Beasley Broadcast Q1 revenue up 3.7% to $57.8M; SOI up 21%, net loss narrows to $0.12/share

BEASLEY BROADCAST GROUP INC

2023-Q1 EPS reported -$0.12 revenue$57,779,120

Net revenue $57.8M (+3.7% YoY); operating income $0.4M vs loss of $2.7M in Q1 2022.
Station operating income (non-GAAP) $7.1M, up 21% from $5.9M a year ago.
Digital revenue grew 27.8% YoY, representing 17.3% of total revenue; unique users more than doubled.
Net loss $3.5M ($0.12 diluted EPS) vs $3.7M ($0.13) prior year; Q1 2022 included $1.9M impairment.
Debt $290M, cash $35.9M; no specific guidance change, but expects Q2 improvement cautiously.

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 the fiscal quarter ended March 31, 2023 results: revenue $57.8 million, net income net loss of $3.5 million, EPS $0.12 per diluted share.

Period: the fiscal quarter ended March 31, 2023
Revenue: $57.8 million
Net income: net loss of $3.5 million
EPS: $0.12 per diluted share
Result: reported results

Exact text from the filing

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 FIRST QUARTER REVENUE INCREASES TO $57.8 MILLION First Quarter Revenue Growth Driven by Continued Digital Growth Leading to Significant Cash Flow Increase NAPLES, Florida, April 26, 2023 – Beasley Broadcast Group, Inc. (Nasdaq:

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Source: SEC EDGAR

accession 0001193125-23-118478

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