BBGI

EX-99.1

2 bbgi-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Conference Call and Webcast Today, May 13, 2026 at 11:00 a.m. ET (800) 715-9871 or +1 (646) 307-1963, conference ID 1613596 or www.bbgi.com

Replay information provided below

CONTACT:

Heidi Raphael

Ilana Goldstein

Chief Communications Officer

Director, IR & Corp. Dev.

Beasley Broadcast Group, Inc.

Beasley Broadcast Group, Inc.

239/263-5000 or Heidi.raphael@bbgi.com

212/835-8500 or ilana@bbgi.com

BEASLEY BROADCAST GROUP REPORTS FIRST QUARTER REVENUE OF $42.6 MILLION

NAPLES, Florida, May 13, 2026 – Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three-month period ended March 31, 2026. For further information, the Company has posted a presentation to its website regarding the first quarter highlights and accomplishments that management will review on today’s conference call.

First Quarter Financial Highlights

In millions, except per share data

Three Months Ended March 31,

2025

2026

Net revenue

$

48.9

$

42.6

Operating income (loss)

(0.3

)

7.7

Net income (loss)

(2.7

)

3.2

Net income (loss) per diluted share

(1.50

)

1.77

Adjusted EBITDA (non-GAAP)

$

1.1

$

(0.4

)

First Quarter 2026 Highlights

• Revenue from new business accounted for 11% of net revenue

• Local revenue, including digital packages sold locally, accounted for 75% of net revenue

• Digital revenue was $10.7 million, flat year-over-year and an 18.2% increase on a same-station basis

• Digital revenue accounted for 25% of net revenue

• Digital segment operating margin was 15.5%

Net revenue during the three months ended March 31, 2026 decreased 12.9% to $42.6 million, a decrease of 6.7% on a same-station basis. This performance reflects persistent weakness in the traditional agency advertising market that was partially offset by the continued expansion of our high-margin, owned-and-operated direct digital revenues.

Beasley recorded operating income of $7.7 million in the first quarter of 2026, compared to an operating loss of $0.3 million in the prior year quarter. The increase in operating income was driven primarily by the completion of the company’s sale of all stations operated within Fort Myers, FL. Cash interest expense totaled $3.3 million, consistent with prior periods. Beasley reported net income of 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, in the prior year quarter.

Beasley Broadcast Group, 5/13/2026

page 2

Adjusted EBITDA was negative $0.4 million in the first quarter of 2026, compared to $1.1 million in the first quarter of 2025.

Please refer to the “Reconciliation of Net Income (Loss) to Adjusted EBITDA and EBITDA per Indenture” table at the end of this release.

Commenting on the financial results, Caroline Beasley, Chief Executive Officer, said:

“While first quarter results continued to reflect pressure in certain legacy advertising categories and an uneven pace of recovery across our markets, we made meaningful progress against the strategic priorities we outlined over the past year. Importantly, we continue to see strong momentum in digital, particularly in our owned and operated products, which grew year-over-year on a same station basis and now represent an increasingly important contributor to both revenue quality and long-term profitability. Markets with stronger digital adoption continue to demonstrate greater revenue stability, reinforcing our confidence in the long-term direction of the business.”

“Beasley added, “On May 1st, we took significant steps to strengthen our balance sheet and improve financial flexibility. Through the completion of our second lien restructuring, repurchase of a portion of our first lien notes, establishment of a new asset-based lending facility, and the continued execution of our portfolio optimization strategy, we meaningfully improved our capital structure and liquidity position. These actions provide additional runway and flexibility as we continue executing our operating and deleveraging strategy.”

“We remain focused on disciplined execution as we move through 2026,” Beasley continued. “Our priorities are clear: stabilize and rebuild local direct revenue, continue scaling higher-margin digital products, improve conversion from revenue to station operating income, and further reduce leverage over time. While macroeconomic conditions remain challenging, we believe the operational and financial actions we are taking today are positioning the Company for a more durable and profitable long-term future.”

Conference Call and Webcast Information

The Company will host a conference call and webcast today, May 13, 2026 at 11:00 a.m. ET to discuss its financial results and operations. To access the conference call, interested parties may dial (800) 715-9871 or +1 (646) 307-1963 conference ID 1613596 (domestic and interna

EX-99.1

2 bbgi-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Conference Call and Webcast Today, April 8, 2026 at 11:00 a.m. ET (800) 715-9871 or +1 (646) 307-1963, conference ID 1613596 or www.bbgi.com

Replay information provided below

CONTACT:

Heidi Raphael

Ilana Goldstein

Chief Communications Officer

Director, IR & Corp. Dev.

Beasley Broadcast Group, Inc.

Beasley Broadcast Group, Inc.

239/263-5000 or Heidi.raphael@bbgi.com

212/835-8500 or ilana@bbgi.com

BEASLEY BROADCAST GROUP REPORTS FOURTH QUARTER REVENUE OF $53.1 MILLION

NAPLES, Florida, April 8, 2026 – Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (“Beasley” or the “Company”), a multi-platform media company, today announced operating results for the three-month period ended December 31, 2025. For further information, the Company has posted a presentation to its website regarding the fourth quarter highlights and accomplishments that management will review on today’s conference call.

Fourth Quarter Financial Highlights

In millions, except per share data

Three Months Ended December 31,

Twelve Months Ended December 31,

2024

2025

2024

2025

Net revenue

$

67.3

$

53.1

$

240.3

$

205.9

Operating income (loss)

7.6

(230.0

)

13.1

(229.7

)

Net loss 1

(2.1

)

(190.1

)

(5.9

)

(196.5

)

Net loss per diluted share 1

(1.17

)

(105.40

)

(3.73

)

(109.27

)

Adjusted EBITDA (non-GAAP)

$

10.7

$

0.8

$

25.8

$

10.5

1. Net loss and net loss per diluted share in the year ended December 31, 2025 include $224.8 million impairment losses related to FCC licenses. Net loss and net loss per diluted share in the year ended December 31, 2024 include a $6.0 million gain on sale of an investment in Broadcast Music, Inc.

Fourth Quarter 2025 Highlights

• Revenue from new business accounted for 12% of net revenue

• Local revenue, including digital packages sold locally, accounted for 73% of net revenue

• Digital revenue increased 9.7% year-over-year to $12.6 million, or 33.6% on a same-station basis

• Digital revenue accounted for 23.7% of net revenue

• Digital segment operating margin was 29.4%, or 29.0% on a same-station basis

FY 2025 Highlights

• Closed the sale of WPBB-FM on September 29, 2025 for $8.0 million and entered into agreements for the sale of our Ft. Myers market assets for $18.0 million, which closed in February 2026

• Revenue from new business accounted for 13% of net revenue

• Local revenue, including digital packages sold locally, accounted for 72% of net revenue

• Digital revenue increased 5.9% year-over-year to $49.5 million, or 21.0% on a same-station basis

Beasley Broadcast Group, 4/8/2026

page 2

• Digital revenue accounted for 24.0% of net revenue

• Digital segment operating margin was 23.9%, or 28.8% on a same-station basis

Net revenue during the three months ended December 31, 2025 decreased 21.1% to $53.1 million, or a decrease of 6.8% on a same-station basis excluding $2.7 million of political revenue recorded during the three months ended December 31, 2024. This performance reflects persistent weakness in the traditional agency advertising market that was partially offset by the continued expansion of our high-margin, owned-and-operated direct digital revenues.

Beasley recorded an operating loss of approximately $230.0 million in the fourth quarter of 2025, compared to operating income of $7.6 million in the fourth quarter of 2024, driven primarily by a non-cash FCC license impairment charge of $224.8 million, reflecting the company's updated assessment of the fair value of its broadcast licenses in light of continued secular pressures on the radio industry, as well as $1.7 million in other operating expenses. Excluding these non-cash and non-recurring items, adjusted operating loss was approximately $3.4 million, compared to adjusted operating income of $7.6 million in the prior year quarter, with the decline reflecting lower total revenue, partially offset by continued expense reductions, which have exceeded $30 million in annualized cost reductions over the last 18 months. Interest expense totaled $3.3 million in the fourth quarter of 2025, consistent with prior periods, resulting in a net loss of approximately $189.2 million, or $104.87 per diluted share, compared to a net loss of $2.1 million, or $1.17 per diluted share, in the fourth quarter of 2024.

Adjusted EBITDA was $0.8 million in the fourth quarter of 2025, compared to $10.7 million in the fourth quarter of 2024.

Please refer to the “Reconciliation of Net Loss to Adjusted EBITDA and EBITDA per Indenture” table at the end of this release.

Commenting on the financial results, Caroline Beasley, Chief Executive Officer, said:

“2025 was a year of meaningful transformation for Beasley. Against a persistently challenging advertising environment — marked by continued secular pressure on traditional audio and the ongoing contraction of agency-driven revenue channels — we made tangible progress reshaping this company for long-term valu

8-K

false000109916000010991602025-11-102025-11-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 10, 2025

BEASLEY BROADCAST GROUP, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

000-29253

65-0960915

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

3033 Riviera Drive, Suite 200

Naples, Florida

34103

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 239 263-5000

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, par value $0.001 per share

BBGI

The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On November 10, 2025, Beasley Broadcast Group, Inc. issued a press release announcing its financial results for the fiscal quarter ended September 30, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item 9.01 Financial Statements and Exhibits.

Exhibit Number

Description

99.1

Press Release dated November 10, 2025 issued by Beasley Broadcast Group, Inc.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BEASLEY BROADCAST GROUP, INC.

Date:

November 10, 2025

By:

/s/ Caroline Beasley

Caroline Beasley Chief Executive Officer