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Beasley Broadcast Group (BBGI)
NASDAQ:BBGI
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Beasley Broadcast Group
(NASDAQ:BBGI)
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Rating:46Neutral
Price Target:
$8.50
▲(65.05% Upside)
Beasley Broadcast Group's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenue, high leverage, and liquidity issues. While there are positive signs in digital growth and cost management, these are overshadowed by broader revenue declines and valuation challenges.
Positive Factors
Digital Revenue Growth
The increase in digital revenue share indicates a successful pivot towards digital platforms, enhancing long-term growth potential and market adaptability.
Cost Reduction Achievements
Significant cost reductions improve operational efficiency, potentially leading to better profitability and financial stability over the long term.
Digital Operating Margin Expansion
The expansion in digital operating margins reflects improved monetization, supporting sustainable profitability and competitive positioning in the digital space.
Negative Factors
Overall Revenue Decline
The decline in overall revenue highlights challenges in maintaining market share and could impact long-term financial health if not addressed.
High Leverage
High leverage indicates potential financial risk, limiting flexibility and increasing vulnerability to economic downturns, affecting long-term stability.
Leadership Changes
Frequent leadership changes can disrupt strategic continuity and impact investor confidence, potentially affecting long-term execution and stability.
Beasley Broadcast Group (BBGI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.08M
Dividend YieldN/A
Average Volume (3M)35.45K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth-7.78%
EPS Growth-369.53%
CountryUS
Employees542
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)-1.97
Shares Outstanding970,857
10 Day Avg. Volume7,404
30 Day Avg. Volume35,449
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.10
Price to Sales (P/S)0.06
P/FCF Ratio-2.21
Enterprise Value/Market Cap26.83
Enterprise Value/Revenue1.23
Enterprise Value/Gross Profit2.15
Enterprise Value/Ebitda26.15
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 across its radio stations. Advertisers purchase airtime to promote their products or services during specific programming segments, with pricing determined by factors such as audience size, time slots, and market demand. Additionally, the company has developed a digital revenue stream through its online platforms, including streaming services and podcasting, allowing for targeted advertising opportunities. Key partnerships with advertisers, agencies, and digital platforms further contribute to its revenue, as they facilitate broader reach and enhanced marketing solutions. Special events, promotions, and sponsorships also play a role in generating income, alongside revenue-sharing agreements with content providers and syndicators.
Beasley Broadcast Group Earnings Call Summary
Earnings Call Date:Nov 10, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 11, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant growth in digital revenue and operating margins, alongside substantial cost reductions. However, overall revenue decline and significant drops in agency and specific category revenues, coupled with leadership changes, present challenges.Q3-2025 Updates
Positive Updates
Digital Revenue Growth
Digital revenue accounted for roughly 25% of the company's total revenue, up from 19% last year. On a same-station basis, digital revenue grew approximately 28% year-over-year.
Audio Plus Performance
Audio Plus revenue exceeded $1.2 million in Q3, representing over 200% growth from Q2, driven by strong performance in Philadelphia, Detroit, and Boston.
Digital Operating Margin Expansion
Digital operating margin expanded from 7% in the prior year to 21% in Q3, reflecting improved portfolio optimization and monetization efficiency.
Local Direct Revenue Increase
Local direct revenue grew 3.5% year-over-year, now representing nearly 60% of total local business.
Cost Reduction Achievements
Station operating expenses were down 8% year-over-year, with corporate expenses down nearly 50% partially due to onetime reclass benefits.
Negative Updates
Overall Revenue Decline
Total company revenue was $51 million, representing an 11% decline on a same-station basis or a 7.5% decline year-over-year, excluding $2.7 million of political in Q3 '24.
Agency Revenue Decrease
National Agency revenue ex-political declined approximately 16% year-over-year, with local agency revenue falling 17% year-over-year.
Category-Specific Revenue Weakness
Significant declines were noted in entertainment (down nearly 40%), retail (down 22%), and auto (down roughly 8%) sectors.
Leadership Changes
The resignation of CFO Lauren Burrows was announced, with Caroline Beasley serving as Principal Financial Officer to ensure continuity.
Company Guidance
During Beasley Broadcast Group's Third Quarter 2025 earnings call, CEO Caroline Beasley provided guidance that emphasized the company's ongoing transformation efforts and strategic focus on digital growth. The company reported total revenue of approximately $51 million for the quarter, reflecting an 11% decline on a same-station basis or a 7.5% decline year-over-year, excluding $2.7 million of political revenue from Q3 2024. Despite the revenue shortfall, Beasley highlighted strong performance in their digital segment, with digital revenue accounting for roughly 25% of total revenue, up from 19% the previous year. Digital revenue grew about 28% year-over-year on a same-station basis, driven by the expansion of O&O products and increased advertiser adoption. The company's digital operating income reached a record 28% on a same-station basis, indicating improved profitability. Beasley also reported significant cost savings, with station operating expenses reduced by 8% year-over-year, contributing to a leaner, more efficient enterprise. The company remains focused on scaling high-margin digital products, enhancing earnings quality, and pivoting towards direct, data-driven sales relationships, as it continues to navigate industry headwinds and aims for long-term growth and profitability.Beasley Broadcast Group Financial Statement Overview
Summary
Beasley Broadcast Group is facing significant financial challenges. The income statement shows declining revenue and profitability, the balance sheet reflects high leverage and weak financial stability, and the cash flow statement indicates liquidity issues and cash flow constraints.Income Statement
Beasley Broadcast Group's income statement shows declining revenue growth and negative net profit margins over the TTM period. The gross profit margin has decreased to 12.05% from 13.02% in the previous year, indicating pressure on profitability. The EBIT and EBITDA margins have also declined, reflecting operational challenges. Overall, the income statement reflects a struggling financial performance with declining revenue and profitability.45
Neutral
Balance Sheet
The balance sheet reveals a high debt-to-equity ratio of 1.94, indicating significant leverage and potential financial risk. The return on equity is negative, reflecting ongoing losses and poor returns for shareholders. The equity ratio is relatively low, suggesting limited financial stability. Overall, the balance sheet indicates high leverage and weak financial health.40
Negative
Cash Flow
The cash flow statement shows negative operating and free cash flows, with a significant decline in free cash flow growth. The operating cash flow to net income ratio is negative, indicating cash flow challenges. The free cash flow to net income ratio is positive but reflects the company's struggle to generate positive cash flows. Overall, the cash flow statement highlights liquidity issues and cash flow constraints.30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 220.17M | 240.29M | 247.11M | 256.38M | 241.43M | 206.14M |
| Gross Profit | 125.67M | 240.29M | 247.11M | 256.38M | 241.43M | 206.14M |
| EBITDA | 10.34M | 21.17M | -63.84M | -23.00M | 31.04M | 4.09M |
| Net Income | -8.46M | -5.89M | -75.12M | -42.06M | -1.41M | -17.77M |
Balance Sheet | ||||||
| Total Assets | 534.57M | 549.21M | 574.27M | 714.94M | 762.09M | 738.61M |
| Cash, Cash Equivalents and Short-Term Investments | 14.34M | 13.77M | 26.73M | 39.53M | 51.38M | 20.76M |
| Total Debt | 275.35M | 287.21M | 305.73M | 331.12M | 330.23M | 295.06M |
| Total Liabilities | 393.55M | 401.99M | 425.29M | 491.45M | 499.01M | 471.51M |
| Stockholders Equity | 141.02M | 147.22M | 148.98M | 223.49M | 263.08M | 267.73M |
Cash Flow | ||||||
| Free Cash Flow | -3.65M | -6.73M | -8.87M | -2.22M | -6.41M | -3.26M |
| Operating Cash Flow | -6.78M | -3.71M | -4.68M | 11.15M | -1.91M | 4.21M |
| Investing Cash Flow | 7.80M | 4.32M | 6.87M | -14.18M | -1.14M | -3.85M |
| Financing Cash Flow | -14.48M | -13.57M | -14.99M | -8.81M | 33.66M | 1.74M |
Beasley Broadcast Group Technical Analysis
Negative
5.15
Price Trends
5.30
Negative
5.12
Positive
5.11
Positive
Market Momentum
0.54
Negative
48.66
Neutral
7.13
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 5.15 is below the 20-day moving average (MA) of 5.35, below the 50-day MA of 5.30, and above the 200-day MA of 5.11, indicating a neutral trend. The MACD of 0.54 indicates Negative momentum. The RSI at 48.66 is Neutral, neither overbought nor oversold. The STOCH value of 7.13 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $74.06M | 232.32 | 0.18% | 8.76% | -0.77% | -93.46% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
53 Neutral | $286.58M | -2.43 | -81.68% | 6.37% | -45.95% | -75.87% | |
52 Neutral | $918.50M | 7.36 | 38.60% | ― | 1.70% | ― | |
46 Neutral | $10.08M | -1.09 | -5.90% | ― | -7.78% | -369.53% | |
45 Neutral | $42.15M | -0.39 | -90.36% | ― | -13.08% | -69.47% | |
41 Neutral | $53.62M | -1.22 | -53.47% | ― | 83.96% | -73.70% |
* Communication Services Sector Average
BBGI
Beasley Broadcast Group
5.15
-3.83
-42.65%
EVC
Entravision
3.14
0.88
38.94%
UONE
Urban One
1.12
-0.46
-29.11%
SGA
Saga Communications
11.42
0.43
3.91%
FUBO
fuboTV
2.64
1.32
100.00%
MDIA
Mediaco Holding
0.69
-0.44
-38.94%
Beasley Broadcast Group Corporate Events
Private Placements and FinancingBusiness Operations and Strategy
Beasley Broadcast Group Amends Senior Secured Notes
Neutral
Nov 13, 2025
On November 12, 2025, Beasley Mezzanine Holdings, a subsidiary of Beasley Broadcast Group, entered into supplemental indentures to amend the terms of its senior secured notes. The amendments extend the maturity date of certain notes to January 31, 2026, and provide flexibility for future asset sales and debt incurrence. These changes are expected to impact the company’s financial operations by increasing its capacity to manage receivables and addressing default conditions related to compliance with agreements with noteholders.
Private Placements and Financing
Beasley Broadcast Group Amends Senior Secured Notes
Neutral
Nov 3, 2025
On October 30, 2025, Beasley Mezzanine Holdings, LLC, a subsidiary of Beasley Broadcast Group, entered into supplemental indentures to amend the terms of its senior secured notes. The amendments extended the maturity date for the notes to November 14, 2025, impacting the company’s financial obligations and potentially affecting its stakeholders by providing more time to manage outstanding debts.
Executive/Board Changes
Beasley Broadcast Group CFO Lauren Burrows Coleman Resigns
Neutral
Oct 9, 2025
On October 9, 2025, Lauren Burrows Coleman announced her resignation as Chief Financial Officer of Beasley Broadcast Group, effective October 17, 2025, to pursue other opportunities. Caroline Beasley, the CEO, will temporarily assume the role of principal financial officer, while Shaun Greening will take on the position of principal accounting officer. The announcement follows a series of related party transactions involving the Beasley family, including leasing agreements and stock purchases, highlighting the family’s significant involvement in the company’s operations.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.