Beasley Broadcast Q1 revenue falls 13% as ad market weakens

Beasley Broadcast

13/05/2026 12:10

Overview

U.S. radio station operator's Q1 revenue fell 13% yr/yr amid weak agency advertising market

Company swung to net profit from prior-year loss, aided by Fort Myers station sale

Adjusted EBITDA turned negative in Q1, while digital revenue was flat yr/yr

Outlook

Company says macroeconomic conditions remain challenging as it focuses on digital and deleveraging

Beasley aims to stabilize local direct revenue and scale higher-margin digital products in 2026

Company says recent balance sheet actions provide flexibility for ongoing operating and deleveraging strategy

Result Drivers

AGENCY ADVERTISING WEAKNESS - Co said persistent weakness in the traditional agency advertising market weighed on revenue

DIGITAL REVENUE GROWTH - Co said owned-and-operated digital products grew year-over-year on a same-station basis and contributed to revenue quality and margin stability

FORT MYERS STATION SALE - Co said operating income increase was driven primarily by the completion of the sale of all stations operated within Fort Myers, FL

Company press release: ID:nPn2QD7GRa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$42.60 mln
Q1 EPS
$1.77
Q1 Net Income
$3.20 mln
Q1 Operating Income
$7.70 mln


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(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.)