Beasley Broadcast Group, Inc. · NASDAQ:BBGI
Beasley Broadcast — Q1 2026 Earnings Presentation
28 slides from Beasley Broadcast's earnings presentation, May 13, 2026
Slide 1: Q1 2026 Earnings Presentation
Q1 2026 EARNINGS P R E S E N TAT I O N M AY 20 26
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements and Non-GAAP Financial Measures This presentation includes certain financial measures that have not been prepared in a manner that complies with generally accepted accounting principles in the United States (“GAAP”), including, without limitation, Adjusted EBITD
Slide 3: Overview
1. WHO WE ARE 2. REVENUE MIX 3. OUR OPERATING SEGMENTS 4. FINANCIAL PERFORMANCE 5. APPENDIX jasd OVERVIEW
Slide 4: 1. Who We Are
1. WHO WE ARE
Slide 5: An Empire Rooted in Radio
AN EMPIRE ROOTED IN RADIO, BEASLEY OFFERS ADVERTISERS A SINGLE DESTINATION FOR MULTI- PLATFORM SOLUTIONS THAT DRIVE RESULTS 2026: BEYOND BEASLEY'S FUTURE WILL BE FOUNDED BY COMPANY IPO ACQUIRED EXPANDED DRIVEN BY OPERATIONAL VIA NASDAQ GREATER MEDIA, DIGITAL GEORGE BEASLEY IN ADDING 20 CAPABILITIES
Slide 6: 14.8M AM/FM Audience, 3.8M Podcasts, 133M Streaming
AM / FM STATIONS PODCASTS STREAMING 14.8M 3.8M 133M AVG WEEKLY AUDIENCE SIZE AVG MONTHLY DOWNLOADS LTM STREAMING SESSIONS OPERATING IN 11 OUR MEDIA STRATEGY U.S. MARKETS BRINGING TOGETHER THE REACH OF RADIO AND THE PRECISION OF DIGITAL TO DELIVER SMARTER, FULL-FUNNEL CAMPAIGNS THAT DRIVE RESULTS SOC
Slide 7: Our Market
OUR MARKET WHILE CORE LOCAL RADIO REVENUE REMAINS STABLE IN A MATURE MARKET, THE INCREASING CONTRIBUTION FROM DIGITAL HIGHLIGHTS A CRITICAL GROWTH OPPORTUNITY. BEASLEY IS CAPITALIZING ON THIS TREND BY BUILDING A SCALABLE DIGITAL BUSINESS THAT INTEGRATES SEAMLESSLY WITH OUR AUDIO BRANDS—OFFERING ADVE
Slide 8: Our Unique Advantage
OUR UNIQUE ADVANTAGE COMBINING TRUSTED VOICES WITH TARGETED TECH, BEASLEY DELIVERS FULL-FUNNEL CAMPAIGNS THAT DRIVE REAL RESULTS. RADIO DIGITAL RADIO + DIGITAL COMBO LOCAL REACH PRECISION TARGETING MULTI-CHANNEL IMPACT • 90%+ ADULT WEEKLY REACH • RETARGETING + • LIFT IN PURCHASE INTENT • UNMATCHED P
Slide 9: 2. Revenue Mix
2. REVENUE MIX
Slide 10: Beasley's Two Segments Provide Full-Service Advertising Solutions
BEASLEY’S TWO SEGMENTS PROVIDE FULL-SERVICE, INNOVATIVE ADVERTISING SOLUTIONS AND CONNECTION WITH NEW AUDIENCES Q1 2026 AUDIO DIGITAL KEY BEASLEY’S FOUNDATIONAL ENABLING CUSTOMERS TO BUSINESS METRICS DIGITIZE THEIR BUSINESS 25% DIGITAL REVENUE $31.9M $10.7M AS % OF TOTAL NET REVENUE Q1 2026 REVENUE
Slide 11: Our Advertisers
OUR ADVERTISERS FY 2025 REVENUE BY CLIENT TYPE AN INTEGRATED DIGITAL AND AUDIO STRATEGY THAT PROVIDES ADVERTISERS WITH TARGETED, SCALABLE MEDIA SOLUTIONS. 11% 14% LOCAL ADVERTISERS BEASLEY’S MULTIMEDIA PLATFORM ENABLES LOCAL BUSINESSES TO MAXIMIZE AUDIENCE REACH NATIONAL ADVERTISERS LARGER COMPANIES
Slide 12: Our Revenue Categories
OUR REVENUE CATEGORIES 27% 34% • CONSUMER SERVICES CONTINUES TO BE OUR DOMINANT SEGMENT 9% • WITHIN CONSUMER SERVICES, 15% 15% LEGAL, HEALTHCARE, AND HOME IMPROVEMENT WERE OUR STRONGEST CATEGORIES CONSUMER SERVICES ENTERTAINMENT RETAIL AUTO OTHER NOTE: REFLECTS Q1 2026 REVENUE
Slide 13: 3. Our Operating Segments
3. OUR OPERATING SEGMENTS
Slide 14: Audio Powerful Outreach
AUDIO POWERFUL REACHING OVER 18 MILLION LISTENERS WEEKLY ACROSS OUR KEY MARKETS, OUTREACH BEASLEY’S STATIONS CONSISTENTLY DELIVER HIGHLY ENGAGED LOCAL AUDIENCES, REINFORCING OUR VALUE TO ADVERTISERS. 6 TOP SPORTS TEAMS WITH WHOM BEASLEY HAS EXCLUSIVE RIGHTS 1 28.9M2 RADIO + DIGITAL PLATFORM COMBINED
Slide 15: Digital
DIGITAL A DIVERSIFIED PRODUCT AND PLATFORM MIX ALLOWS BEASLEY TO MAXIMIZE DIGITAL MONETIZATION, BALANCING HIGH-MARGIN OWNED & OPERATED (O&O) SALES WITH SCALABLE THIRD-PARTY INVENTORY (TPP) Q1 2026 DIGITAL SALES MIX $’S IN MILLIONS 35% 65% TPP O&O NOTE: CLOSURE OF GUARANTEE DIGITAL IN Q3 2024 ACCOUNT
Slide 16: 4. Financial Performance
4. FINANCIAL PERFORMANCE
Slide 17: Tomorrow's Media Company Today: Q1 2026 Performance Summary
BEASLEY MEDIA GROUP: TOMORROW’S MEDIA COMPANY TODAY Q1 2026 PERFORMANCE SUMMARY: TOTAL NET CORPORATE G&A CAPEX REVENUE EXPENSE $42.6M $3.5M INCLUDING $700K IN $0.7M EXPENSES FROM RESTRUCTURING AND TRANSACTIONS ADJ EBITDA1 CASH AND CASH SOI1 EQUIVALENTS $0.4M $(0.4)M $6.4M INCLUDING $450K IN NET TRAD
Slide 18: Historical P&L Performance
HISTORICAL P&L PERFORMANCE $’S IN MILLIONS PERFORMANCE $80.00 COMPARISON $72.0 $’S IN MILLIONS $70.00 $67.3 $64.8 $65.8 $63.8 $63.5 $60.1 $60.4 Q1’25 Q1’26 $60.00 $57.8 $58.2 $55.7 $54.4 $53.0 $51.0 $53.1 TOTAL REVENUE $48.9 $42.6 $48.9 $50.00 $42.6 TOTAL $40.00 EXPENSES $45.2 $42.2 $30.00 SOI* $3.7
Slide 19: Balance Sheet Items
BALANCE SHEET ITEMS $’S IN MILLIONS 5/01/2026 3/31/2026 12/31/2025 NET WORKING NA $(6.7) $(0.0) CAPITAL CASH AND CASH NA $6.4 $9.9 EQUIVALENTS TOTAL LONG- $113.5 $217.5 $235.3 TERM DEBT NOTE: NET WORKING CAPITAL EXCLUDES CASH AND CASH EQUIVALENTS NOTE: TOTAL LT DEBT INCLUDES ALL OUTSTANDING LT DEBT
Slide 20: Appendix
©) BEASLEY » BROADCAST GROUP APPENDIX
Slide 21: Calculation of SOI Q1 2022 – Q1 2024
CALCULATION OF SOI Q1 2022 – Q1 2024 Calculation of Station Operating Income 1q 2q 3q 4q 1q 2q 3q 4q 1q 2022 2022 2022 2022 2023 2023 2023 2023 2024 Net revenue $55,720,268 $64,810,450 $63,823,288 $72,027,012 $57,779,120 $63,461,723 $60,119,757 $65,748,658 $54,380,346 Operating expenses (50,009,549)
Slide 22: Calculation of SOI Q2 2024 – Q1 2026
CALCULATION OF SOI Q2 2024 – Q1 2026 Calculation of Station Operating Income 2q 3q 4q 1q 2q 3q 4q 1q 2024 2024 2024 2025 2025 2025 2025 2026 Net revenue $60,435,657 $58,190,116 $67,285,492 $48,912,465 $52,999,711 $50,977,046 $53,050,405 $42,588,735 Operating expenses (49,347,793) (49,946,133) (53,23
Slide 23: Reconciliation of Net Income (Loss) to SOI
RECONCILIATION OF NET INCOME (LOSS) TO SOI Q1 2022 – Q1 2024 Reconciliation of Net Loss Attributable to BBGI Stockholders to Station Operating Income 1q 2q 3q 4q 1q 2q 3q 4q 1q 2022 2022 2022 2022 2023 2023 2023 2023 2024 Net loss attributable to BBGI stockholders (3,590,930) (14,454,717) 498,068 (1
Slide 24: Reconciliation of Net Income (Loss) to SOI
RECONCILIATION OF NET INCOME (LOSS) TO SOI Q2 2024 – Q1 2026 Reconciliation of Net Loss Attributable to BBGI Stockholders to Station Operating Income 2q 3q 4q 1q 2q 3q 4q 1q 2024 2024 2024 2025 2025 2025 2025 2026 Net loss attributable to BBGI stockholders (276,021) (3,560,575) (2,168,604) (2,689,82
Slide 25: Reconciliation of Net Loss to Adj EBITDA and EBITDA Per Indenture
RECONCILIATION OF NET LOSS TO ADJ EBITDA AND EBITDA PER INDENTURE Three months ended March 31, 2025 2026 Net income (loss) $ (2,689,821) $ 3,214,790 Interest expense 3,380,642 3,263,397 Income tax expense (benefit) (1,567,727) 1,328,368 Depreciation and amortization 1,652,331 1,657,291 EBITDA 775,42
Slide 26: Calculation of Same-Station Net Revenue and Operating Expenses
CALCULATION OF SAME-STATION NET REVENUE AND OPERATING EXPENSES Net revenue $ 48,912,465 $ 42,588,735 Fort Myers (1,889,439) (299,815) Digital (1,706,633) — Same station net revenue $ 45,316,393 $ 42,288,920 Three months ended March 31, 2025 2026 Operating expenses $ 45,241,261 $ 42,170,631 Fort Myer
Slide 27: Calculation of Same-Station Digital Revenue and Digital Operating Expenses
CALCULATION OF SAME-STATION DIGITAL REVENUE AND DIGITAL OPERATING EXPENSES Three months ended March 31, 2025 2026 Digital net revenue $ 10,759,095 $ 10,704,283 Digital Direct (1,706,633) — Same station digital net revenue $ 9,052,462 $ 10,704,283 Three months ended March 31, 2025 2026 Digital operat
Slide 28: Calculation of Same-Station Audio Revenue and Audio Operating Expenses
CALCULATION OF SAME-STATION AUDIO REVENUE AND AUDIO OPERATING EXPENSES Three months ended March 31, 2025 2026 Audio net revenue $ 38,153,370 $ 31,884,452 Fort Myers (1,889,439) (299,815) Same station audio net revenue $ 36,263,931 $ 31,584,637 Three months ended March 31, 2025 2025 2026 Audio operat
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