Beasley Q2 net revenue $59.6M (+96% YoY); returns to profitability with $0.2M net income

BEASLEY BROADCAST GROUP INC

2022-Q2 EPS reported -$0.35 revenue$107,786,745

Net revenue $59.6M vs $30.4M in Q2 2020 (+96%); operating income $5.8M vs loss of $17.6M.
Diluted EPS $0.01 vs ($0.63) a year ago; Station Operating Income $11.1M vs negative $11.0M.
Digital revenue grew 96% YoY, accounting for 13.4% of total revenue; record digital audience impressions.
Completed $300M 8.625% senior secured notes offering due 2026; ended quarter with over $57M liquidity.
Includes $1.5M life insurance proceeds from death of founder George Beasley.

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