Beasley Broadcast Group Reports Q2 Revenue of $44.1M and Net Income of $84.3M Driven by Debt Restructuring Gain

summarizeSummary

Beasley Broadcast Group reported Q2 2026 revenue of $44.1 million and net income of $84.3 million, driven by a $91.8 million non-cash gain from debt restructuring that reduced total debt by $95 million.

check_boxKey Events · Earnings and Guidance · BBGI

• Q2 Revenue Declines 9.6%

  Net revenue fell to $44.1 million from $53.0 million a year ago, reflecting weakness in traditional national and local agency advertising, partially offset by 7.1% same-station digital revenue growth.

• Debt Restructuring Drives Net Income

  Net income of $84.3 million includes a $91.8 million non-cash gain on debt restructuring, which reduced total outstanding debt by $95 million and cut second lien debt by 46%.

• Adjusted EBITDA Improves

  Adjusted EBITDA rose to $5.3 million from $4.7 million in Q2 2025, supported by $10 million in additional annualized expense reductions, bringing trailing twelve-month savings to roughly $30 million.

• Balance Sheet Strengthens

  Stockholders' equity turned positive at $38.8 million from a deficit of $48.4 million at year-end 2025, while long-term debt fell to $144.8 million from $235.3 million.

auto_awesomeAnalysis · BBGI · Technology

Second-quarter revenue came in at $44.1 million, down 9.6% on a same-station basis, yet net income surged to $84.3 million thanks to a $91.8 million non-cash gain from debt restructuring. The company cut total debt by $95 million, reducing second lien debt by 46%, which materially lowers future cash interest expense. Adjusted EBITDA improved to $5.3 million from $4.7 million a year ago, and an additional $10 million in annualized cost reductions was implemented. The balance sheet shows stockholders' equity turned positive at $38.8 million from a deficit of $48.4 million at year-end, though cash declined to $6.7 million and operating cash flow was negative $15.2 million for the first half.