Beasley Broadcast Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:15 pm EDT
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Beasley Broadcast Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 60.12 million compared to USD 63.82 million a year ago. Net loss was USD 67.54 million compared to net income of USD 0.498068 million a year ago. Basic loss per share from continuing operations was USD 2.25 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 2.25 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the nine months, sales was USD 181.36 million compared to USD 184.35 million a year ago. Net loss was USD 81.5 million compared to USD 17.55 million a year ago. Basic loss per share from continuing operations was USD 2.73 compared to USD 0.6 a year ago. Diluted loss per share from continuing operations was USD 2.73 compared to USD 0.6 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. 
