Beasley Broadcasting Group
BBGI

$0.5970

1.48%

Market Cap: $18.3M

About: Beasley Broadcast Group Inc is a multi-platform media company, whose primary business is operating radio stations throughout the United States. The Company offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company owns and operates stations in the following markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, and Wilmington, DE. The Company currently operates three operating segments Audio, Digital and esports.

Employees: 1,127

Communication Services Radio Broadcasting Stations

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

300% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 1

11% more funds holding

Funds holding: 27 [Q1] → 30 (+3) [Q2]

0.12% less ownership

Funds ownership: 21.38% [Q1] → 21.26% (-0.12%) [Q2]

16% less capital invested

Capital invested by funds: $2.28M [Q1] → $1.91M (-$364K) [Q2]

25% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 8

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Research analyst outlook

We haven’t received any recent analyst ratings for BBGI.

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Financial journalist opinion

Based on 4 articles about BBGI published over the past 30 days

Beasley Broadcast Group Launches Exchange Offer, New Notes Offer, Tender Offer and Consent Solicitations Relating to Existing Notes

NAPLES, Fla., Sept. 06, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (the “Company”), a multi-platform media company, today announced that its wholly owned subsidiary, Beasley Mezzanine Holdings, LLC (the “Issuer”), has commenced an exchange offer (the “Exchange Offer”) pursuant to which holders (the “Existing Noteholders”) may exchange their outstanding 8.625% Senior Secured Notes due 2026 (the “Existing Notes”) into: (i) newly issued 9.200% Senior Secured Notes due August 1, 2028 (the “Exchange Notes”) at an exchange ratio of 95.0% of the aggregate principal amount (or $950 per $1,000 of principal amount) of the Existing Notes tendered for exchange; (ii) a pro rata share of 3,588,495 shares of Class A common stock of the Company (the “Exchange Shares”), based upon pro rata ownership of the Exchange Notes issued by the Issuer, pursuant to the terms and conditions described in the Exchange Offer Memorandum and Consent Solicitation Statement, dated September 5, 2024 (the “Exchange Offering Memorandum”) and (iii) a consent fee of $5.00, in each case per $1,000 principal amount of Existing Notes tendered (together with the Exchange Notes and Exchange Shares, the “Exchange Consideration”). A holder of approximately 73% of the Existing Notes has entered into a transaction support agreement to support the Exchange Offer, subject to certain customary conditions, including a minimum participation condition (the “TSA Minimum Participation Condition”) requiring 100% of Existing Noteholders to participate in the Exchange Offer or Tender Offer (as described below).

Beasley Broadcast Group Launches Exchange Offer, New Notes Offer, Tender Offer and Consent Solicitations Relating to Existing Notes

Beasley Broadcast Group, Inc. (BBGI) Q2 2024 Earnings Call Transcript

Beasley Broadcast Group, Inc. (NASDAQ:BBGI ) Q2 2024 Earnings Conference Call August 12, 2024 11:00 AM ET Company Participants Caroline Beasley - CEO Marie Tedesco - CFO Operator Good morning, and welcome to Beasley Broadcast Group's Second Quarter 2024 Earnings Call. Before proceeding, I would like to emphasize that today's conference call and webcast will contain forward-looking statements about our future performance and results of operations that involve risks and uncertainties described in the Risk Factors section of our most recent Annual Report on Form 10-K as supplemented by our quarterly reports on Form 10-Q.

Beasley Broadcast Group, Inc. (BBGI) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Beasley Broadcast Group (BBGI) Reports Q2 Loss, Misses Revenue Estimates

Beasley Broadcast Group (BBGI) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.08 per share a year ago.

Beasley Broadcast Group (BBGI) Reports Q2 Loss, Misses Revenue Estimates

Beasley Broadcast Group Reports Second Quarter Revenue of $60.4 Million

Second Quarter Digital Revenue Grew 5.7% Year-over-year, and 10.4% on a Same Station Basis Net Loss Decreased by $10.2 Million and Adjusted EBITDA Grew 11.4% to $8.8 Million Conference Call and Webcast Today, August 12, 2024 at 11:00 a.m. ET 877-407-4018 or 201-689-8471, conference ID 13747961 or www.bbgi.com Replay information provided below NAPLES, Fla.

Beasley Broadcast Group Reports Second Quarter Revenue of $60.4 Million

Beasley Broadcast Group to Report 2024 Second Quarter Financial Results, Host Conference Call and Webcast on August 12

NAPLES, Fla., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it will report its 2024 second quarter financial results before the market opens on Monday, August 12, 2024. The Company will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.

Beasley Broadcast Group to Report 2024 Second Quarter Financial Results, Host Conference Call and Webcast on August 12

Zacks Investment Research

What Makes Beasley (BBGI) a New Buy Stock

Beasley (BBGI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Beasley (BBGI) a New Buy Stock

Beasley Broadcast Group, Inc. (BBGI) Q1 2024 Earnings Call Transcript

Beasley Broadcast Group, Inc. (NASDAQ:BBGI ) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Caroline Beasley - CEO Marie Tedesco - CFO Conference Call Participants Operator Good morning, and welcome to Beasley Broadcast Group First Quarter 2024 Earnings Call. Before proceeding, I would like to emphasize that today's conference call and webcast will contain forward-looking statements about our future performance and results of operations that involve risks and uncertainties described in the Risk Factors section of our most recent annual report on Form 10-K as supplemented by our quarterly reports on Form 10-Q.

Beasley Broadcast Group, Inc. (BBGI) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Beasley Broadcast Group (BBGI) Reports Break-Even Earnings for Q1

Beasley Broadcast Group (BBGI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.12 per share a year ago.

Beasley Broadcast Group (BBGI) Reports Break-Even Earnings for Q1

Beasley Broadcast Group Reports First Quarter Revenue of $54.4 Million

NAPLES, Fla., May 08, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three-month period ended March 31, 2024. For further information, the Company has posted a presentation to its website regarding the first quarter highlights and accomplishments that management will review on today's conference call.

Beasley Broadcast Group Reports First Quarter Revenue of $54.4 Million

Beasley Broadcast Group to Report 2024 First Quarter Financial Results, Host Conference Call and Webcast on May 8

NAPLES, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- May 1, 2024 – Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, announced today that it will report its 2024 first quarter financial results before the market opens on Wednesday, May 8, 2024. The Company will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.

Beasley Broadcast Group to Report 2024 First Quarter Financial Results, Host Conference Call and Webcast on May 8

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