secwatch.observer — SEC 8-K summary
======================================

Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2026-08-12T21:00:16+00:00
Accession:  0001193125-26-347093
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beasley Q2 revenue $44.1M (-17% YoY); net income $84.3M on debt-extinguishment gain
--------------------------------------------------------------------------------

- Net revenue $44.1M, down 16.8% YoY (same-station -9.6%); operating income $1.3M.
- GAAP net income $84.3M ($45.95 diluted EPS) on non-cash debt-extinguishment gain; adjusted EBITDA $5.3M vs $4.7M.
- May 1 debt restructuring cut total debt $95M, incl. 46% of second-lien; new ABL facility established.
- Digital revenue $11.7M (-11.6% YoY, +7.1% same-station); local revenue 74% of net, up 9%.
- Added ~$10M annualized cost cuts in Q2; trailing 12-month savings ~$30M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000119312526347093/0001193125-26-347093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000119312526347093/bbgi-20260812.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-347093

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