Overview
Beasley Q2 revenue falls 12.3% yr/yr to $53.0 mln
Adjusted EBITDA drops to $4.7 mln from $8.8 mln in prior-year period
Says top-line impacted by advertising softness and ongoing sales execution challenges
Outlook
Beasley launching new self-serve platform in Q3
Result Drivers
ADVERTISING SOFTNESS - Revenue decline attributed to continued softness in traditional audio advertising market
DIGITAL GROWTH - Digital revenue increased 1.3% yr/yr, now making up 25% of total revenue
COST REDUCTION - Significant cost reductions implemented, though not enough to offset revenue decline
Key Details
Press Release: ID:nPnhNhG4a
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)