Beasley Q3 revenue up 1.5% to $63.8M, net income $0.5M vs loss last year

BEASLEY BROADCAST GROUP INC

2022-Q3 EPS reported -$0.60 revenue$184,354,006

Net revenue $63.8M, up 1.5% YoY; digital revenue +23.1% to 16% of total.
Net income $0.5M ($0.02 diluted EPS) vs net loss $1.6M (-$0.06) in Q3 2021.
Station operating income (non-GAAP) $12.3M, up 5.1% YoY.
Repurchased $5.0M senior secured notes at 77% of par, gain of $1.0M; total debt $290M.
Implemented ~$10M in expense reductions, half from headcount cuts.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BEASLEY BROADCAST GROUP INC reported three months ended September 30, 2022 results: revenue $63.8, net income 0.5, EPS 0.02.

Period: three months ended September 30, 2022
Revenue: $63.8
Net income: 0.5
EPS: 0.02
Result: reported results

Exact text from the filing

Net revenue $ 63.8 $ 62.9 $ 184.4 $ 170.7 Operating income (loss) 1 4.7 4.9 (2.6 ) 8.1 Net income (loss) 1 0.5 (1.6 ) (17.5 ) (12.1 ) Net income (loss) per diluted share 1 $ 0.02 ($ 0.06 ) ($ 0.60 ) ($ 0.41 )

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BEASLEY BROADCAST GROUP INC reported for the fiscal quarter ended September 30, 2022 results: revenue $63.8 million, net income $0.5 million, EPS $0.02 per diluted share.

Period: for the fiscal quarter ended September 30, 2022
Revenue: $63.8 million
Net income: $0.5 million
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

Executive Officer JCIR Beasley Broadcast Group, Inc. 212/835-8500 or bbgi@jcir.com 239/263-5000 or ir@bbgi.com BEASLEY BROADCAST GROUP THIRD QUARTER NET REVENUE RISES 1.5% TO $63.8 MILLION Digital Revenue Increased 23.1% Year-over-Year NAPLES, Florida, November 7, 2022 – Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a

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Source: SEC EDGAR

accession 0001193125-22-279044

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