarily due to a $5.5 million reduction in net revenue.
New Business Decline
New business declined by 19.5% in the quarter, attributed to agency churn and tough comparisons to the previous year's high-value campaigns.
Company Guidance
During Beasley Broadcast Group's First Quarter 2025 Earnings Call, the company provided guidance that focused on digital growth and efficient cost management to enhance profitability. Total net revenue for Q1 was reported at $48.9 million, with operating expenses at $45.2 million, reflecting a strategic focus on cost containment amid a 10.1% decline in revenue on an as-reported basis. Digital revenue grew significantly, comprising 22% of total revenue, and digital segment operating income increased from $100,000 in Q1 2024 to $1.9 million in Q1 2025. The company highlighted strong performance in digital margins, which expanded from 6.1% to 17.8% year-over-year. Beasley Broadcast Group also emphasized the importance of its digital transformation efforts, which included optimizing digital products and investing in areas like sports broadcasting, with new partnerships such as the one with University of Michigan Athletics. The call underscored the company's commitment to navigating economic headwinds and maintaining disciplined execution to sustain long-term financial performance.Beasley Broadcast Group Financial Statement Overview
Summary
Beasley Broadcast Group faces significant financial challenges with declining revenues, consistent net losses, and high leverage. Negative cash flows highlight liquidity concerns, necessitating strategic adjustments.Income Statement
Beasley Broadcast Group has faced declining revenues over recent years, with a notable decrease in TTM revenues compared to previous periods. The company has consistently reported net losses, with the TTM net income in a negative position, leading to a negative net profit margin. The gross profit has decreased, reflecting challenges in maintaining profitability. EBIT margin is positive, but the declining EBITDA margin indicates pressure on operational efficiency.35
Negative
Balance Sheet
The company's balance sheet shows a high debt-to-equity ratio, indicating significant leverage which could pose financial risks. The stockholders' equity has been decreasing, reducing the equity ratio and suggesting limited buffer against liabilities. Return on equity is negative due to consistent net losses, highlighting issues in generating returns for shareholders.40
Negative
Cash Flow
Beasley Broadcast Group's cash flow statements indicate negative operating cash flows, making it challenging to sustain operations without additional financing. Free cash flow is negative and also shows a declining trend, signaling potential liquidity concerns. The negative free cash flow to net income ratio suggests difficulties in translating earnings into cash.30
Negative
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 234.82M | 240.29M | 247.11M | 256.38M | 241.43M | 206.14M | Gross Profit |
| 76.89M | 31.29M | 38.86M | 33.22M | 30.65M | 203.14M | EBIT |
| 12.19M | 13.09M | -81.99M | 16.61M | 14.66M | -2.47M | EBITDA |
| 14.89M | 21.17M | -63.84M | -23.00M | 31.04M | 4.09M | Net Income Common Stockholders |
| -8.59M | -5.89M | -75.12M | -43.38M | -1.40M | -18.71M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 12.24M | 13.77M | 26.73M | 39.53M | 51.38M | 20.76M | Total Assets |
| 539.26M | 549.21M | 574.27M | 707.44M | 762.09M | 738.61M | Total Debt |
| 284.00M | 287.21M | 305.73M | 331.12M | 330.23M | 295.06M | Net Debt |
| 271.77M | 273.44M | 278.99M | 291.59M | 278.85M | 274.30M | Total Liabilities |
| 394.64M | 401.99M | 425.29M | 485.29M | 499.01M | 471.51M | Stockholders Equity |
| 144.62M | 147.22M | 148.98M | 222.15M | 263.08M | 267.73M |
| Cash Flow | Free Cash Flow | ||||
| -6.02M | -6.73M | -8.87M | -2.22M | -6.41M | -3.26M | Operating Cash Flow |
| -3.15M | -3.71M | -4.68M | 11.15M | -1.91M | 4.21M | Investing Cash Flow |
| 1.19M | 4.32M | 6.87M | -14.18M | -1.14M | -3.85M | Financing Cash Flow |
| -13.57M | -13.57M | -14.99M | -8.81M | 33.66M | 1.74M |
Beasley Broadcast Group Technical Analysis
Negative
4.58
Price Trends
5.38
Negative
6.42
Negative
8.54
Negative
Market Momentum
-0.32
Positive
35.67
Neutral
9.30
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 4.58 is below the 20-day moving average (MA) of 5.21, below the 50-day MA of 5.38, and below the 200-day MA of 8.54, indicating a bearish trend. The MACD of -0.32 indicates Positive momentum. The RSI at 35.67 is Neutral, neither overbought nor oversold. The STOCH value of 9.30 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 (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $85.29M | 23.75 | 2.06% | 7.55% | -1.65% | -51.45% | |
61 Neutral | $14.37B | 5.86 | -4.31% | 3.69% | 2.75% | -35.55% | |
58 Neutral | $42.75M | ― | -56.08% | ― | -7.35% | -1093.79% | |
53 Neutral | $204.69M | ― | 86.54% | ― | 3.31% | -39.47% | |
39 Underperform | $7.99M | 3.37 | -5.85% | ― | -3.65% | 89.15% | |
35 Underperform | $14.92M | ― | -243.54% | ― | -2.92% | -165.37% | |
| $57.98M | ― | -15.50% | ― | ― | ― |
* Communication Services Sector Average
Performance Comparison
BBGI
Beasley Broadcast Group
4.58
-8.76
-65.67%
CMLS
Cumulus Media
0.14
-2.10
-93.75%
UONE
Urban One
1.71
-1.19
-41.03%
SGA
Saga Communications
12.85
-2.74
-17.58%
IHRT
iHeartMedia
1.50
0.34
29.31%
MDIA
Mediaco Holding
1.13
-0.10
-8.13%
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.