Beasley Broadcast Group

Beasley Broadcast Group, Inc., a multi-platform media company, 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 by George G. Beasley in 1961 and is headquartered in Naples, FL.

Earnings data Q1 2021

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Beasley Broadcast Group reports revenue decline but strengthens digital presence

Beasley Broadcast Group faced revenue challenges due to industry-wide ad softness, but saw growth in net political revenue and digital revenue. The company's focus on digital revenue growth, cost-cutting initiatives, and debt reduction strategies are key highlights. Despite revenue declines, Beasley is strategically positioning itself for future growth through digital expansion and operational efficiency.

Beasley Broadcast Group reports mixed Q2 results, focuses on profitability

Beasley Broadcast Group faced revenue declines but saw growth in digital and national revenue, with a focus on cost optimization and profitability improvements.
The company's strategic initiatives to enhance digital capabilities, reduce expenses, and address leverage position it for potential growth in the future.
Despite challenges in revenue and expenses, Beasley Broadcast Group remains optimistic about its growth prospects and is actively pursuing opportunities for financial optimization.

Beasley Broadcast Group reports mixed Q3 performance, eyes revenue growth

Beasley Broadcast Group's Q3 performance showed resilience amidst challenges, with a focus on debt reduction, digital revenue growth, and expense management.
While facing declines in certain revenue segments, the company capitalized on political revenue and operational efficiencies to drive savings and maintain financial stability.
Looking ahead, opportunities in traditional and digital revenue expansion, along with positive revenue comps anticipated in Q4, position the company for continued growth.
Navigating challenges such as revenue declines and advertiser hesitancy, Beasley Broadcast Group remains focused on strategic initiatives to drive long-term success.

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Beasley Broadcast Group, Inc. is multi-platform media company, which engages in the operation of radio stations in the United States. The firm offers marketing solutions across event platforms. It operates through the following business segments: Audio, Digital, and Other. The company was founded by George G. Beasley in 1961 and is headquartered in Naples, FL.

FY 2021 revenues are 17% higher than 2020 but still below pre-pandemic levels

Beasley Broadcast Group: Revenue Growth But Margins Still Not Fully Recovered

Beasley Broadcast Group, Inc. (BBGI) CEO Caroline Beasley on Q4 2021 Results - Earnings Call Transcript

NAPLES, Fla., Feb. 08, 2022 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the for the three- and twelve-month periods ended December 31, 2021.

Beasley Broadcast Group Fourth Quarter Revenue Increases 3.3% To $70.7 Million

NAPLES, Fla., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it will report its 2021 fourth quarter financial results before the market opens on Tuesday, February 8, 2022. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results.

Beasley Broadcast Group to Report 2021 Fourth Quarter Financial Results, Host Conference Call and Webcast on February 8

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Beasley Broadcast Group, Inc. (BBGI) CEO Caroline Beasley on Q3 2021 Results - Earnings Call Transcript

NAPLES, Fla., Nov. 02, 2021 (GLOBE NEWSWIRE) --  Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three- and nine-month periods ended September 30, 2021.

Beasley Broadcast Group Third Quarter Revenue Increases 26.7% to $62.9 Million

NAPLES, Fla., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it will report its 2021 third quarter financial results before the market opens on Tuesday, November 2, 2021. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results.

Beasley Broadcast Group to Report 2021 Third Quarter Financial Results, Host Conference Call and Webcast on November 2

Beasley Broadcast Group, Inc. (BBGI) CEO Caroline Beasley on Q2 2021 Results - Earnings Call Transcript

NAPLES, Fla., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three- and six-month periods ended June 30, 2021.

Beasley Broadcast Group Reports Second Quarter Net Revenue of $59.6 Million

NAPLES, Fla., July 23, 2021 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it will report its 2021 second quarter financial results before the market opens on Thursday, August 5, 2021. The Company will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.

Beasley Broadcast Group to Report 2021 Second Quarter Financial Results, Host Conference Call and Webcast on August 5

Beasley's traditional radio business was negatively impacted by the Coronavirus pandemic, and as a result the company permanently cut more than $20m of costs out of the business. This leaner cost-structure should allow for a significantly more profitable company to emerge as the economic reopening picks up steam.

Beasley Broadcast: Compelling Upside Amid Economic Reopening, Insider Buying, & eSports

Beasley Broadcast Group, Inc. (BBGI) CEO Caroline Beasley on Q1 2021 Results - Earnings Call Transcript

Shares of Beasley Broadcast Group (NASDAQ:BBGI) moved higher by 1.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share decreased 414.29% over the past year to ($0.36), which missed the estimate of ($0.20).

Beasley Broadcast Group: Q1 Earnings Insights

NAPLES, Fla., May 04, 2021 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three-month period ended March 31, 2021.

Beasley Broadcast Group Reports First Quarter Net Revenue of $48.2 Million

NAPLES, Fla., April 20, 2021 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it will report its 2021 first quarter financial results before the market opens on Tuesday, May 4, 2021. The Company will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.

Beasley Broadcast Group to Report 2021 First Quarter Financial Results, Host Conference Call and Webcast on May 4

Beasley Broadcast Group, Inc. (BBGI) CEO Caroline Beasley on Q4 2020 Results - Earnings Call Transcript

Shares of Beasley Broadcast Group (NASDAQ:BBGI) moved higher by 6.9% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 322.22% over the past year to $0.38, which beat the estimate of $0.20.

Recap: Beasley Broadcast Group Q4 Earnings

Fourth Quarter Net Income Rises 132.4% Year-Over-Year to $11.0 Million and SOI Rises 28.8% to $20.1 Million Fourth Quarter Net Income Rises 132.4% Year-Over-Year to $11.0 Million and SOI Rises 28.8% to $20.1 Million

Beasley Broadcast Group Reports Fourth Quarter Net Revenue of $68.5 Million

NAPLES, Fla., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it will report its 2020 fourth quarter financial results before the market opens on Wednesday, February 10, 2021. The Company will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.

Beasley Broadcast Group to Report 2020 Fourth Quarter Financial Results, Host Conference Call and Webcast on February 10

NAPLES, Fla., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (the “Company”), a multi-platform media company, today announced that its wholly owned subsidiary, Beasley Mezzanine Holdings, LLC (the “Issuer”), priced its offering of $300.0 million in aggregate principal amount of 8.625% Senior Secured Notes due 2026 (the “Notes”). The size of the offering was increased by $20.0 million from the previously announced offering size of $280.0 million. The Notes were offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in compliance with Regulation S under the Securities Act.

Beasley Broadcast Group Prices Upsized Notes Offering

NAPLES, Fla., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (the “Company”), a multi-platform media company, announced that its wholly owned subsidiary, Beasley Mezzanine Holdings, LLC (the “Issuer”), intends to offer $280.0 million in aggregate principal amount of senior secured notes (the “Notes”), subject to market and other conditions, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in compliance with Regulation S under the Securities Act.

Beasley Broadcast Group Commences Notes Offering

Beasley Broadcast Group, Inc. (BBGI) CEO Caroline Beasley on Q3 2020 Results - Earnings Call Transcript

NAPLES, Fla., Nov. 03, 2020 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three- and nine-month periods ended September 30, 2020.

Beasley Broadcast Group 2020 Third Quarter Net Revenue Rises 63.4% From Second Quarter Levels to $49.6 Million With Station Operating Income of $8.1 Million

NAPLES, Fla., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it will report its 2020 third quarter financial results before the market opens on Tuesday, November 3, 2020. The Company will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.

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