Beasley Broadcast Group, a multi-platform media company, reported operating results for the fourth quarter and fiscal year ended December 31, 2024. Highlights include a 2.3% increase in net revenue to $67.3 million in Q4, driven by $8.3 million from political advertising. Operating income remained steady at $7.6 million, showcasing success in operational initiatives.
Despite a net loss of $2.1 million in Q4, improvements were seen in EBITDA per Indenture, reaching $12.5 million, reflecting disciplined expense management. CEO Caroline Beasley emphasized the company’s focus on strengthening its balance sheet and expanding digital offerings.
Looking ahead, Beasley aims to drive revenue growth through digital evolution and enhance marketing solutions. With a refined portfolio and agile cost structure, Beasley is positioned for future success.
In conclusion, Beasley Broadcast Group’s financial results demonstrate resilience and strategic planning for long-term growth.
