Mixed Bag for Beasley Broadcast Group Amid Strategic Shifts and Revenue Decline

Beasley Broadcast Group's Q2 earnings call showed mixed signals with strong growth in digital revenue, effective cost management, and asset sales for debt reduction. However, traditional audio segment underperformance and declines in agency revenue cast a shadow over the outlook. Despite a 1.3% overall digital revenue growth and 8.1% same-station growth, total net revenue declined 11.1% YoY due to significant drops in agency-related revenue.