Beasley Broadcast (BBGI)
Market Price (7/26/2026): $20.55 | Market Cap: $37.1 MilSector: Communication Services | Industry: Broadcasting
Beasley Broadcast (BBGI)
Market Price (7/26/2026): $20.55Market Cap: $37.1 MilSector: Communication ServicesIndustry: Broadcasting
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Digital Content & Streaming, Digital Advertising, and Social Media & Creator Economy. Themes include Music Streaming, Show more. | Weak multi-year price returns3Y Excs Rtn is -54% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.8% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 657% Stock price has recently run up significantly6M Rtn6 month market price return is 251%, 12M Rtn12 month market price return is 388% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.1%, Rev Chg QQuarterly Revenue Change % is -13% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.6% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 535% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -519% High stock price volatilityVol 12M is 359% Key risksBBGI key risks include [1] its substantial debt levels and high financial leverage and [2] very high stock volatility combined with low trading volume. |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, Digital Advertising, and Social Media & Creator Economy. Themes include Music Streaming, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -54% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.8% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 657% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 251%, 12M Rtn12 month market price return is 388% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.1%, Rev Chg QQuarterly Revenue Change % is -13% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.6% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 535% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -519% |
| High stock price volatilityVol 12M is 359% |
| Key risksBBGI key risks include [1] its substantial debt levels and high financial leverage and [2] very high stock volatility combined with low trading volume. |
Qualitative Assessment
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Beasley Broadcast (BBGI) stock has gained about 515% since 3/31/2026 because of the following key factors:
1. Major Debt Restructuring and Risk Mitigation.
Beasley Broadcast Group executed a comprehensive debt restructuring that significantly reduced its financial obligations and alleviated imminent "going-concern" risks. This was formally settled around May 1, 2026, subsequent to the period's start, involving the exchange of approximately $184 million of existing second-lien notes for about $98 million of new PIK notes due December 2027, effectively a 50% principal haircut. This move also eliminated approximately $17 million in annual cash interest.
2. Return to Reported Profitability in Fiscal Q1 2026.
The company reported net income of $3.2 million, or $1.77 diluted EPS, for fiscal Q1 2026 (quarter ended March 31, 2026), a substantial turnaround from a $2.7 million loss in the prior year's comparable quarter. This profitability, announced on May 13, 2026, was primarily attributed to approximately $12.5 million in gains from asset dispositions, notably an $18 million sale of Fort Myers assets. The stock responded positively, gaining 6.5% the day following the earnings announcement.
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Beasley Broadcast (BBGI) stock has gained about 515% since 3/31/2026 because of the following key factors:
1. Major Debt Restructuring and Risk Mitigation.
Beasley Broadcast Group executed a comprehensive debt restructuring that significantly reduced its financial obligations and alleviated imminent "going-concern" risks. This was formally settled around May 1, 2026, subsequent to the period's start, involving the exchange of approximately $184 million of existing second-lien notes for about $98 million of new PIK notes due December 2027, effectively a 50% principal haircut. This move also eliminated approximately $17 million in annual cash interest.
2. Return to Reported Profitability in Fiscal Q1 2026.
The company reported net income of $3.2 million, or $1.77 diluted EPS, for fiscal Q1 2026 (quarter ended March 31, 2026), a substantial turnaround from a $2.7 million loss in the prior year's comparable quarter. This profitability, announced on May 13, 2026, was primarily attributed to approximately $12.5 million in gains from asset dispositions, notably an $18 million sale of Fort Myers assets. The stock responded positively, gaining 6.5% the day following the earnings announcement.
3. Continued Digital Revenue Growth and Margin Improvement.
Beasley Broadcast Group demonstrated sustained growth and strategic focus on its digital segment. In fiscal Q1 2026, digital revenue represented over 25% of the company's total net revenue and increased by 18.2% year-over-year on a same-station basis. This ongoing expansion in a higher-margin area, with digital segment operating margins reaching 29% in fiscal Q4 2025, signals a successful diversification of revenue streams and an improving business model.
4. Enhanced Liquidity and Operational Cost Reductions.
The company strengthened its financial position by establishing a new $35 million asset-based credit facility, which improved its liquidity profile. Concurrently, Beasley implemented significant cost controls, resulting in approximately $3.6 million, or a 7%, reduction in operating and corporate expenses during fiscal Q1 2026 compared to the prior year. These measures, alongside proceeds from asset sales, contributed to greater financial stability.
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Stock Movement Drivers
Fundamental Drivers
The 514.4% change in BBGI stock from 3/31/2026 to 7/25/2026 was primarily driven by a 578.5% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.34 | 20.52 | 514.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 220 | 200 | -9.3% |
| P/S Multiple | 0.0 | 0.2 | 578.5% |
| Shares Outstanding (Mil) | 2 | 2 | -0.1% |
| Cumulative Contribution | 514.4% |
Market Drivers
3/31/2026 to 7/25/2026| Return | Correlation | |
|---|---|---|
| BBGI | 514.4% | |
| Market (SPY) | 13.6% | 25.1% |
| Sector (XLC) | -4.1% | 14.0% |
Fundamental Drivers
The 309.6% change in BBGI stock from 12/31/2025 to 7/25/2026 was primarily driven by a 352.3% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.01 | 20.52 | 309.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 220 | 200 | -9.3% |
| P/S Multiple | 0.0 | 0.2 | 352.3% |
| Shares Outstanding (Mil) | 2 | 2 | -0.1% |
| Cumulative Contribution | 309.6% |
Market Drivers
12/31/2025 to 7/25/2026| Return | Correlation | |
|---|---|---|
| BBGI | 309.6% | |
| Market (SPY) | 8.7% | 23.0% |
| Sector (XLC) | -9.4% | 11.4% |
Fundamental Drivers
The 394.5% change in BBGI stock from 6/30/2025 to 7/25/2026 was primarily driven by a 486.3% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.15 | 20.52 | 394.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 235 | 200 | -15.0% |
| P/S Multiple | 0.0 | 0.2 | 486.3% |
| Shares Outstanding (Mil) | 2 | 2 | -0.8% |
| Cumulative Contribution | 394.5% |
Market Drivers
6/30/2025 to 7/25/2026| Return | Correlation | |
|---|---|---|
| BBGI | 394.5% | |
| Market (SPY) | 20.6% | 12.9% |
| Sector (XLC) | -1.1% | 8.8% |
Fundamental Drivers
The 0.6% change in BBGI stock from 6/30/2023 to 7/25/2026 was primarily driven by a 57.9% change in the company's P/S Multiple.| (LTM values as of) | 6302023 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.40 | 20.52 | 0.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 258 | 200 | -22.8% |
| P/S Multiple | 0.1 | 0.2 | 57.9% |
| Shares Outstanding (Mil) | 1 | 2 | -17.5% |
| Cumulative Contribution | 0.6% |
Market Drivers
6/30/2023 to 7/25/2026| Return | Correlation | |
|---|---|---|
| BBGI | 0.6% | |
| Market (SPY) | 72.6% | 5.8% |
| Sector (XLC) | 68.5% | 3.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BBGI Return | 28% | -52% | -5% | -46% | -47% | 332% | -27% |
| Peers Return | 44% | -25% | -1% | -36% | 13% | -13% | -33% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| BBGI Win Rate | 42% | 0% | 33% | 42% | 42% | 29% | |
| Peers Win Rate | 58% | 40% | 48% | 42% | 44% | 36% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| BBGI Max Drawdown | -43% | -56% | -49% | -58% | -71% | -48% | |
| Peers Max Drawdown | -40% | -50% | -47% | -54% | -43% | -45% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: IHRT, TSQ, UONE, SGA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/24/2026 (YTD)
How Low Can It Go
| Event | BBGI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -45.6% | -18.8% |
| % Gain to Breakeven | 83.7% | 23.1% |
| Time to Breakeven | 180 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.8% | -7.8% |
| % Gain to Breakeven | 21.7% | 8.5% |
| Time to Breakeven | 3 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -26.9% | -9.5% |
| % Gain to Breakeven | 36.8% | 10.5% |
| Time to Breakeven | 72 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -39.0% | -6.7% |
| % Gain to Breakeven | 63.9% | 7.1% |
| Time to Breakeven | 116 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -64.3% | -33.7% |
| % Gain to Breakeven | 180.3% | 50.9% |
| Time to Breakeven | 85 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -36.8% | -12.2% |
| % Gain to Breakeven | 58.3% | 13.9% |
| Time to Breakeven | 162 days | 62 days |
In The Past
Beasley Broadcast's stock fell -45.6% during the 2025 US Tariff Shock. Such a loss loss requires a 83.7% gain to breakeven.
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| Event | BBGI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -45.6% | -18.8% |
| % Gain to Breakeven | 83.7% | 23.1% |
| Time to Breakeven | 180 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -26.9% | -9.5% |
| % Gain to Breakeven | 36.8% | 10.5% |
| Time to Breakeven | 72 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -39.0% | -6.7% |
| % Gain to Breakeven | 63.9% | 7.1% |
| Time to Breakeven | 116 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -64.3% | -33.7% |
| % Gain to Breakeven | 180.3% | 50.9% |
| Time to Breakeven | 85 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -36.8% | -12.2% |
| % Gain to Breakeven | 58.3% | 13.9% |
| Time to Breakeven | 162 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -48.1% | -6.8% |
| % Gain to Breakeven | 92.5% | 7.3% |
| Time to Breakeven | 291 days | 15 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -36.5% | -15.4% |
| % Gain to Breakeven | 57.6% | 18.2% |
| Time to Breakeven | 14 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -85.1% | -53.4% |
| % Gain to Breakeven | 570.2% | 114.4% |
| Time to Breakeven | 508 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -22.9% | -8.6% |
| % Gain to Breakeven | 29.6% | 9.5% |
| Time to Breakeven | 1290 days | 47 days |
In The Past
Beasley Broadcast's stock fell -45.6% during the 2025 US Tariff Shock. Such a loss loss requires a 83.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Beasley Broadcast (BBGI)
Beasley Broadcast Group, Inc. (BBGI) is a multi-platform media company primarily engaged in radio broadcasting across the United States. The company owns and operates numerous radio stations, delivering diverse content such as music, news, and talk programming to listeners. Its main products and services involve generating revenue through the sale of advertising time to businesses and organizations seeking to reach specific geographic and demographic audiences through its radio platforms.
In addition to its traditional radio operations, Beasley Broadcast Group has diversified its business into the competitive gaming sector. The company operates the Houston Outlaws, a professional esports team that competes within the popular Overwatch League. This strategic venture allows BBGI to tap into the growing esports market, serving a younger, digitally-native audience and generating revenue through sponsorships, media rights, and fan engagement related to competitive gaming.
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Nexstar Media Group (NXST) for radio stations.
Gannett (GCI) for local radio, with a professional esports team.
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- Radio Broadcasting Services: Beasley Broadcast Group owns and operates a portfolio of radio stations, providing entertainment, news, and advertising platforms.
- Esports Team Operation: The company operates the Houston Outlaws, an esports team competing in the Overwatch League.
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Beasley Broadcast Group, Inc. (BBGI) primarily generates revenue by selling advertising and sponsorship opportunities across its radio stations and its esports team, the Houston Outlaws. Therefore, its major customers are other companies rather than individuals.
Specific names of Beasley Broadcast Group's major customer companies are proprietary and not typically disclosed publicly. However, their customers generally fall into the following categories of businesses:
- Advertisers: A wide range of local, regional, and national businesses that purchase airtime on Beasley's radio stations or advertising placements related to its esports properties. These businesses seek to promote their products, services, and brands to Beasley's audience. Examples of industries include automotive, retail, healthcare, financial services, restaurants, entertainment, telecommunications, and consumer packaged goods.
- Sponsors: Companies that enter into sponsorship agreements for specific radio programs, events, podcasts, or directly with the Houston Outlaws esports team. These sponsors aim for brand integration, visibility, and association with Beasley's content and audience.
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Major Suppliers of Beasley Broadcast Group, Inc. (BBGI):
- Activision Blizzard, Inc. (ATVI)
- ASCAP
- Associated Press
- BMI
- SESAC
- Thomson Reuters Corporation (TRI)
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Caroline Beasley Chief Executive Officer and Chair of the Board of Directors
Caroline Beasley was appointed Chief Executive Officer of Beasley Broadcast Group, Inc. on January 1, 2017, having previously served as interim CEO from March to December 2016. She joined the company in 1983 and served as Executive Vice President, Chief Financial Officer, Treasurer, and Secretary starting in 1994. As the daughter of company founder George Beasley, she grew up in the family business. Ms. Beasley has been recognized as a prominent figure in the broadcasting industry, including serving as Chair of the BMI Board of Directors and Joint Board Chair of the National Association of Broadcasters (NAB) Board. Under her leadership, Beasley Media Group acquired Greater Media for $240 million in 2016.
Lauren Burrows Coleman Chief Financial Officer
Lauren Burrows Coleman was appointed Chief Financial Officer of Beasley Broadcast Group, Inc., effective November 1, 2024. Prior to joining Beasley, she was the Global Head of Strategic Corporate and Commercial Finance at Wayfair (NYSE: W), where she led a global team responsible for Financial Planning & Analysis, Commercial Finance, Capital Markets, Corporate Development, and Global Tax functions. Her career also includes leadership roles at WindSail Capital Group and Wind Point Partners, both private equity firms, and GE Capital, where she managed equity and debt investments across various industries, indicating a pattern of involvement with private equity-backed companies. Ms. Burrows Coleman began her career as an investment banker in the Communications & Media group at Lehman Brothers. She holds an MBA from Harvard Business School and an A.B. cum laude from Dartmouth College.
Bruce G. Beasley President and Vice Chair
Bruce G. Beasley has served as President of Beasley Broadcast Group, Inc. since 1997 and as a Director since 1980, being named Vice Chair in 2024. He commenced his career in the broadcasting industry with the company in 1975 and has held various positions, including General Sales Manager, General Manager of a major market radio station, and Vice President of Operations. Mr. Beasley is a past member of the Board of Directors of the Radio Advertising Bureau. He earned a B.S. degree from East Carolina University.
Brian E. Beasley Executive Vice President & Chief Operating Officer
Brian E. Beasley was appointed Chief Operating Officer of Beasley Broadcast Group, Inc. on January 1, 2017. He previously served as Vice President of Operations from 1997 to 2016 and has been a Director of the company since 1982. Mr. Beasley brings 40 years of media experience to his role. He serves on the Board of Directors of the Radio Advertising Bureau and is a past member of the North Carolina Association of Broadcasters Board of Directors. He earned a B.S. degree from East Carolina University.
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Key Risks to Beasley Broadcast Group (BBGI)
- Declining Traditional Radio Advertising Revenue and Challenges in Digital Transformation: Beasley Broadcast Group faces a significant risk from the ongoing decline in traditional radio advertising revenue. The company's traditional business is contracting, leading to decreased net revenue and operating losses. While Beasley is actively pivoting to digital, the success and speed of this digital transformation are critical to outrun the decline in its core business. The entire radio industry is contending for ad dollars against digital behemoths and adapting to shifting listener habits towards on-demand audio and streaming services.
- High Debt Levels and Financial Pressure: The company carries a substantial amount of debt, which creates significant financial pressure. Interest payments are not well covered by earnings, and the company has reported net losses. This high debt burden can limit Beasley's operational flexibility and ability to invest in necessary strategic initiatives for growth and transformation.
- Intense Competition and Audience Fragmentation: Beasley Broadcast Group operates within a highly competitive media landscape. The proliferation of digital media, streaming services (like Spotify), and podcasts has led to significant audience fragmentation, challenging radio's ability to attract and retain listeners. This intense competition for audience attention directly impacts the company's ability to secure advertising revenue against a wide array of media platforms.
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- The accelerating and increasingly ubiquitous shift of audio consumption from traditional terrestrial radio to digital streaming platforms (e.g., Spotify, Apple Music, Pandora) and podcasts, which offer on-demand, personalized, and often ad-free or more targeted content. This trend directly erodes traditional radio's listener base and advertising revenue, analogous to how Netflix threatened Blockbuster.
- The potential decline in popularity and financial viability of specific esports leagues, such as the Overwatch League, which could significantly devalue or eliminate the profitability of their associated team asset (Houston Outlaws). Reports indicate the Overwatch League has faced challenges including declining viewership and teams being offered buyouts to exit the league.
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Beasley Broadcast Group, Inc. (BBGI) is focusing on several key areas to drive future revenue growth over the next 2-3 years, as highlighted in recent earnings releases and company commentary:
- Digital Revenue Acceleration: Beasley Broadcast Group is heavily prioritizing the expansion of its digital footprint and the scaling of high-margin digital products. The company has consistently reported strong year-over-year growth in digital revenue, with digital accounting for a growing percentage of total net revenue. This includes the expansion of owned and operated (O&O) digital products and increased advertiser adoption.
- Political Advertising Revenue: While cyclical, political advertising represents a significant revenue driver for Beasley Broadcast Group during election periods. Recent financial results have shown substantial contributions from political advertising, which provides considerable spikes in revenue during these times.
- Growth in Local Direct Sales and Integrated Digital Packages: The company is strategically shifting towards direct, data-driven sales relationships and enhancing its local revenue streams by integrating digital advertising packages with traditional radio offerings. Local revenue, including digital packages sold locally, consistently accounts for a substantial portion of net revenue.
- Expansion of "Audio Plus" Offerings and Content Innovation: Beasley Broadcast Group is exploring new revenue streams through initiatives like "Audio Plus" which has shown significant growth. Furthermore, the company is innovating with content and formats, such as launching bilingual music formats and nationally syndicated radio shows, to attract new audiences and diversify revenue sources.
- Strategic Reallocation of Resources: Beasley is actively streamlining its portfolio through strategic asset sales, such as divesting certain radio stations and its esports operations, to reallocate investments towards higher-growth digital opportunities and strengthen its balance sheet. This focus on optimizing resource allocation is expected to fuel future revenue growth in more promising digital ventures.
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Share Repurchases
- Beasley Broadcast Group, Inc. announced an authorization by its Board of Directors to repurchase up to $1,000,000 in value of its common stock. These repurchases will occur periodically through open market or private transactions.
Share Issuance
- On September 24, 2024, Beasley Broadcast Group, Inc. completed a 1-for-20 reverse stock split of its Class A Common Stock and Class B Common Stock to regain compliance with Nasdaq's minimum bid price requirement.
Outbound Investments
- Beasley Broadcast Group, Inc. completed the sale of WPBB-FM in Tampa for $8.0 million on September 29, 2025.
- The company has also entered into agreements for the sale of its Fort Myers market assets, which are pending FCC approval.
Capital Expenditures
- In the last 12 months (prior to March 2026), capital expenditures totaled approximately $3.98 million.
- Capital expenditures in the third quarter of 2025 amounted to approximately $2.2 million, primarily focused on the Charlotte engineering and studio consolidation project.
- The company continues to make strategic investments in digital, content, and technology to support long-term growth and digital transformation initiatives.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Beasley Broadcast Earnings Notes | 12/16/2025 | |
| Beasley Broadcast Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 6.31 |
| Mkt Cap | 0.1 |
| Rev LTM | 360 |
| Op Inc LTM | 11 |
| FCF LTM | 1 |
| FCF 3Y Avg | 19 |
| CFO LTM | 24 |
| CFO 3Y Avg | 37 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -6.8% |
| Rev Chg 3Y Avg | -3.0% |
| Rev Chg Q | -5.6% |
| QoQ Delta Rev Chg LTM | -1.3% |
| Op Inc Chg LTM | -14.2% |
| Op Inc Chg 3Y Avg | -14.5% |
| Op Mgn LTM | 5.5% |
| Op Mgn 3Y Avg | 6.2% |
| QoQ Delta Op Mgn LTM | -0.8% |
| CFO/Rev LTM | 4.3% |
| CFO/Rev 3Y Avg | 8.6% |
| FCF/Rev LTM | 1.3% |
| FCF/Rev 3Y Avg | 4.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Audio | 156 | 194 | 199 | 213 | 206 |
| Digital | 49 | 47 | 45 | 41 | 33 |
| Corporate | 0 | 0 | 0 | 0 | |
| Other | 2 | 3 | 2 | ||
| Total | 206 | 240 | 247 | 256 | 241 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Digital | 12 | 4 | 4 | 4 | 0 |
| Corporate | -15 | -18 | -19 | -19 | -16 |
| Audio | -227 | 27 | -71 | -1 | 35 |
| Other | 4 | -18 | -4 | ||
| Total | -230 | 13 | -82 | -34 | 15 |
| $ Mil | 2024 | 2002 | 1999 |
|---|---|---|---|
| Audio | 438 | ||
| Accounts receivable | 52 | ||
| Operating lease right-of-use assets | 33 | ||
| Cash and cash equivalents | 14 | ||
| Other assets | 5 | ||
| Prepaid expenses | 3 | ||
| Corporate | 3 | 9 | |
| Other current assets | 1 | ||
| Digital | 0 | ||
| Radio Group Three | 69 | ||
| Radio Group Two | 104 | 88 | |
| Radio Group One | 98 | ||
| Total | 549 | 182 | 186 |
Price Behavior
| Market Price | $20.52 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 02/11/2000 | |
| Distance from 52W High | -22.6% | |
| 50 Days | 200 Days | |
| DMA Price | $19.54 | $9.81 |
| DMA Trend | up | up |
| Distance from DMA | 5.0% | 109.2% |
| 3M | 1YR | |
| Volatility | 120.2% | 360.7% |
| Downside Capture | -17.57 | 183.20 |
| Upside Capture | -42.34 | 340.94 |
| Correlation (SPY) | -13.7% | 13.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -2.57 | -2.02 | 4.81 | 3.78 | 3.72 | 0.81 |
| Up Beta | -2.75 | -2.88 | 10.01 | 8.46 | 7.07 | 1.30 |
| Down Beta | -0.65 | -2.41 | -3.24 | -1.34 | -0.52 | -0.37 |
| Up Capture | -2% | -70% | 1717% | 1390% | 1488% | 36% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 13 | 23 | 35 | 61 | 121 | 353 |
| Down Capture | -835% | -296% | -87% | 133% | 146% | 89% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 8 | 18 | 28 | 63 | 124 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BBGI | |
|---|---|---|---|---|
| BBGI | 379.5% | 360.0% | 1.27 | - |
| Sector ETF (XLC) | -1.0% | 14.4% | -0.29 | 8.6% |
| Equity (SPY) | 17.6% | 12.7% | 1.00 | 12.8% |
| Gold (GLD) | 19.2% | 28.1% | 0.61 | 4.1% |
| Commodities (DBC) | 34.7% | 19.1% | 1.42 | -4.1% |
| Real Estate (VNQ) | 13.8% | 14.1% | 0.69 | 9.7% |
| Bitcoin (BTCUSD) | -46.2% | 42.9% | -1.32 | 2.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BBGI | |
|---|---|---|---|---|
| BBGI | -17.2% | 170.6% | 0.31 | - |
| Sector ETF (XLC) | 6.7% | 20.8% | 0.24 | 5.5% |
| Equity (SPY) | 12.8% | 17.1% | 0.58 | 7.2% |
| Gold (GLD) | 17.0% | 18.4% | 0.75 | 3.5% |
| Commodities (DBC) | 9.6% | 19.5% | 0.38 | 0.2% |
| Real Estate (VNQ) | 3.0% | 18.9% | 0.06 | 5.9% |
| Bitcoin (BTCUSD) | 15.3% | 53.4% | 0.47 | 1.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BBGI | |
|---|---|---|---|---|
| BBGI | -12.7% | 132.8% | 0.27 | - |
| Sector ETF (XLC) | 8.7% | 22.2% | 0.44 | 9.0% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 11.5% |
| Gold (GLD) | 11.3% | 16.1% | 0.57 | 3.3% |
| Commodities (DBC) | 7.2% | 17.9% | 0.32 | 3.0% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 10.1% |
| Bitcoin (BTCUSD) | 58.1% | 66.2% | 0.98 | 1.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 7/23/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/13/2026 | 6.5% | -12.5% | 49.2% |
| 11/10/2025 | -16.8% | -26.3% | 207.4% |
| 8/12/2025 | 2.4% | 0.4% | 11.8% |
| 5/7/2025 | -3.8% | 1.1% | -17.6% |
| 3/20/2025 | -4.6% | -3.8% | -9.2% |
| 8/12/2024 | 9.4% | 13.2% | -12.1% |
| 5/8/2024 | -3.4% | 0.1% | -8.7% |
| 2/12/2024 | 5.5% | 6.7% | -3.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 13 | 8 |
| # Negative | 11 | 9 | 14 |
| Median Positive | 3.3% | 5.6% | 8.7% |
| Median Negative | -3.4% | -6.3% | -10.7% |
| Max Positive | 9.4% | 14.3% | 207.4% |
| Max Negative | -16.8% | -26.3% | -23.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/13/2026 | 6.5% | -12.5% | 49.2% |
| 11/10/2025 | -16.8% | -26.3% | 207.4% |
| 8/12/2025 | 2.4% | 0.4% | 11.8% |
| 5/7/2025 | -3.8% | 1.1% | -17.6% |
| 3/20/2025 | -4.6% | -3.8% | -9.2% |
| 8/12/2024 | 9.4% | 13.2% | -12.1% |
| 5/8/2024 | -3.4% | 0.1% | -8.7% |
| 2/12/2024 | 5.5% | 6.7% | -3.7% |
| 11/1/2023 | -0.1% | 4.7% | 2.1% |
| 8/3/2023 | 3.1% | 14.3% | -1.0% |
| 4/26/2023 | -2.9% | 0.0% | 5.1% |
| 2/16/2023 | 2.5% | -12.5% | -18.3% |
| 11/7/2022 | -2.0% | -1.4% | -8.3% |
| 8/1/2022 | -3.5% | -4.3% | -14.2% |
| 5/9/2022 | -8.2% | -6.3% | -3.8% |
| 2/8/2022 | 3.9% | 9.4% | -1.1% |
| 11/2/2021 | 3.0% | 1.3% | -14.7% |
| 8/5/2021 | 6.9% | 5.6% | 4.0% |
| 5/4/2021 | 3.3% | 10.0% | 19.2% |
| 2/10/2021 | -1.9% | 8.5% | 5.6% |
| 11/3/2020 | -2.4% | -15.9% | -12.4% |
| 8/4/2020 | 0.0% | -4.9% | -23.6% |
| SUMMARY STATS | |||
| # Positive | 11 | 13 | 8 |
| # Negative | 11 | 9 | 14 |
| Median Positive | 3.3% | 5.6% | 8.7% |
| Median Negative | -3.4% | -6.3% | -10.7% |
| Max Positive | 9.4% | 14.3% | 207.4% |
| Max Negative | -16.8% | -26.3% | -23.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 04/08/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/26/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 03/27/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 04/08/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/26/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 03/27/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/19/2021 | 10-K |
| 09/30/2020 | 11/12/2020 | 10-Q |
| 06/30/2020 | 08/11/2020 | 10-Q |
| 03/31/2020 | 06/30/2020 | 10-Q |
| 12/31/2019 | 02/21/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
| 06/30/2019 | 08/07/2019 | 10-Q |
Industry Resources
| Communication Services Resources |
| Variety |
| The Hollywood Reporter |
| Adweek |
| Broadcasting Resources |
| Broadcasting & Cable |
| TV Technology |
| Radio Ink |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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