BEASLEY BROADCAST GROUP (BBGI) Company Report

Beasley Broadcast Group reported Q3 2025 total company revenue of $51 million, representing an 11% decline on a same-station basis or 7.5% decline year-over-year excluding political revenue.
Digital revenue continues to be a growth driver, accounting for 25% of company revenue year-to-date and growing 28% year-over-year on a same-station basis, with digital segment operating income reaching a company-high of 28%.
The company achieved significant expense reductions in Q3 2025, with station operating expenses down 8% year-over-year and corporate expenses down nearly 50% year-over-year.
Lauren Burrows resigned as CFO effective October 17th, with CEO Caroline Beasley serving as interim Principal Financial Officer.
For Q4 2025, total company revenue is pacing down approximately 20% year-over-year (including prior year political revenue), and the company anticipates $4 million in additional savings from Q3/Q4 cuts to benefit 2026.

Nov 10, 2025, 4:00 PM

Beasley Broadcast Group Reports Q3 2025 Financial Results

BBGI

Earnings

Demand Weakening

M&A

Beasley Broadcast Group reported net revenue of $51.0 million and a net loss of $3.6 million for the third quarter ended September 30, 2025, with Adjusted EBITDA of $3.9 million.
Net revenue for Q3 2025 decreased 12.4% year-over-year, reflecting continued softness in the traditional agency advertising market.
Despite the overall revenue decline, digital revenue increased 14.6% year-over-year to $13.0 million, now accounting for 25% of total net revenue.
The company closed the sale of WPBB-FM for $8.0 million on September 29, 2025, and reduced total station operating and corporate expenses by $15 million year-to-date through cost-reduction initiatives.

Nov 10, 2025, 2:02 PM

Beasley Broadcast Group Reports Third Quarter 2025 Results

BBGI

Earnings

Demand Weakening

M&A

Beasley Broadcast Group reported net revenue of $51.0 million for the three months ended September 30, 2025, marking a 12.4% decrease compared to the prior year quarter.
The company recorded an operating loss of $0.3 million and a net loss per diluted share of $1.97 for the third quarter of 2025.
Adjusted EBITDA was $3.9 million for the third quarter of 2025.
Digital revenue increased 14.6% year-over-year to $13.0 million, accounting for 25% of net revenue.
The company closed the sale of WPBB-FM for $8.0 million on September 29, 2025, and has pending agreements for the sale of its Ft. Myers market assets.