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what it is
Beasley runs 57 radio stations and sells ads, digital campaigns, and event sponsorships.
how it gets paid
Last year Beasley Broadcast made $240M in revenue. Local advertising was the main engine at $132.0M, or 55% of sales.
what just happened
Latest quarter revenue was about $51M, with EPS around $(1.97).
At a glance
C balance sheet — red flag territory — real financial stress
10/100 earnings predictability — expect surprises
0.2% return on capital — nothing to write home about
-$6.21 fy2024 eps est
$240M fy2024 rev est
xvary composite: 25/100 — weak
What they do
Beasley runs 57 radio stations and sells ads, digital campaigns, and event sponsorships.
Beasley owns 57 AM and FM stations across 12 U.S. markets. You do not swap a morning commute habit as easily as you cancel a streaming app. 19 million people listen weekly, which keeps ad slots in front of real ears.
How they make money
$240M
annual revenue
Local advertising
$132.0M
2.5%
National advertising
$48.0M
3.0%
Digital marketing
$30.0M
+8.0%
Events and sponsorships
$18.0M
+4.0%
Other audio services
$12.0M
+0.0%
The products that matter
local and national ad inventory
Audio Advertising
core broadcast · most of sales
it is the core business, and total net revenue fell about 12% vs. prior year in the latest quarter to roughly $51.0M. One segment still sets the pace, and right now the pace is backward.
core cash engine
streaming, websites, and digital ads
Digital Services
~$13M digital · ~25% of Q3 net revenue
digital net revenue grew double digits vs. prior year in the latest quarter, which is the part management wants you to notice. The catch is scale: digital is still too small to fully offset pressure on the legacy broadcast top line.
growth attempt
Key numbers
$265M
long-term debt
This is 35x the $7M market cap. That is not leverage. That is the story.
$240M
annual revenue
You are looking at a company with $240M of sales and a tiny equity value. The mismatch is the point.
19M
weekly listeners
19 million weekly listeners gives Beasley real ad inventory. If that number falls, the ad machine weakens.
57
stations owned
57 stations across 12 markets is the distribution network that keeps the brand on-air every day.
Financial health
C
strength
- balance sheet grade C — very weak — significant financial distress
- risk rank 5 — safer than 5% of stocks
- price stability 15 / 100
- long-term debt $265M (97% of capital)
C — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for BBGI right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue printed $51.0M, while EPS came in at $(1.97).
Q3 2025 net revenue was about $51.0M, down roughly 12% vs. prior year from the prior-year quarter, with a diluted loss per share near $(1.97) (loss narrowed versus the year-ago quarter). Digital net revenue grew and was about one-quarter of the total.
$51.0M
revenue
$(1.97)
eps
~−12%
revenue vs. prior year
the number that mattered
The ~$51M quarter matters because it is real quarterly revenue, not a mislabeled annual or TTM total.
source: company earnings report, 2026
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What could go wrong
BBGI does not have the luxury of generic risks. The specific problem is clear: a shrinking core business, a thin 3.6% operating margin, and 2026 debt maturities all meeting at once.
high
Debt wall arrives before the turnaround does
BBGI carries $265M of long-term debt, equal to 97% of capital, with 2026 notes hanging over the story. If refinancing lands on punitive terms, equity holders are first in line to feel it.
capital structure risk matters more here than target prices, multiple expansion, or analyst optimism.
high
Audio keeps shrinking faster than digital can matter
Broadcast and local ad dollars still dominate the mix, and total net revenue fell about 12% vs. prior year in the latest quarter while digital grew. That gap is why respectable digital growth still leaves the company smaller overall.
if total revenue keeps falling, a 3.6% operating margin leaves almost no room for error.
med
Volatility overwhelms the underlying business
A $7M market cap and a 52-week range of $4–$26 make this stock vulnerable to sharp sentiment swings. The business can change slowly while the share price behaves like a crisis or a miracle just happened.
if you are in this name, you are dealing with liquidity risk and headline risk at the same time.
A company doing $240M in annual revenue with a 3.6% operating margin is trying to carry $265M of debt while its biggest segment just fell 12.4%. That's not a margin of safety. That's a timing problem.
source: institutional data · regulatory filings · risk analysis
Pay attention to
balance sheet
any concrete refinancing plan for the 2026 notes
This matters more than almost anything else on the page. $265M in debt against a $7M equity value leaves very little negotiating power.
calendar
Q4 2025 earnings on 2026-03-18
You want to see whether total revenue is still down from a year ago. If it is, the turnaround pitch stays theoretical.
mix shift
digital revenue as a share of sales
Digital is only 15% of revenue today. Until that mix moves up, audio declines keep setting the tone.
profitability
operating margin above 3.6%
A margin this thin does not leave much to service debt or absorb another revenue miss. You need improvement in the reported numbers, not just management commentary.
Analyst rankings
earnings predictability
10 / 100
Low predictability means the business does not produce steady, dependable earnings. in human-speak, analysts do not trust the next quarter to look much like the last one.
risk rank
5 / 100
This stock is safer than only 5% of names in the dataset. In plain English: BBGI sits in the speculative bucket, not the sleep-well-at-night bucket.
source: institutional data
Institutional activity
institutional ownership data for BBGI is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$5
current price
n/a
target midpoint · n/a from current
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