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- **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

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

BBGI

BBGI fundamentals

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