Beasley Broadcast Group, a multi-platform media company, announced its operating results for the fourth quarter and fiscal year 2024. In Q4, revenue increased by 2.3% to $67.3 million, driven by political advertising. Operating income remained stable at $7.6 million. However, a net loss of $2.1 million was reported, primarily due to one-time costs related to financial activities. EBITDA per Indenture was $12.5 million, reflecting cost management efforts.
In 2024, Beasley focused on strengthening its balance sheet and digital business growth. The company achieved $20.0 million in annualized expense reductions and improved its leverage profile. With a refined portfolio, Beasley aims to drive sustainable revenue growth and optimize its sales approach.
Beasley’s core business involves operating radio stations across the United States, reaching around 20 million consumers weekly. The company is committed to providing advertisers with integrated marketing solutions. Looking ahead, Beasley plans to capitalize on data-driven insights and enhance direct-to-consumer engagement.
A conference call and webcast will be held to discuss the financial results, demonstrating Beasley’s commitment to transparency and communication with stakeholders. The company’s strong focus on financial discipline and strategic initiatives positions it for long-term success in the evolving media landscape.
