Beasley Broadcast Group, Inc. announced its operating results for the three months and year ended December 31, 2024. In the fourth quarter of 2024, the company reported an increase in net revenue driven by political advertising. Despite challenges in the commercial advertising market, Beasley maintained steady operating income. However, there was a net loss in the quarter due to one-time costs related to financial initiatives and severance expenses. EBITDA per Indenture increased year-over-year due to expense management efforts.
Looking ahead, Beasley’s CEO highlighted the company’s focus on sustainable revenue growth, digital expansion, and optimized sales strategies, leveraging data-driven insights and enhanced engagement. With a stronger financial foundation and emphasis on digital evolution, Beasley aims to provide long-term value for its stakeholders.
Beasley Broadcast Group is a media company operating radio stations across the U.S. The company’s financial highlights and balance sheet data show its financial position and performance. Adjusted EBITDA and EBITDA per Indenture provide further insights into the company’s financial health and operational efficiency. Beasley emphasizes its commitment to growth and innovation in the audio and digital media industry.
