Beasley Broadcast Group (NASDAQ:BBGI) Announces Quarterly Earnings Results, Misses Estimates By $2.77 EPS

Beasley Broadcast Group (NASDAQ:BBGI) announced its earnings results on Wednesday. The company reported ($4.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.32) by ($2.77), Zacks reports. Beasley Broadcast Group had a negative net margin of 95.51% and a negative return on equity of 27.43%. The company had revenue of $44.13 million for the quarter, compared to the consensus estimate of $43.10 million.

Here are the key takeaways from Beasley Broadcast Group’s conference call:

• Revenue declined 9.6% year over year to approximately $44.1 million, as national and local agency revenue fell 21% and 12%, respectively. Management expects third-quarter same-station revenue to remain down in the mid-single-digit range.
• Cost reductions helped drive adjusted EBITDA to approximately $5.3 million, up from $4.7 million a year ago, despite lower revenue. May expense actions are expected to generate approximately $10.5 million in annualized savings, with a larger benefit in the second half of 2026.
• The May 1 balance-sheet restructuring reduced reported long-term debt to approximately $129 million from $235.3 million at year-end and lowered quarterly interest expense to $1.5 million from $3.3 million. The company plans to use proceeds from an announced $8 million station sale to further reduce debt.
• Digital audience growth continued, with digital exceeding half of the company’s total audience for the first time; same-station digital revenue grew about 7%, while owned-and-operated digital revenue rose approximately 10%. Management said programmatic sell-through improved to above 80% and enterprise sales programs generated nearly $6 million in closed business.
• Management reported early signs of stabilization in September and strong fourth-quarter pacing, with limited political exposure, while political revenue booked so far represents more than 25% of the full-year budget. Execution remains the key risk as the company seeks to rebuild local direct sales and improve digital monetization.

Beasley Broadcast Group Stock Performance

Shares of Beasley Broadcast Group stock traded up $3.33 during trading hours on Thursday, hitting $25.06. The company’s stock had a trading volume of 67,673 shares, compared to its average volume of 548,332. The firm has a fifty day moving average of $22.55 and a 200-day moving average of $14.00. The stock has a market cap of $45.36 million, a price-to-earnings ratio of -0.24 and a beta of 4.41. Beasley Broadcast Group has a twelve month low of $3.14 and a twelve month high of $29.30.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BBGI shares. Wall Street Zen raised Beasley Broadcast Group to a “hold” rating in a report on Saturday, May 23rd. Noble Financial raised shares of Beasley Broadcast Group to a “strong-buy” rating in a report on Tuesday, July 28th. Zacks Research upgraded Beasley Broadcast Group to a “hold” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Beasley Broadcast Group in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Investors Weigh In On Beasley Broadcast Group

Several institutional investors and hedge funds have recently modified their holdings of BBGI. Gamco Investors INC. ET AL raised its position in Beasley Broadcast Group by 22.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 56,154 shares of the company’s stock valued at $296,000 after purchasing an additional 10,238 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in Beasley Broadcast Group during the 3rd quarter valued at approximately $85,000. Osaic Holdings Inc. purchased a new stake in Beasley Broadcast Group during the 2nd quarter valued at approximately $83,000. Finally, HRT Financial LP acquired a new stake in Beasley Broadcast Group during the 4th quarter worth approximately $129,000. Hedge funds and other institutional investors own 21.73% of the company’s stock.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.

In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.