Earnings Releases·Nov 13, 2026, 5:06 PM ET

Beasley Broadcast Group — Q3 2026 Earnings Summary

Q3 2026 net revenue declined 16.1% YoY to $42.8 million, while the nine-month period saw revenue drop to $129.5 million from $152.9 million; the quarter reported an operating loss of $12.8 million and a net loss of $12.1 million ($6.52/share), contrasting with a nine-month net income of $75.4 million ($40.99/share) driven by a $91.8 million gain on debt restructuring.
Balance sheet improvements include a reduction in long-term debt to $32.0 million from $235.3 million at year-end 2025, a shift in stockholders' equity to a positive $31.4 million from a $49.3 million deficit, and an increase in cash to $16.5 million.
Strategic actions completed in 2026 include a comprehensive debt restructuring in May, a $4.6 million equity raise in September, and post-quarter asset sales generating over $10 million that reduced first-lien notes to approximately $3.6 million.
Management identified priorities to stabilize core revenue, expand digital profitability (which saw a 32% operating margin in Q3), and reduce leverage, though the company faces a going concern risk for at least one year and continues to contend with weakness in traditional national and local agency advertising.