Beasley Swings to Q1 Profit on Station Sale Gain

RADIO ONLINE | Wednesday, May 13, 2026 | 5:18pm CT

Beasley Broadcast Group

Beasley Broadcast Group reported first quarter 2026 net revenue of $42.6 million, down 12.9% from the same period a year ago, while the company posted a profit driven largely by gains tied to the sale of its stations in Fort Myers, FL.

The company recorded operating income of $7.7 million for the quarter ended March 31, compared to an operating loss of $300,000 in the first quarter of 2025. Net income totaled approximately $3.2 million, or $1.77 per diluted share, compared to a net loss of $2.7 million, or $1.50 per diluted share, a year earlier.

Beasley said the improvement in operating income was primarily the result of completing the sale of its Fort Myers cluster. The company reported a gain on dispositions of approximately $12.5 million during the quarter.

Adjusted EBITDA declined to a loss of $400,000 from positive Adjusted EBITDA of $1.1 million in the prior-year quarter.

Digital revenue remained flat year over year at $10.7 million, but increased 18.2% on a same-station basis and accounted for 25% of total company revenue. Beasley said digital segment operating margin reached 15.5% during the quarter.

The company noted that local revenue, including locally sold digital packages, represented 75% of total net revenue, while new business accounted for 11% of revenue.

CEO Caroline Beasley said the company continues to face pressure in traditional advertising categories, but pointed to growth in higher-margin digital products and ongoing restructuring efforts.

Beasley also highlighted steps taken May 1 to strengthen the company's balance sheet, including a second lien restructuring, repurchase of a portion of first lien notes and establishment of a new asset-based lending facility.

As of March 31, the company reported cash and cash equivalents of $6.4 million and long-term debt of approximately $217.5 million.