Beasley Broadcast Q1 Revenue Drops 12.9% to $42.6M; Digital Growth Boosts Income
Beasley Broadcast Group's first-quarter net revenue fell 12.9% year-over-year to $42.6 million, including a 6.7% same-station decline. Operating income swung to $7.7 million from a prior $0.3 million loss and net income reached $3.2 million, aided by a Fort Myers station sale and digital revenue growth.
1. Financial Performance
Net revenue for the three months ended March 31, 2026 fell 12.9% to $42.6 million, including a 6.7% same-station decline. Operating income rose to $7.7 million from a $0.3 million loss, driving net income of $3.2 million, or $1.77 per diluted share.
2. Digital Segment Growth
Digital revenue totaled $10.7 million, flat year-over-year but up 18.2% on a same-station basis, accounting for 25% of net revenue and delivering a 15.5% operating margin that underpinned profitability improvements.
3. Capital Structure Improvements
The company completed the sale of its Fort Myers stations and restructured its debt through second lien adjustments, first lien repurchases and a new asset-based lending facility, strengthening liquidity and financial flexibility.