---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057453"
form_type: "8-K"
ticker: "BBGI"
cik: "0001099160"
company_name: "BEASLEY BROADCAST GROUP INC"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T01:59:12.928216+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-057453
- form_type: 8-K
- ticker: BBGI
- cik: 0001099160
- company_name: BEASLEY BROADCAST GROUP INC
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1099160/000095017023057453/0000950170-23-057453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1099160/000095017023057453/bbgi-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057453
- JSON: https://secwatch.observer/filing/0000950170-23-057453.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057453.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1099160/000095017023057453/0000950170-23-057453-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.