Beasley Broadcast Q4 revenue $67.3M (+2.3% YoY); net loss $2.1M vs prior year income

BEASLEY BROADCAST GROUP INC

Net loss of $2.1M ($1.17 diluted EPS) vs net income of $6.4M ($4.25 EPS) in Q4 2023; driven by one-time costs from debt exchange and severance.
EBITDA per Indenture (non-GAAP) improved to $12.5M from $6.2M YoY, reflecting expense reductions.
Digital revenue $11.5M (-4.1% YoY) in Q4; full-year digital revenue $46.7M (+2.9% YoY) now 19.4% of total.
Achieved ~$20M in annualized expense reductions through workforce realignment and operational efficiencies.
Political advertising contributed $8.3M in Q4, offsetting soft commercial ad market and divestiture impacts.

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