{"id":827902,"date":"2025-03-20T07:16:39","date_gmt":"2025-03-20T11:16:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/beasley-broadcast-group-reports-fourth-quarter-revenue-of-67-3-million\/"},"modified":"2025-03-20T07:16:39","modified_gmt":"2025-03-20T11:16:39","slug":"beasley-broadcast-group-reports-fourth-quarter-revenue-of-67-3-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/beasley-broadcast-group-reports-fourth-quarter-revenue-of-67-3-million\/","title":{"rendered":"BEASLEY BROADCAST GROUP REPORTS FOURTH QUARTER REVENUE OF $67.3 MILLION"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n NAPLES, Fla.<\/span>
\n <\/span>, March 20, 2025<\/span><\/span> \/PRNewswire\/ — Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three months and year ended December 31, 2024<\/span>. For further information, the Company has posted a presentation to its website regarding the fourth quarter and fiscal year highlights and accomplishments that management will review on today’s conference call.<\/p>\n

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\n \"Beasley
\n <\/a>\n <\/p>\n<\/p><\/div>\n

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\n Conference Call and Webcast\u00a0
<\/b>
\n Today, March 20, 2025 at 11:00 a.m. ET
<\/b>+1 (646) 307-1963 or (888) 672-2415, conference ID 1613596 or
www.bbgi.com<\/b><\/a><\/p>\n

Replay information provided below<\/b><\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n Summary\u00a0of Three Month and Full-Year Results<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Three\u00a0Months\u00a0Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Year Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n In\u00a0millions, except per share\u00a0data<\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n December\u00a031,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 67.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 65.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 240.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 247.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Operating\u00a0income (loss) 1<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 7.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (82.0)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net\u00a0income (loss)\u00a01<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n (2.1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (75.1)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net\u00a0income (loss) per diluted share\u00a01<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n (1.17)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.25<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (3.73)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (50.26)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n EBITDA\u00a0per\u00a0Indenture\u00a0(non-GAAP)\u00a02<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 32.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 23.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

    \n
  1. Net loss and net loss per diluted share in the year ended December 31, 2024<\/span> both include a $6.0 million<\/span> gain on sale of an investment in Broadcast Music, Inc. Operating loss, net loss and net loss per diluted share in the year ended December 31, 2023<\/span> all reflect $98.8 million<\/span> of non-cash impairment losses.<\/li>\n
  2. Following the closure of our debt exchange, we now report EBITDA per Indenture. See “Definitions” below for additional detail.<\/li>\n<\/ol>\n

    \n Fourth\u00a0Quarter\u00a02024\u00a0Highlights<\/b>\n <\/p>\n