Quarterly ResultMay 13, 2026, 09:06 AM
Beasley Broadcast Q1 Net Income $3.2M; Revenue $42.6M
AI Summary
Beasley Broadcast Group reported Q1 2026 net income of $3.2 million, or $1.77 per diluted share, a significant improvement from a net loss in the prior year. Net revenue decreased 12.9% to $42.6 million, impacted by weakness in traditional advertising, though digital revenue remained flat year-over-year and grew 18.2% on a same-station basis. The company also highlighted strategic actions taken on May 1st to strengthen its balance sheet, including a second lien restructuring and a new asset-based lending facility, aiming for improved financial flexibility and reduced leverage.
Key Highlights
- Q1 2026 Net Income: $3.2 million ($1.77 per diluted share) vs. $(2.7) million loss in Q1 2025.
- Q1 2026 Net Revenue: $42.6 million, down 12.9% YoY (6.7% same-station decrease).
- Q1 2026 Operating Income: $7.7 million vs. $(0.3) million loss in Q1 2025, driven by station sale.
- Digital Revenue: $10.7 million (flat YoY), up 18.2% on a same-station basis.
- Digital revenue accounted for 25% of net revenue.
- Completed second lien restructuring and repurchased first lien notes on May 1st.
- Established a new asset-based lending facility to improve financial flexibility.
- Adjusted EBITDA: $(0.4) million in Q1 2026 vs. $1.1 million in Q1 2025.