Beasley Broadcast Group (BBGI)
NASDAQ:BBGI
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Beasley Broadcast Group
(NASDAQ:BBGI)
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Rating:49Neutral
Price Target:
$16.50
▲(228.69% Upside)
Action:Reiterated
Date:05/14/26
The score is held down primarily by weak financial performance (recurring losses, negative free cash flow, and negative equity). Technicals are mixed with some longer-term trend support, while the latest earnings call showed constructive balance-sheet and digital progress but continued near-term revenue/profitability pressure and guidance for further declines.
Positive Factors
Digital Revenue Mix & Growth
A rising digital mix provides a structurally different revenue stream that is often higher margin and less time-slot dependent than spot radio ads. O&O digital growth and a target ≥35% digital revenue reduce reliance on cyclical national ads and support more predictable, scalable ad products over months.
Negative Factors
Negative Stockholders' Equity / Listing Risk
Negative equity and a Nasdaq deficiency notice reflect severe balance-sheet erosion that impairs financial flexibility. This elevates refinancing, covenant and listing risks, potentially forcing dilutive or disruptive transactions that can materially reshape ownership and limit strategic options over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Digital Revenue Mix & Growth
A rising digital mix provides a structurally different revenue stream that is often higher margin and less time-slot dependent than spot radio ads. O&O digital growth and a target ≥35% digital revenue reduce reliance on cyclical national ads and support more predictable, scalable ad products over months.
Read all positive factors
Beasley Broadcast Group Key Performance Indicators (KPIs)
Beasley Broadcast Group (BBGI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$24.95M
Dividend YieldN/A
Average Volume (3M)35.45K
Price to Earnings (P/E)0.5
Beta (1Y)2.88
Revenue Growth-14.99%
EPS Growth-1938.45%
CountryUS
Employees542
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)-105.68
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 Cap-246.59
Enterprise Value/Revenue-30.82
Enterprise Value/Gross Profit-56.86
Enterprise Value/Ebitda27.28
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 Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Neutral
The call presents a balanced picture: significant constructive actions on the balance sheet, clear digital revenue momentum and targeted market wins provide tangible upside, but they coexist with meaningful top-line declines, compressed profitability (negative adjusted EBITDA), and ongoing macro-driven weakness in national and discretionary categories. Management has a defined turnaround playbook and expects the benefits to materialize over time, but near-term pacing and Q2 guidance remain pressured.Positive Updates
Digital Revenue Growth and Mix Shift
Total digital revenue of approximately $10.7M in Q1, representing over 25% of company revenue. Digital grew ~18% on a same-station basis (management) and owned & operated (O&O) digital grew ~26% year-over-year, with O&O now ~65% of digital revenue (up from ~49% prior year).
Negative Updates
Material Revenue Decline
Reported net revenue of approximately $41.3M for Q1 (noting bracketed/alternate figures in transcript up to $46.2M); management reported declines of 6.7% year-over-year on a same-station basis (Caroline) and Ilana reported a 13% year-over-year decline — indicating meaningful top-line pressure and some reporting variability.
Read all updates
Q1-2026 Updates
Positive
Negative
Digital Revenue Growth and Mix Shift
Total digital revenue of approximately $10.7M in Q1, representing over 25% of company revenue. Digital grew ~18% on a same-station basis (management) and owned & operated (O&O) digital grew ~26% year-over-year, with O&O now ~65% of digital revenue (up from ~49% prior year).
Read all positive updates
Company Guidance
Management guided that Q2 same‑station revenue is expected to be down mid‑ to high‑single digits, noting April finished down ~2% after entering the month down 10% and May/June currently pacing similarly; they pointed to digital mix, pipeline visibility and sales discipline as leading indicators (Q1 digital was ~$10.7M or >25% of revenue, up 18% same‑station, O&O digital up ~26% YOY and now ~65% of digital vs 49% prior year, with a market target of ≥35% digital) and said revenue recovery must translate to SOI improvement (Q1 net revenue ~$46.2M, SOI $418k, adjusted EBITDA ~‑$375k, cash interest ~$3.3M, capex $700k). On capital and cost actions they highlighted a stronger liquidity profile after the Fort Myers sale (~$18M) and prior WPBB sale (~$8M), exchanging ~ $184M of second‑lien into ~ $98M of PIK notes, repurchasing ~ $16M of first‑lien, adding a $35M ABL, ending the quarter with ~ $218M total debt and ~$6.4M cash, and expecting nearly $2M of annualized savings from an early retirement plus ~ $5M of further annualized cost reductions.Beasley Broadcast Group Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
18
Very Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 199.62M | 205.94M | 240.29M | 247.11M | 256.38M | 241.43M |
| Gross Profit | 108.17M | 12.99M | 240.29M | 247.11M | 256.38M | 241.43M |
| EBITDA | -225.52M | 1.47M | 21.17M | -63.84M | -23.00M | 31.04M |
| Net Income | -190.65M | -196.55M | -5.89M | -75.12M | -42.06M | -1.41M |
Balance Sheet | ||||||
| Total Assets | 281.51M | 322.95M | 549.21M | 574.27M | 714.94M | 762.09M |
| Cash, Cash Equivalents and Short-Term Investments | 6.43B | 9.94M | 13.77M | 26.73M | 39.53M | 51.38M |
| Total Debt | 249.87M | 270.69M | 287.21M | 305.73M | 331.12M | 330.23M |
| Total Liabilities | 327.57M | 372.28M | 401.99M | 425.29M | 491.45M | 499.01M |
| Stockholders Equity | -46.07M | -49.33M | 147.22M | 148.98M | 223.49M | 263.08M |
Cash Flow | ||||||
| Free Cash Flow | -1.92M | -13.30M | -6.73M | -8.87M | -2.22M | -6.41M |
| Operating Cash Flow | -8.48M | -8.47M | -3.71M | -4.68M | 11.15M | -1.91M |
| Investing Cash Flow | 22.36M | 5.64M | 4.32M | 6.87M | -14.18M | -1.14M |
| Financing Cash Flow | -19.68M | -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 |
|---|---|---|---|---|---|---|---|
62 Neutral | $720.67M | 5.53 | -25.09% | 6.56% | 45.98% | 82.18% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | $64.34M | -7.42 | -5.57% | 8.81% | -4.10% | -343.54% | |
50 Neutral | $77.49M | -1.44 | -86.30% | ― | 16.94% | -225.18% | |
49 Neutral | $24.95M | 0.47 | -206.44% | ― | -14.99% | -1938.45% | |
47 Neutral | $1.04B | -34.57 | -7.36% | ― | 1.70% | ― | |
42 Neutral | $23.63M | -2.12 | -170.35% | ― | -17.76% | -16.59% |
* Communication Services Sector Average
BBGI
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Beasley Broadcast Group Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Beasley Broadcast Group Appoints Jeffrey Goldberg to Board
Positive
May 11, 2026
On May 11, 2026, Beasley Broadcast Group, Inc. expanded its Board of Directors from six to seven members and appointed Jeffrey D. Goldberg as a director, effective immediately, also naming him to the Board’s Strategic Alternatives Committee....
Business Operations and StrategyPrivate Placements and Financing
Beasley Broadcast Restructures Debt and Secures New Financing
Positive
May 1, 2026
On May 1, 2026, Beasley Mezzanine Holdings, a subsidiary of Beasley Broadcast Group, issued $98.5 million of 10.000% senior secured second-lien PIK notes due 2027 as part of a previously announced exchange offer for its 9.200% second-lien notes du...
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...
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.