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Beasley Sees Q4 Gains, But Layoffs and Refinancing Take a Toll

Summary by Radio Ink

Beasley Media Group CEO Caroline Beasley described 2024 as a "pivotal year" for the broadcaster, emphasizing efforts to streamline and strengthen its financial position as a modest Q4 revenue increase helped offset refinancing and restructuring costs.

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Insideradio.com

Political Drives Beasley To A 2.3% Increase In Q4 2024 Revenue.

Driven by an $8.3 million boost from political advertising, Beasley Media Group reports that net revenue rose to $67.3 million in the fourth quarter of 2024, an increase of 2.3%, compared to $65.7 million in Q4 2023. For 2024, net…

13 days ago

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Radio Ink

Beasley Sees Q4 Gains, But Layoffs and Refinancing Take a Toll

13 days ago

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Radio & Television Business Report

Mixed Results For Beasley In Q4, And In All of 2024 | Radio & Television Business Report

NAPLES, FLA. — The owner of broadcast radio stations in markets including Tampa-St. Petersburg, Philadelphia, Detroit and Boston, where WBZ-FM “98.5 The Sports Hub” is its revenue and expense leader, has released its fourth-quarter and full-year 2024 earnings. The arrival of the results from Beasley Media Group turns out to be a good one for the company led by CEO Caroline Beasley. That’s not to say challenges seen by the publicly traded company…

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BBGI.COM

BEASLEY BROADCAST GROUP REPORTS FOURTH QUARTER REVENUE OF $67.3 MILLION - Beasley Media Group, LLC

NAPLES, Florida, March 20, 2025 – Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three months and year ended December 31, 2024. For further information, the Company has posted a presentation to its website regarding the fourth quarter and fiscal year highlights and accomplishments that management will review on today’s conference call. Summary o…

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RadioInsight

Beasley Media Group Releases 2024 Year-End Earnings Report

Beasley Media Group released its Q4 and 2024 Year-End Earnings report this morning. Beasley noted that the company’s net revenue was down from $247.1 million in 2023 to $240.3 million in 2024, but offset in part to a political advertising boost in Q4 that brought in $8.3 million, which the company noted was caused by “ongoing softness in the commercial advertising market, as well as revenue declines related to the divestiture of our Wilmington s…

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