secwatch.observer — SEC 8-K summary
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Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2022-02-08T23:59:59+00:00
Accession:  0001193125-22-031091
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beasley Q4 revenue up 3.3% to $70.7M; operating income falls to $6.5M
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- Net revenue $70.7M, +3.3% YoY, driven by audio/digital ad recovery; political revenue declined.
- Operating income $6.5M vs $19.6M YoY, reflecting higher digital agency costs and expense normalization.
- Net income $10.6M ($0.36 diluted) vs $11.0M ($0.38); included $10M PPP loan forgiveness gain.
- Station operating income (non-GAAP) $13.9M vs $20.1M YoY.
- Digital revenue rose 47.3% YoY, reaching 15% of total Q4 revenue; debt $300M, cash $51.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000119312522031091/0001193125-22-031091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000119312522031091/d672558d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-031091

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