Beasley Broadcast Group, a multi-platform media company, released its operating results for Q4 and FY 2024. In Q4 2024, net revenue increased by 2.3% to $67.3 million, driven by political advertising revenue. Operating income remained steady at $7.6 million. However, there was a net loss of $2.1 million, primarily due to one-time costs related to financial initiatives. EBITDA per Indenture was $12.5 million, reflecting strategic cost management.
FY 2024 saw new business revenue rise by 8.8%, with digital revenue accounting for 19.4% of net revenue. The company focused on expense reductions and digital growth, positioning itself for long-term success.
Looking ahead, Beasley plans to drive sustainable growth, enhance digital offerings, and optimize sales strategies. With a lean cost structure and a focus on digital evolution, Beasley aims to deliver value for shareholders and partners.
Beasley will host a conference call today to discuss these financial results. The company operates radio stations across the US and focuses on integrated marketing solutions. For more information, visit their website.
