Beasley Broadcast Q2 FY26 net income swings to profit of $84.3 million; revenue drops 16.8% year-over-year to $44.1 million

Beasley Broadcast Group posted second-quarter net revenue of $44.1 million, down 9.6% year over year on a same-station basis.

• GAAP net income swung to $84.3 million, driven by a $91.79 million gain on debt restructure.
• Operating income fell to $1.3 million; adjusted EBITDA (non-GAAP) rose to $5.3 million from $4.7 million.
• Digital revenue slipped to $11.7 million, down 11.6% year over year; local revenue rose 9% and made up 74% of net revenue.
• Debt exchange and repurchases cut total outstanding debt by $95 million, including a 46% reduction in second lien debt.