secwatch.observer — SEC 8-K summary
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Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0000950170-24-095502
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beasley Q2 net loss narrows to $0.3M; digital revenue up 5.7%, adjusted EBITDA rises 11.4%
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- Net revenue $60.4M, down 4.8% YoY; net loss $0.3M ($0.01/diluted share) vs $10.4M loss ($0.35) in Q2 2023.
- Adjusted EBITDA $8.8M, +11.4% YoY; operating income $5.4M vs operating loss $4.5M (includes $10M impairment in 2023).
- Digital revenue grew 5.7% to $13.0M (10.4% same-station); digital now 21.5% of total revenue.
- Targeting $10M annualized expense savings; achieved ~$2M in Q2; new customer revenue up 16.5% YoY.
- Generated $586K in political revenue; local revenue accounted for 72.8% of net revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000095017024095502/0000950170-24-095502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000095017024095502/bbgi-20240802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-095502

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