What factors drove the changes in Beasley Broadcast's revenue and profit?

What is Beasley Broadcast's latest dividend and current dividend yield?

Did Beasley Broadcast beat or miss consensus estimates last quarter?

What guidance did Beasley Broadcast's management provide for the next earnings period?

What were the key takeaways from Beasley Broadcast’s earnings call?

What is the revenue and EPS growth rate for Beasley Broadcast year over year?

What is Beasley Broadcast's gross profit margin?

What does Beasley Broadcast do and what are its main business segments?

- **Digital transformation success**: Digital revenue at 25% of total, growing 28% YoY, with Audio Plus revenue up 200% QoQ.
- **Cost-cutting achievements**: $15M total savings, $4M in 2026 from 2025 cuts, and $1M annual savings from engineering center.
- **Agency challenges**: 16% YoY decline in national agency revenue, expected to stabilize in Q1 2026.
- **Asset sales**: $18M Fort Myers sale, open to further transactions to reduce debt.

**【CEO Opening Remarks】**
- Caroline Beasley announced her role as Interim Principal Financial Officer following Lauren Burrows' resignation, emphasizing financial discipline and continuity.
- The company sold WPBB in Tampa for $18 million, with Fort Myers closings delayed due to government shutdown.
- Strategic focus: scaling digital products, improving earnings quality, and pivoting sales to direct data-driven relationships.

**【CEO Financial and Operational Update】**
- Q3 revenue: $51 million (-11% same-station, -7.5% YoY ex-political), driven by agency softness.
- Digital revenue: 25% of total, growing 28% YoY, with Audio Plus revenue up 200% QoQ.
- Cost savings: $1.5M run-rate savings from workforce realignment, $4M in 2026 from 2025 cuts.
- Operating expenses: Station expenses down 8% YoY, corporate expenses down 50% YoY.

**【CFO Financial Commentary】**
- Agency revenue decline: 16% YoY (national), 17% YoY (local), offset by 3.5% growth in local direct business.
- Digital operating margin: 21% (vs. 7% prior year), driven by O&O products (58% of digital revenue).
- Expense management: $15M total savings (incl. $4M one-time costs), $20M ex-one-time savings.
- Capital expenditures: $2.2M for centralized engineering center, $1M annual savings from 2026.

**【Q&A Highlights】**
- Agency challenges: Expected to anniversary in Q1 2026, slight improvement in Q4.
- 2026 cost savings: $4M from 2025 cuts, additional savings under evaluation.
- Fort Myers sale: $18M total to Fort Myers Broadcasting and Sun Broadcasting, open to accretive transactions.

Beasley Broadcast Group, Inc. (BBGI) Q3 2025 Earnings Call Transcript

Audio

Digital Advertising

Other

BBGI

BBGI fundamentals

You can ask Aime