Beasley Q2 net loss narrows to $10.4M; Adj. EBITDA up 17% to $7.7M; digital revenue grows 15%

BEASLEY BROADCAST GROUP INC

2023-Q2 EPS reported -$0.47 revenue$121,240,843

Net loss of $10.4M ($0.35 diluted EPS) vs $14.5M loss ($0.49) in Q2 2022; includes $10.0M non-cash impairment.
Revenue $63.5M, down 2.1% YoY; digital revenue grew 14.8% to 19.4% of total revenue.
Adjusted EBITDA $7.7M (+16.8% YoY); operating expenses down 4.3% YoY.
Repurchased $3M of debt at discount; total debt $287M; cash $35.5M at quarter end.
Management reaffirms expectation of positive cash flow for full year 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BEASLEY BROADCAST GROUP INC reported the fiscal quarter ended June 30, 2023 results: revenue $63.5 million, net income $(10.4) million, EPS $(0.35) per diluted share.

Period: the fiscal quarter ended June 30, 2023
Revenue: $63.5 million
Net income: $(10.4) million
EPS: $(0.35) per diluted share
Result: reported results

Exact text from the filing

Chief Executive Officer JCIR Beasley Broadcast Group, Inc. 212/835-8500 or bbgi@jcir.com 239/263-5000 or ir@bbgi.com BEASLEY BROADCAST GROUP REPORTS SECOND QUARTER REVENUE OF $63.5 MILLION 14.8% Digital Revenue Growth and Expense Management Lead to a $4.1 Million Reduction in Net Loss and a 16.8% Increase in Adjusted EBITDA NAPLES, Florida, August 3, 2023 – Beasley

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

BEASLEY BROADCAST GROUP INC filing history →

Source: SEC EDGAR

accession 0000950170-23-037972

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.