earnings
confidence high
sentiment neutral
materiality 0.70
Beasley Broadcast Q2 net revenue up 8.8% to $64.8M; net loss $14.5M on $8.6M impairment
BEASLEY BROADCAST GROUP INC
2022-Q2 EPS reported
-$0.61
revenue$120,530,718
- Net revenue $64.8M, +8.8% YoY; digital revenue +34.3%, representing 16.5% of total.
- Net loss of $14.5M ($0.48/diluted share) vs net income $0.2M year ago, including $8.6M non-cash impairment.
- Station operating income (non-GAAP) $11.2M vs $11.1M; new business revenue $7.8M, +60% vs Q1 2022.
- Total debt $295M, cash $45.9M; repurchased $5M of 8.625% senior secured notes during Q2.
- Management initiated cost reductions citing declining economic environment; no formal guidance update.