Beasley Broadcast Group (BBGI)
NASDAQ:BBGI
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Beasley Broadcast Group
(NASDAQ:BBGI)
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Rating:47Neutral
Price Target:
$19.00
▲(278.49% Upside)
Action:ReiteratedDate:04/30/26
The score is weighed down primarily by severely weak financial performance (revenue/earnings deterioration, persistent cash burn, and negative equity). Technicals provide a partial offset due to strong trend momentum, but overbought signals add near-term risk. Restructuring progress and management’s cost actions help, yet valuation remains constrained by unprofitability and corporate actions carry meaningful execution and equity-holder risk.
Positive Factors
Digital revenue growth & margins
Digital now represents ~24% of revenue with materially higher margins (~24% overall, same-station 28.8%). This durable shift toward higher-margin digital advertising improves revenue diversity and recurring revenue visibility, supporting margin sustainability and cash generation over the next several quarters.
Negative Factors
Negative stockholders' equity
Negative equity is a structural solvency concern that raises the likelihood of covenant breaches, listing compliance actions, and constrained access to capital. It increases refinancing risk and potential dilution or creditor-driven governance changes until balance sheet repairs are completed.
Read all positive and negative factors
Positive Factors
Negative Factors
Digital revenue growth & margins
Digital now represents ~24% of revenue with materially higher margins (~24% overall, same-station 28.8%). This durable shift toward higher-margin digital advertising improves revenue diversity and recurring revenue visibility, supporting margin sustainability and cash generation over the next several quarters.
Read all positive factors
Beasley Broadcast Group (BBGI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$40.19M
Dividend YieldN/A
Average Volume (3M)35.45K
Price to Earnings (P/E)―
Beta (1Y)2.94
Revenue Growth-14.30%
EPS Growth-2862.40%
CountryUS
Employees542
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)-105.40
Shares Outstanding973,170
10 Day Avg. Volume7,404
30 Day Avg. Volume35,449
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.18
Price to Sales (P/S)0.04
P/FCF Ratio-0.68
Enterprise Value/Market Cap7.35
Enterprise Value/Revenue1.44
Enterprise Value/Gross Profit4.98
Enterprise Value/Ebitda96.48
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Beasley Broadcast Group Business Overview & Revenue Model
Company Description
Beasley 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 h...
How the Company Makes Money
BBGI primarily makes money by selling advertising and marketing services tied to its radio and digital audio audiences. The core revenue stream is broadcast advertising: local and regional businesses (and, to a lesser extent, national advertisers ...
Beasley Broadcast Group Key Performance Indicators (KPIs)
Beasley Broadcast Group Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Neutral
The call conveyed a balanced message: material near-term financial and operating headwinds (sharp revenue and EBITDA declines, a $224.8M impairment and leverage/going-concern issues) were juxtaposed with decisive remediation actions (~$30M in cost reductions, strong Digital growth and margin expansion, $26M of asset-sale proceeds, and an active debt restructuring expected to materially reduce leverage). Management highlighted early signs of stabilization in local revenue and improved sales execution, but significant challenges remain before earnings and balance sheet metrics fully recover.Positive Updates
Digital Revenue Growth and Mix Shift
Full-year Digital revenue of approximately $49.5M, up $2.7M or 5.9% year-over-year; same-station Digital revenue grew 21% for the full year and ~33% in Q4 2025. Digital now represents ~24% of total revenue, improving revenue quality and visibility.
Negative Updates
Significant Year-over-Year Revenue Decline
Full-year net revenue fell to approximately $205.9M from $240M in 2024, a decline of roughly 14% year-over-year; excluding a $13.6M Political advertising impact, same-station revenue declined 7% year-to-date.
Read all updates
Q4-2025 Updates
Positive
Negative
Digital Revenue Growth and Mix Shift
Full-year Digital revenue of approximately $49.5M, up $2.7M or 5.9% year-over-year; same-station Digital revenue grew 21% for the full year and ~33% in Q4 2025. Digital now represents ~24% of total revenue, improving revenue quality and visibility.
Read all positive updates
Company Guidance
Management guided that 2026 is a “reset” year focused on stabilizing and growing EBITDA, scaling Digital and materially de‑levering the balance sheet: full‑year 2025 net revenue was ~$205.9M (down from $240M), adjusted EBITDA was ~$10.5M (vs $25.8M in 2024) and the company recorded a $224.8M noncash impairment; Digital revenue was ~$49.5M (≈24% of total, up 21% same‑station for the year and >33% same‑station in Q4) with Digital segment earnings of $12.8M and Digital margins ~24% FY (same‑station operating margin 28.8% vs 22.7% in 2024); Audio and National were pressured (National down ~34% FY and ~50% in Q4, ex‑Political down ~13% FY and ~10% Q4) and 2024 included a $13.6M Political benefit, while station operating income was $16.2M (adjusted $18.5M), cash interest ~ $20.7M, net cash used in operations ~$8.5M, capex $4.8M, cash ~ $10M, and proceeds from recent market sales ~ $26M; management has executed ~ $30M of annualized cost reductions, expects same‑station Q1 revenue down mid‑single digits (Jan -8%, Feb -6%, Mar +3%), and is pursuing a debt exchange to cut second‑lien debt by ~50% and repay ~ $15M of first‑lien debt to reduce total debt to ~ $110M (bondholder participation through April 20, close expected by end of April) while seeking an ABL for ongoing liquidity.Beasley Broadcast Group Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
14
Very Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 205.94M | 240.29M | 247.11M | 256.38M | 241.43M |
| Gross Profit | 12.99M | 240.29M | 247.11M | 256.38M | 241.43M |
| EBITDA | 1.47M | 21.17M | -63.84M | -23.00M | 31.04M |
| Net Income | -196.55M | -5.89M | -75.12M | -42.06M | -1.41M |
Balance Sheet | |||||
| Total Assets | 322.95M | 549.21M | 574.27M | 714.94M | 762.09M |
| Cash, Cash Equivalents and Short-Term Investments | 9.94M | 13.77M | 26.73M | 39.53M | 51.38M |
| Total Debt | 270.69M | 287.21M | 305.73M | 331.12M | 330.23M |
| Total Liabilities | 372.28M | 401.99M | 425.29M | 491.45M | 499.01M |
| Stockholders Equity | -49.33M | 147.22M | 148.98M | 223.49M | 263.08M |
Cash Flow | |||||
| Free Cash Flow | -13.30M | -6.73M | -8.87M | -2.22M | -6.41M |
| Operating Cash Flow | -8.47M | -3.71M | -4.68M | 11.15M | -1.91M |
| Investing Cash Flow | 5.64M | 4.32M | 6.87M | -14.18M | -1.14M |
| Financing Cash Flow | -1.00M | -13.57M | -14.99M | -8.81M | 33.66M |
Beasley Broadcast Group Technical Analysis
Positive
5.02
Price Trends
5.31
Positive
5.32
Positive
5.10
Positive
Market Momentum
3.23
Negative
87.10
Negative
85.27
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BBGI, the sentiment is Positive. The current price of 5.02 is below the 20-day moving average (MA) of 7.18, below the 50-day MA of 5.31, and below the 200-day MA of 5.10, indicating a bullish trend. The MACD of 3.23 indicates Negative momentum. The RSI at 87.10 is Negative, neither overbought nor oversold. The STOCH value of 85.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $71.79M | -2.54 | -4.93% | 8.81% | -3.28% | -322.69% | |
55 Neutral | $346.99M | -3.41 | -98.27% | 6.56% | -20.67% | 25.35% | |
49 Neutral | $1.34B | 5.65 | 41.79% | ― | 1.70% | ― | |
47 Neutral | $40.19M | -0.05 | -206.44% | ― | -14.30% | -2862.40% | |
47 Neutral | $72.99M | -0.69 | -86.30% | ― | 39.52% | -167.52% | |
41 Neutral | $22.13M | -0.31 | -119.60% | ― | -16.75% | -47.14% |
* Communication Services Sector Average
BBGI
Beasley Broadcast Group
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Beasley Broadcast Group Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Beasley Broadcast Advances Note Exchange and Refinancing Strategy
Positive
Apr 29, 2026
On April 29, 2026, Beasley Broadcast Group announced the expiration and final results of a series of refinancing-related offers, including an exchange of its 9.200% Senior Secured Second Lien Notes due 2028 into new 10.000% Senior Secured Second L...
Delistings and Listing ChangesRegulatory Filings and Compliance
Beasley Broadcast Group Faces Nasdaq Compliance Deficiency Notice
Negative
Apr 14, 2026
On April 13, 2026, Beasley Broadcast Group disclosed that it received a notice from Nasdaq stating the company is out of compliance with the Nasdaq Capital Market’s minimum stockholders’ equity requirement, as it reported a stockholder...
Business Operations and StrategyPrivate Placements and Financing
Beasley Broadcast Launches Debt Refinancing and Governance Restructuring Plan
Negative
Mar 20, 2026
On March 20, 2026, Beasley Broadcast Group, Inc. entered into a Transaction Support Agreement with major holders of its 11.0% senior secured first-lien and 9.2% senior secured second-lien notes to back a refinancing package. The plan includes exch...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Beasley Broadcast Group Utilizes Grace Period Amid Debt Talks
Negative
Feb 3, 2026
On February 2, 2026, Beasley Mezzanine Holdings, LLC, a subsidiary of Beasley Broadcast Group, elected to use a 30‑day grace period for approximately $8.5 million in interest due on its 9.200% senior secured second lien notes due 2028 and ap...
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.