Beasley Q3 revenue $60.1M, net loss $67.5M on $88.8M impairment; digital up 9.1%

BEASLEY BROADCAST GROUP INC

2023-Q3 EPS reported -$2.73 revenue$181,360,600

Net loss $67.5M ($2.25/diluted share) vs net income $0.5M ($0.02) a year ago; includes $88.8M non-cash impairment.
Revenue $60.1M, down 5.8% YoY from $63.8M; digital revenue grew 9.1% to 18.6% of total.
Adjusted EBITDA $5.5M vs $7.2M; operating expenses down 2.7%, corporate expenses down 12.5%.
Post-Q3: sold WJBR-FM for $5M, used proceeds to repurchase $10M senior secured notes at discount; debt reduced $13M YTD.
New local business revenue up 22% YoY; company expects positive cash flow in Q4 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 0.9

BEASLEY BROADCAST GROUP INC reported the fiscal quarter ended September 30, 2023 results: revenue $60.1 million, net income Net loss of $67.5 million, EPS ($2.25) per diluted share.

Period: the fiscal quarter ended September 30, 2023
Revenue: $60.1 million
Net income: Net loss of $67.5 million
EPS: ($2.25) 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 THIRD QUARTER REVENUE OF $60.1 MILLION 9.1% Digital Revenue Growth with Digital Accounting for 18.6% of Quarterly Revenue; Third Quarter Net Loss of $67.5 Million, Inclusive of $88.8 million of Non-Cash Impairment

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 0000950170-23-057453

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.