Beasley (BBGI) Q4 2025 Earnings Call Transcript

Beasley Broadcast Group reported Q4 2025 results showing significant challenges with net revenue declining to $205.9 million from $240 million, driven by weakness in Agency-driven Audio and a $13.6 million decline in Political Advertising. The company executed a comprehensive restructuring including $30 million in annualized cost reductions and a major debt exchange expected to reduce total debt from $220 million to $110 million. Digital revenue grew 21% on a same-station basis to $49.5 million (24% of total revenue) with improving margins, while management emphasized a strategic shift toward local-direct and digital revenue streams with early signs of stabilization in Q1 2026.