Beasley swings to Q2 profit on debt restructuring gain; revenue falls

Beasley Broadcast

12/08/2026 21:12

Overview
U.S. radio station operator's Q2 revenue fell 17% yr/yr amid weakness in traditional advertising
Adjusted EBITDA for Q2 rose yr/yr, reflecting cost reduction initiatives
Company reduced debt by $95 mln, resulting in a significant non-cash gain

Outlook
Company says strategy remains focused on sustainable revenue growth and EBITDA expansion
Company notes broader advertising environment remains dynamic

Result Drivers
TRADITIONAL AD WEAKNESS - Co said revenue decline was due to continued weakness in traditional national and local agency advertising
SAME-STATION DIGITAL GROWTH - Digital revenue rose 7.1% on a same-station basis and local direct spot revenues stabilized, partially offsetting traditional ad weakness
COST REDUCTIONS - Operating expenses declined 13.2% yr/yr due to cost reduction initiatives and disciplined expense management

Company press release: ID:nPn3RQ3gJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$44.10 mln
$43.10 mln (1 Analyst)
Q2 Diluted EPS
Beat
$45.95
-$1.32 (1 Analyst)
Q2 Net Income
 
$84.30 mln
 
Q2 Operating Income
 
$1.33 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the broadcasting peer group is "buy"
Wall Street's median 12-month price target for Beasley Broadcast Group Inc is $31.00, about 39.1% above its August 11 closing price of $22.29

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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.)