Beasley Broadcast Group Inc (OQ:BBGI)
Business Focus: Radio Broadcasting
| Sector: Consumer Cyclicals | Industry: Broadcasting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | SUITE 200, 3033 RIVIERA DRIVE NAPLES FL 34103 |
| Tel: | N/A |
| Website: | https://bbgi.com |
| IR: | See website |
| Key People | ||
| Caroline Beasley Chairman of the Board, Chief Executive Officer | Bruce G. Beasley President, Director | Marie Tedesco Chief Financial Officer |
| Brian E. Beasley Chief Operating Officer, Director | Chris Ornelas General Counsel, Secretary | |
| Business Overview |
| Beasley Broadcast Group, Inc. is a multi-platform media company. The Company's primary business is operating radio stations throughout the United States. It offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company's segments include Audio and Digital. The Company owns and operates radio stations in various radio markets, including Atlanta, Augusta, Boston, Charlotte, Detroit, Fayetteville, Fort Myers-Naples, Las Vegas, Middlesex, Monmouth, Morristown, Philadelphia, and Tampa-Saint Petersburg. The Company owns approximately 59 amplitude modulation (AM) and frequency modulation (FM) stations in 13 large- and mid-size markets in the United States. Its subsidiaries include Beasley Mezzanine Holdings, LLC, Beasley Media Group, LLC, Beasley Media Group Licenses, LLC and OutlawsXP, Inc. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Beasley Broadcast Group Inc revenues decreased 4% to $247.1M. Net loss increased 79% to $75.1M. Revenues reflect Audio segment decrease of 6% to $199.5M, Other segment decrease of 15% to $2.2M. Higher net loss reflects Audio segment loss increase from $1.5M to $70.9M, Corporate segment loss increase of 2% to $19.1M. |
| Employees: | 755 as of Feb 6, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $259.67M as of Dec 31, 2023 |
| Annual revenue (TTM): | $247.11M as of Dec 31, 2023 |
| EBITDA (TTM): | $20.62M as of Dec 31, 2023 |
| Net annual income (TTM): | -$75.12M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$8.87M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $237.47M as of Dec 31, 2023 |
| Shares outstanding: | 30,329,051 as of Feb 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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