Beasley Broadcast Group, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $37.5M
- Price
- $20.23
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.05%
- Volume
- 71.2K
About
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 headquartered in Naples, Florida.
Quick stats
Shares outstanding1.8M
Computed float686.2K
Float / shares37.9%
Key info
SectorCommunication Services
IndustryBroadcasting
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001099160
Websitehttps://www.bbgi.com
AI Summary
AI-generated1/15
majormixedearnings
BEASLEY BROADCAST GROUP REPORTS SECOND QUARTER REVENUE OF $44.1 MILLION
Beasley Broadcast Group reported Q2 revenue of $44.1 million, a 9.6% decrease on a same-station basis, reflecting continued weakness in national and local agency advertising.
Despite the top-line decline, the company posted net income of $84.3 million, driven by a May 1 debt restructuring that reduced total outstanding debt by $95 million and resulted in a significant non-cash gain.
Adjusted EBITDA grew 13% year-over-year to $5.3 million, supported by roughly $30 million in trailing twelve-month cost savings and disciplined expense management.
Red flags
- Revenue declined 9.6% on a same-station basis
- GAAP net income significantly inflated by non-cash gain on debt extinguishment
- Forward-looking statements cite risk regarding ability to continue as a going concern