Beasley Broadcast Q4 Revenue Falls, Posts Large Loss

RADIO ONLINE | Wednesday, April 8, 2026 | 4:15pm CT

Beasley Media Group

Beasley Broadcast Group reported a sharp decline in fourth quarter revenue and a significant net loss, driven largely by a major non-cash impairment charge, according to its latest financial filing.

Net revenue for the fourth quarter ended December 31, 2025 fell 21.1% to $53.1 million, down from $67.3 million a year earlier. For the full year, revenue declined to $205.9 million from $240.3 million in 2024.

The company posted a net loss of $190.1 million for the quarter, compared to a $2.1 million loss in the prior-year period. For the full year, net loss widened to $196.5 million. Results were heavily impacted by a $224.8 million non-cash impairment related to FCC licenses, reflecting revised valuations amid ongoing pressure on the radio business.

Adjusted EBITDA declined to $0.8 million in the quarter from $10.7 million a year ago, while full-year adjusted EBITDA dropped to $10.5 million from $25.8 million.

Despite overall declines, Beasley reported continued growth in digital operations. Fourth quarter digital revenue rose 9.7% year-over-year to $12.6 million and accounted for nearly 24% of total revenue. For the full year, digital revenue increased 5.9% to $49.5 million.

Local revenue remained a key component of the business, representing 73% of fourth quarter revenue, while new business contributed 12%.

Management cited ongoing weakness in traditional agency advertising as a primary headwind but pointed to cost reductions and digital expansion as offsets. The company said it has implemented more than $30 million in annualized cost cuts over the past 18 months.

Beasley also took steps to strengthen its balance sheet, including station divestitures totaling about $26 million and a planned debt exchange expected to reduce total debt by roughly half to about $110 million upon completion.