---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-041061"
form_type: "8-K"
ticker: "BBGI"
cik: "0001099160"
company_name: "BEASLEY BROADCAST GROUP INC"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T08:42:06.596540+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Beasley Q4 net loss $25.8M from $44.2M non-cash impairment; revenue up 1.8% to $72M

## Summary
- Q4 net revenue $72.0M (+1.8% YoY); operating loss $33.5M vs $6.5M income in Q4 2021 due to $44.2M impairment.
- Net loss $25.8M ($0.87 diluted EPS) vs net income $10.6M ($0.36 diluted EPS) in Q4 2021.
- Full year net revenue $256.4M (+6.2%); net loss $43.4M ($1.47 diluted EPS) including $54.7M impairment.
- Digital revenue up 13.2% YoY to ~17% of Q4 revenue; political revenue $5.1M in Q4.
- Total debt $290M; cash $39.5M; impairment charges preliminary and subject to change.

## SEC filing metadata
- accession: 0001193125-23-041061
- form_type: 8-K
- ticker: BBGI
- cik: 0001099160
- company_name: BEASLEY BROADCAST GROUP INC
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1099160/000119312523041061/0001193125-23-041061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1099160/000119312523041061/d277941d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-041061
- JSON: https://secwatch.observer/filing/0001193125-23-041061.json
- Plain text: https://secwatch.observer/filing/0001193125-23-041061.txt

## Key facts
- Earnings Releases
  BEASLEY BROADCAST GROUP INC reported the fiscal quarter ended December 31, 2022 results: revenue $72.0 million, net income $25.8 million, EPS $0.87 per diluted share.
  - Period: the fiscal quarter ended December 31, 2022
  - Revenue: $72.0 million
  - Net income: $25.8 million
  - EPS: $0.87 per diluted share
  - Result: reported results
  source text: Chief Executive Officer JCIR Beasley Broadcast Group, Inc. 212/835-8500 or bbgi@jcir.com 239/263-5000 or ir@bbgi.com BEASLEY BROADCAST GROUP FOURTH QUARTER REVENUE INCREASES TO $72.0 MILLION Fourth Quarter Operating Loss of $33.5 Million Inclusive of $44.2 Million Non-cash Impairment Losses NAPLES, Florida, February 16, 2023 – Beasley Broadcast Group, Inc. (Nasdaq:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1099160/000119312523041061/0001193125-23-041061-index.htm
- Earnings Releases
  BEASLEY BROADCAST GROUP INC reported the twelve months ended December 31, 2022 results: revenue $256.4 million, net income $43.4 million, EPS $1.47 per diluted share.
  - Period: the twelve months ended December 31, 2022
  - Revenue: $256.4 million
  - Net income: $43.4 million
  - EPS: $1.47 per diluted share
  - Result: reported results
  source text: as we generated healthy growth across all of our digital, local audio, political and other revenue sources, as reflected by the 6.2% increase in full year net revenues to $256 million. This top-line growth was the primary factor contributing to a 2.8% year-over-year increase in full year SOI to $43.1 million. “While economic uncertainty remains, Beasley
  evidence_url: https://www.sec.gov/Archives/edgar/data/1099160/000119312523041061/0001193125-23-041061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.