secwatch.observer — SEC 8-K summary
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Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055597
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000095017024055597/0000950170-24-055597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000095017024055597/bbgi-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055597

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