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Beasley Broadcast Group's Q2 revenue falls on ad softness, sales execution challenges

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

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$53 mln
Q2 EPS-$0.09
Q2 Net Income-$200,000
Q2 Operating Income$2.90 mln
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.)

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