Beasley Broadcast Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 04:11 pm EDT
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Beasley Broadcast Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 63.46 million compared to USD 64.81 million a year ago. Net loss was USD 10.43 million compared to USD 14.45 million a year ago. Basic loss per share from continuing operations was USD 0.35 compared to USD 0.49 a year ago. Diluted loss per share from continuing operations was USD 0.35 compared to USD 0.49 a year ago.
For the six months, sales was USD 121.24 million compared to USD 120.53 million a year ago. Net loss was USD 13.97 million compared to USD 18.05 million a year ago. Basic loss per share from continuing operations was USD 0.47 compared to USD 0.61 a year ago. Diluted loss per share from continuing operations was USD 0.47 compared to USD 0.61 a year ago.
Beasley Broadcast Group, Inc. is a multi-platform media company. The Company's primary business is operating radio stations throughout the United States. It offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Companyâs segments include Audio and Digital. The Company owns and operates radio stations in various radio markets, including Atlanta, Augusta, Boston, Charlotte, Detroit, Fayetteville, Fort Myers-Naples, Las Vegas, Middlesex, Monmouth, Morristown, Philadelphia, and Tampa-Saint Petersburg. The Company owns approximately 59 amplitude modulation (AM) and frequency modulation (FM) stations in 13 large- and mid-size markets in the United States. Its subsidiaries include Beasley Mezzanine Holdings, LLC, Beasley Media Group, LLC, Beasley Media Group Licenses, LLC and OutlawsXP, Inc.
BEASLEY BROADCAST GROUP, INC. 
