secwatch.observer — SEC 8-K summary
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Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0000950170-24-013884
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000095017024013884/0000950170-24-013884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000095017024013884/bbgi-20240212.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-013884

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer