Beasley Q4 net income $6.4M ($0.21/diluted); digital 18.4% of FY revenue; debt down $23M

BEASLEY BROADCAST GROUP INC

2023-FY EPS reported -$2.51 revenue$247,109,258

Q4 net revenue $65.7M (down 9% YoY); diluted EPS $0.21 vs ($0.83) loss prior year.
Q4 Adjusted EBITDA $4.7M (down $5.2M YoY) reflecting lower revenue and political cycle.
Full-year digital revenue up 11.4% to 18.4% of total; targeting 20-25% in 2024.
Sold WJBR-FM for $5M; received $6M Overwatch league franchise fee extinguishment from Activision.
Repurchased $20M senior notes at discount; total debt reduction $23M in 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 three- and twelve-month periods ended December 31, 2023 results: revenue $65.7 million, net income $6.4 million, EPS $0.21 per diluted share.

Period: three- and twelve-month periods ended December 31, 2023
Revenue: $65.7 million
Net income: $6.4 million
EPS: $0.21 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 FOURTH QUARTER REVENUE OF $65.7 MILLION AND DILUTED EPS OF $0.21 NAPLES, Florida, February 12, 2024 – Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today

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Source: SEC EDGAR

accession 0000950170-24-013884

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