---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-055597"
form_type: "8-K"
ticker: "BBGI"
cik: "0001099160"
company_name: "BEASLEY BROADCAST GROUP INC"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:39:48.446232+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Beasley Q1 revenue down 5.9% to $54.4M; net income tiny as $6M gain offsets operating loss

## Summary
- Q1 revenue $54.4M, down 5.9% YoY from $57.8M, due to audio advertising softness and divestitures.
- Operating loss of $1.1M vs operating income of $0.4M in prior year.
- Net income ~$8k ($0.00/diluted) vs net loss of $3.5M (-$0.12); includes $6.0M gain on BMI sale.
- Adjusted EBITDA fell to $0.7M from $2.6M year-over-year.
- Digital revenue grew 10% YoY to $11M (20% of total); 2024 guidance for digital at 20–25% of total.

## SEC filing metadata
- accession: 0000950170-24-055597
- form_type: 8-K
- ticker: BBGI
- cik: 0001099160
- company_name: BEASLEY BROADCAST GROUP INC
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1099160/000095017024055597/0000950170-24-055597-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1099160/000095017024055597/bbgi-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-055597
- JSON: https://secwatch.observer/filing/0000950170-24-055597.json
- Plain text: https://secwatch.observer/filing/0000950170-24-055597.txt

## Key facts
- Earnings Releases
  BEASLEY BROADCAST GROUP INC reported the three-month period ended March 31, 2024 results: revenue $54.4 million, net income $0.00 per diluted share.
  - Period: the three-month period ended March 31, 2024
  - Revenue: $54.4 million
  - Net income: $0.00 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 FIRST QUARTER REVENUE OF $54.4 MILLION NAPLES, Florida, May 8, 2024 – Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for
  evidence_url: https://www.sec.gov/Archives/edgar/data/1099160/000095017024055597/0000950170-24-055597-index.htm

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