Beasley Broadcast Group Reports Decline in Q2 2025 Financial Performance

Beasley Broadcast Group, Inc. reported a decline in financial performance for the second quarter of 2025, with net revenue falling to $52.99 million, a decrease of 12.3% from $60.44 million in the same period of 2024. The company's operating income also decreased significantly, dropping to $2.89 million from $5.38 million year-over-year. The net loss for the quarter was $154,175, compared to a loss of $276,021 in the prior year, reflecting a 44.1% improvement in net loss despite the overall revenue decline. For the first half of 2025, net revenue was $101.91 million, down 11.2% from $114.82 million in the first half of 2024, with a net loss of $2.84 million compared to a loss of $268,051 in the previous year.

The company experienced a notable decrease in audio revenue, which fell by 16% to $39.82 million in the second quarter, primarily due to reduced agency revenue. Digital revenue, however, showed slight growth, increasing by 1.3% to $13.18 million. Operating expenses decreased by 9.3% to $44.75 million, attributed to effective expense management in the audio segment. Interest expenses also saw a significant reduction, down 45.9% to $3.29 million, largely due to the amortization of a deferred interest premium from a debt restructuring completed in October 2024.

Strategically, Beasley Broadcast Group has been active in asset management, entering into agreements to sell several radio station assets. On June 27, 2025, the company agreed to sell WPBB-FM in Tampa for $8 million, and on August 11, 2025, it announced the sale of WRXK-FM and WXKB-FM in Fort Myers for $9 million each. These transactions are subject to FCC approval and are expected to close in the latter half of 2025. The company is also transitioning to a new equity incentive plan, the 2025 Equity Incentive Award Plan, which allows for the issuance of up to 300,000 shares of Class A common stock.

Operationally, Beasley Broadcast Group's total assets as of June 30, 2025, were reported at $548.04 million, with total liabilities of $403.51 million, resulting in stockholders' equity of $144.52 million. The company’s cash and cash equivalents slightly decreased to $13.72 million from $13.77 million at the end of 2024. The company’s employee headcount and customer engagement metrics were not detailed in the filing, but the company continues to focus on maintaining its market presence across various geographic locations, including major markets like Boston, Philadelphia, and Las Vegas.

Looking ahead, Beasley Broadcast Group anticipates challenges due to external economic conditions affecting advertising revenues. The company has indicated that it will continue to manage its expenses closely while seeking to enhance its digital offerings. The outlook remains cautious, with management emphasizing the need for strategic flexibility in navigating the evolving media landscape and potential impacts from regulatory changes.