Radio broadcaster Beasley's Q3 revenue falls 12.4%

Beasley Broadcast

10/11/2025 12:07

Overview

Beasley Q3 revenue falls 12.4% yr/yr to $51.0 mln, in line with guidance

Company reports Q3 operating loss of $300,000, net loss of $3.6 mln

Digital revenue rises 14.6% yr/yr, now 25% of total revenue

Outlook

Company remains focused on strengthening balance sheet through planned asset sales

Beasley sees sustained growth and record margins in digital business

Company notes challenges in advertising demand, especially in agency channels

Result Drivers

DIGITAL GROWTH - Digital revenue increased 14.6% yr/yr, now making up 25% of total revenue, driven by owned-and-operated products

COST REDUCTION - Co reduced operating and corporate expenses by $15 mln year-to-date, improving efficiency

ASSET SALES - Sale of WPBB-FM completed for $8.0 mln, with further sales pending FCC approval to strengthen balance sheet

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$51 mln
Q3 EPS
-$1.97
Q3 Net Income
-$3.60 mln
Q3 Operating Income
-$300,000


Press Release: ID:nPn1VbRvva

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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.)