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Beasley Broadcast Group (BBGI)
NASDAQ:BBGI
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Earnings Data
Report Date
Feb 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$0.21Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -22.28%
|Next Earnings Date:Feb 17, 2025
Earnings Call Sentiment|Neutral
The call reflected a period of restructuring and strategic focus, with significant achievements in debt reduction and digital growth, but faced challenges in overall revenue decline and national advertising constraints.Company Guidance
During Beasley Broadcast Group's Q3 2024 earnings call, key metrics highlighted included a successful debt reduction of $47 million, extending maturities to August 2028, with 98.4% support from noteholders. The company executed a reverse stock split to maintain its NASDAQ listing. In Q3, same-station revenue rose by 0.5%, whereas total net revenue decreased by 3.2% year-over-year. Political revenue saw a significant increase, with $2.7 million generated in Q3, contributing to a total of $3.7 million year-to-date. Digital revenue grew by 11.7% on a same-station basis, now comprising 19.4% of total revenue. National revenue increased by 11.2% including political contributions, despite a 16% drop excluding political. Operating expenses fell by 0.3%, with a station operating income of $8.2 million. The company reported an adjusted EBITDA of $5.6 million for the quarter, with cash on hand at $27.8 million. Beasley Broadcast Group's strategic focus remains on digital growth and operational efficiency, projecting total annualized savings of approximately $20 million.Successful Debt Reduction
Completed exchange offer, new notes offering, and tender offer resulting in an immediate debt reduction of $47 million and extension of maturities to August 2028.
Increase in Political Revenue
Generated $2.7 million in net political revenue in Q3, bringing year-to-date net political revenue to $3.7 million, up 23% compared to the same period in 2020.
Digital Revenue Growth
Digital segment revenue grew 11.7% on a same-station basis for the quarter and 13.6% year-to-date, with digital accounting for 19.4% of Q3 total revenue.
Operating Income Improvement
Operating income increased 101.4% year-over-year from a negative $85.5 million to a positive $1.2 million due to reduced impairment loss.
Expense Reductions and Efficiency
Achieved expense reductions projected at over $5 million annually through voluntary early retirement and strategic headcount reductions.
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BBGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BBGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $11.84 | $10.75 | -9.21% |
| Aug 12, 2024 | $11.60 | $12.00 | +3.45% |
| May 08, 2024 | $14.55 | $14.28 | -1.86% |
| Feb 12, 2024 | $16.60 | $16.85 | +1.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Beasley Broadcast Group (BBGI) report earnings?
Beasley Broadcast Group (BBGI) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Beasley Broadcast Group (BBGI) earnings time?
Beasley Broadcast Group (BBGI) earnings time is at Feb 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BBGI EPS forecast?
Currently, no data Available
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