Beasley Broadcast (BBGI)
Market Price (11/6/2026): $5.59 | Market Cap: $11.5 MilSector: Communication Services | Industry: Broadcasting
Beasley Broadcast (BBGI)
Market Price (11/6/2026): $5.59Market Cap: $11.5 MilSector: Communication ServicesIndustry: Broadcasting
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -78% 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 returns2Y Excs Rtn is -90%, 3Y Excs Rtn is -150% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -9.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4.8% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1680% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -16%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.3%, Rev Chg QQuarterly Revenue Change % is -17% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -15% 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 -1055% High stock price volatilityVol 12M is 360% 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. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -78% |
| 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 returns2Y Excs Rtn is -90%, 3Y Excs Rtn is -150% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -9.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4.8% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1680% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -16%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.3%, Rev Chg QQuarterly Revenue Change % is -17% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -15% |
| 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 -1055% |
| High stock price volatilityVol 12M is 360% |
| 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 lost about 75% since 7/31/2026 because of the following key factors:
1. Underlying operational revenue decline despite one-time gain.
Beasley Broadcast Group's fiscal Q2 2026 earnings, reported on August 12, 2026, showed a significant diluted earnings per share (EPS) of $45.95, which largely beat analyst estimates. However, this beat was primarily driven by a substantial, non-recurring $91.8 million gain on debt restructure. When excluding this one-time event, the company's revenue for fiscal Q2 2026 was $44.13 million, representing a 16.7% decrease compared to $53.00 million in fiscal Q2 2025. This indicates a weakening core business performance not reflected in the headline EPS figure, misleading investors about the company's true financial health. The company also reported a trailing 12-month net income of -$106.2 million ending June 30, 2026, underscoring persistent operational losses.
2. Dilutive capital raise.
On September 29, 2026, Beasley Broadcast Group announced the pricing of a $5.0 million registered direct offering and a concurrent private placement. This action, taken to secure additional capital, typically dilutes the ownership stake of existing shareholders, leading to a decrease in the per-share value of the stock. Such offerings can signal to the market that the company requires immediate funding, often implying financial strain and contributing to negative investor sentiment and a downward pressure on the stock price.
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Beasley Broadcast (BBGI) stock has lost about 75% since 7/31/2026 because of the following key factors:
1. Underlying operational revenue decline despite one-time gain.
Beasley Broadcast Group's fiscal Q2 2026 earnings, reported on August 12, 2026, showed a significant diluted earnings per share (EPS) of $45.95, which largely beat analyst estimates. However, this beat was primarily driven by a substantial, non-recurring $91.8 million gain on debt restructure. When excluding this one-time event, the company's revenue for fiscal Q2 2026 was $44.13 million, representing a 16.7% decrease compared to $53.00 million in fiscal Q2 2025. This indicates a weakening core business performance not reflected in the headline EPS figure, misleading investors about the company's true financial health. The company also reported a trailing 12-month net income of -$106.2 million ending June 30, 2026, underscoring persistent operational losses.
2. Dilutive capital raise.
On September 29, 2026, Beasley Broadcast Group announced the pricing of a $5.0 million registered direct offering and a concurrent private placement. This action, taken to secure additional capital, typically dilutes the ownership stake of existing shareholders, leading to a decrease in the per-share value of the stock. Such offerings can signal to the market that the company requires immediate funding, often implying financial strain and contributing to negative investor sentiment and a downward pressure on the stock price.
3. Persistent declines in traditional advertising and weak operational outlook.
Beasley Broadcast Group continues to face significant pressure on its traditional advertising segments. In fiscal Q1 2026, the company's station operating income plunged by 88.7% to $418,000. While the company has reported growth in digital revenue (up 18% year-over-year in fiscal Q1 2026, comprising 25.6% of total revenue), this growth has not been sufficient to offset the declines in its core broadcast business. Analysts anticipate continued operational losses, with an estimated EPS of -$0.45 and revenue of $42.70 million for fiscal Q3 2026, further indicating a challenging operational environment.
4. Broader industry shift away from core radio advertising.
The overall radio advertising market is experiencing a significant shift, with core radio ad revenue declining by approximately 2.2% annually since 2022. Although the total radio advertising market is projected to grow to $29.09 billion in 2026, this growth is largely driven by increasing adoption of digital and streaming audio ads, podcast advertising, and targeted audio ads. Companies that fail to rapidly adapt and adequately monetize these digital avenues while traditional segments decline face substantial headwinds, negatively impacting their financial performance and investor confidence.
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Stock Movement Drivers
Fundamental Drivers
The -73.3% change in BBGI stock from 7/31/2026 to 11/5/2026 was primarily driven by a -71.9% change in the company's P/S Multiple.| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.89 | 5.58 | -73.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 200 | 191 | -4.4% |
| P/S Multiple | 0.2 | 0.1 | -71.9% |
| Shares Outstanding (Mil) | 2 | 2 | -0.4% |
| Cumulative Contribution | -73.3% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| BBGI | -73.3% | |
| Market (SPY) | -1.9% | 25.4% |
| Sector (XLC) | -3.6% | 26.3% |
Fundamental Drivers
The -74.9% change in BBGI stock from 4/30/2026 to 11/5/2026 was primarily driven by a -72.8% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.25 | 5.58 | -74.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 206 | 191 | -7.4% |
| P/S Multiple | 0.2 | 0.1 | -72.8% |
| Shares Outstanding (Mil) | 2 | 2 | -0.5% |
| Cumulative Contribution | -74.9% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| BBGI | -74.9% | |
| Market (SPY) | 2.3% | 5.5% |
| Sector (XLC) | -10.2% | 1.3% |
Fundamental Drivers
The 9.8% change in BBGI stock from 10/31/2025 to 11/5/2026 was primarily driven by a 32.4% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.08 | 5.58 | 9.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 227 | 191 | -16.1% |
| P/S Multiple | 0.0 | 0.1 | 32.4% |
| Shares Outstanding (Mil) | 2 | 2 | -1.1% |
| Cumulative Contribution | 9.8% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| BBGI | 9.8% | |
| Market (SPY) | 8.4% | 14.2% |
| Sector (XLC) | -8.3% | 9.3% |
Fundamental Drivers
The -66.3% change in BBGI stock from 10/31/2023 to 11/5/2026 was primarily driven by a -44.9% change in the company's P/S Multiple.| (LTM values as of) | 10312023 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.58 | 5.58 | -66.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 257 | 191 | -25.8% |
| P/S Multiple | 0.1 | 0.1 | -44.9% |
| Shares Outstanding (Mil) | 1 | 2 | -17.7% |
| Cumulative Contribution | -66.3% |
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| BBGI | -66.3% | |
| Market (SPY) | 81.3% | 7.0% |
| Sector (XLC) | 66.3% | 5.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BBGI Return | 28% | -52% | -5% | -46% | -47% | 11% | -81% |
| Peers Return | 44% | -25% | -1% | -36% | 13% | -49% | -60% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| BBGI Win Rate | 42% | 0% | 33% | 42% | 42% | 18% | |
| Peers Win Rate | 58% | 40% | 48% | 42% | 44% | 30% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| BBGI Max Drawdown | -43% | -56% | -49% | -58% | -71% | -79% | |
| Peers Max Drawdown | -40% | -50% | -47% | -54% | -43% | -64% | |
| 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 11/5/2026 (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.
Preserve Wealth
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Asset Allocation
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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.
Peer Outperformance in Broadcasting
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Wireless Telecommunication Services | 3 | -13.4% | 14.6% | 37.7% | ECHO 244% · TMUS 38% |
| Publishing | 5 | 15.2% | 4.2% | 5.9% | NYT 38% · NWSA 14% |
| Integrated Telecommunication Services | 21 | -19.9% | 12.8% | -27.7% | GSAT 233% · AD 112% · TDS 91% |
| Movies & Entertainment | 23 | 17.2% | 47.3% | -31.2% | IMAX 132% · FWONA 91% · CNK 85% |
| Broadcasting ← | 14 | -9.8% | -22.3% | -70.7% | FOXA 74% · NXST 33% · SIRI -38% |
| Interactive Media & Services | 33 | -34.8% | -40.3% | -71.8% | GOOGL 92% · META 79% · CARG -1% |
| Interactive Home Entertainment | 8 | -46.0% | -65.7% | -72.9% | TTWO 14% · RBLX -39% · PINS -57% |
| Alternative Carriers | 4 | -39.8% | 13.7% | -73.0% | IRDM 5% · LUMN -69% |
| Advertising | 18 | -34.2% | -11.3% | -74.2% | APP 262% · OMC 51% · MGNI 21% |
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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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 4.16 |
| Mkt Cap | 0.0 |
| Rev LTM | 354 |
| Op Inc LTM | 6 |
| FCF LTM | -1 |
| FCF 3Y Avg | 8 |
| CFO LTM | 11 |
| CFO 3Y Avg | 26 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -7.2% |
| Rev Chg 3Y Avg | -3.1% |
| Rev Chg Q | -6.4% |
| QoQ Delta Rev Chg LTM | -1.6% |
| Op Inc Chg LTM | -18.2% |
| Op Inc Chg 3Y Avg | -9.9% |
| Op Mgn LTM | 5.4% |
| Op Mgn 3Y Avg | 4.8% |
| QoQ Delta Op Mgn LTM | -1.0% |
| CFO/Rev LTM | 3.0% |
| CFO/Rev 3Y Avg | 6.3% |
| FCF/Rev LTM | -0.2% |
| FCF/Rev 3Y Avg | 2.1% |
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 | 2023 | 2002 | 1999 |
|---|---|---|---|---|
| Audio | 438 | 443 | ||
| Accounts receivable | 52 | 53 | ||
| Operating lease right-of-use assets | 33 | 35 | ||
| Cash and cash equivalents | 14 | 27 | ||
| Other assets | 5 | 5 | ||
| Prepaid expenses | 3 | 4 | ||
| Corporate | 3 | 3 | 9 | |
| Other current assets | 1 | 2 | ||
| Digital | 0 | 2 | ||
| Other | 0 | |||
| Radio Group Three | 69 | |||
| Radio Group Two | 104 | 88 | ||
| Radio Group One | 98 | |||
| Total | 549 | 574 | 182 | 186 |
Price Behavior
| Market Price | $5.58 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 02/11/2000 | |
| Distance from 52W High | -79.0% | |
| 50 Days | 200 Days | |
| DMA Price | $12.44 | $13.97 |
| DMA Trend | down | up |
| Distance from DMA | -55.2% | -60.1% |
| 3M | 1YR | |
| Volatility | 77.7% | 360.0% |
| Downside Capture | 547.41 | 360.73 |
| Upside Capture | -221.82 | 334.40 |
| Correlation (S&P 500) | 6.4% | 14.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.50 | -0.24 | 1.97 | 0.16 | 4.07 | 0.97 |
| Up Beta | 0.31 | 0.22 | 7.79 | 1.79 | 7.41 | 1.52 |
| Down Beta | -2.48 | -1.04 | -1.34 | -2.19 | -1.47 | -0.41 |
| Up Capture | -507% | -310% | -133% | -67% | 1027% | 26% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 6 | 12 | 19 | 52 | 105 | 342 |
| Down Capture | 436% | 392% | 385% | 180% | 177% | 105% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 16 | 31 | 45 | 74 | 143 | 391 |
[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 | 12.6% | 360.0% | 0.86 | - |
| Sector ETF (XLC) | -6.7% | 16.6% | -0.60 | 9.3% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 14.3% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | 3.8% |
| Commodities (DBC) | 37.7% | 21.2% | 1.40 | -6.1% |
| Real Estate (VNQ) | 12.0% | 14.2% | 0.55 | 9.2% |
| Bitcoin (BTCUSD) | -20.8% | 43.3% | -0.42 | 1.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BBGI | |
|---|---|---|---|---|
| BBGI | -35.3% | 171.8% | 0.17 | - |
| Sector ETF (XLC) | 6.5% | 21.1% | 0.22 | 6.0% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 7.8% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 3.0% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | -1.1% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 5.8% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | 1.5% |
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 | -24.2% | 133.4% | 0.17 | - |
| Sector ETF (XLC) | 8.5% | 22.1% | 0.42 | 9.4% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 12.0% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | 2.9% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 2.4% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 10.1% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | 2.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/30/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | 13.7% | -7.1% | -26.6% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 13 | 8 |
| # Negative | 11 | 9 | 14 |
| Median Positive | 3.9% | 5.6% | 8.7% |
| Median Negative | -3.4% | -7.1% | -10.7% |
| Max Positive | 13.7% | 14.3% | 207.4% |
| Max Negative | -16.8% | -26.3% | -26.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | 13.7% | -7.1% | -26.6% |
| 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% |
| SUMMARY STATS | |||
| # Positive | 11 | 13 | 8 |
| # Negative | 11 | 9 | 14 |
| Median Positive | 3.9% | 5.6% | 8.7% |
| Median Negative | -3.4% | -7.1% | -10.7% |
| Max Positive | 13.7% | 14.3% | 207.4% |
| Max Negative | -16.8% | -26.3% | -26.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 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 |
Beasley Broadcast — Investor Video Playlist
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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