Beasley Broadcast Group, Inc. · NASDAQ:BBGI
Beasley Broadcast — Q2 2025 Earnings Presentation
28 slides from Beasley Broadcast's earnings presentation, Aug 12, 2025
Slide 1: Q2 2025 Earnings Presentation
Q2 2025 EARNINGS P R E S E N TAT I O N AUGUST 2025
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, Beasley Offers Advertisers a Single Destination
AN EMPIRE ROOTED IN RADIO, BEASLEY OFFERS ADVERTISERS A SINGLE DESTINATION FOR MULTI- PLATFORM SOLUTIONS THAT DRIVE RESULTS 2025: BEYOND BEASLEY'S FUTURE FOUNDED BY COMPANY IPO ACQUIRED EXPANDED WILL BE DRIVEN BY VIA NASDAQ GREATER MEDIA, DIGITAL GEORGE BEASLEY IN ADDING 20 CAPABILITIES OPERATIONAL
Slide 6: Audience reach and media strategy
AM / FM STATIONS PODCASTS STREAMING 15.9M 3.0M 132M AVG WEEKLY AUDIENCE SIZE AVG MONTHLY DOWNLOADS LTM STREAMING SESSIONS OPERATING IN OUR MEDIA STRATEGY 12 BRINGING TOGETHER THE REACH OF U.S. MARKETS RADIO AND THE PRECISION OF DIGITAL TO DELIVER SMARTER, FULL- SOCIAL MEDIA FUNNEL CAMPAIGNS THAT DRI
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, Innovative Advertising Solutions
BEASLEY’S TWO SEGMENTS PROVIDE FULL-SERVICE, INNOVATIVE ADVERTISING SOLUTIONS AND CONNECTION WITH NEW AUDIENCES Q2 2025 AUDIO DIGITAL KEY BEASLEY’S FOUNDATIONAL ENABLING CUSTOMERS TO BUSINESS METRICS DIGITIZE THEIR BUSINESS 25% DIGITAL REVENUE $39.8M $13.2M AS % OF TOTAL NET REVENUE Q2 2025 REVENUE
Slide 11: Our Advertisers
OUR ADVERTISERS Q2 2025 REVENUE BY CLIENT AN INTEGRATED DIGITAL AND AUDIO STRATEGY TYPE THAT PROVIDES ADVERTISERS WITH TARGETED, SCALABLE MEDIA SOLUTIONS. 7% 17% 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 30% 33% • CONSUMER SERVICES CONTINUES TO BE OUR DOMINANT SEGMENT 7% 16% • WITHIN CONSUMER SERVICES, LEGAL 14% AND HEALTHCARE WERE OUR STRONGEST CATEGORIES CONSUMER SERVICES ENTERTAINMENT RETAIL AUTO OTHER NOTE: REFLECTS Q2 202 5 REVENUE
Slide 13: 3. Our Operating Segments
3. OUR OPERATING SEGMENTS
Slide 14: Audio: Powerful Audio Outreach
POWERFUL AUDIO OUTREACH REACHING NEARLY 19 MILLION LISTENERS WEEKLY ACROSS OUR KEY MARKETS, BEASLEY’S STATIONS CONSISTENTLY DELIVER HIGHLY ENGAGED LOCAL AUDIENCES, REINFORCING OUR VALUE TO 5 ADVERTISERS. PRO SPORTS TEAMS WITH WHOM BEASLEY HAS EXCLUSIVE RIGHTS1 70%2 BEASLEY RANKS IN THE TOP 3 STATION
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) Q2 2025 DIGITAL SALES MIX $’S IN MILLIONS 45% 55% TPP O&O NOTE: CLOS URE OF G UA RANTEE DIGITAL IN Q3 2024 ACCO
Slide 16: 4. Financial Performance
4. FINANCIAL PERFORMANCE
Slide 17: Tomorrow's Media Company Today
BEASLEY MEDIA GROUP: TOMORROW’S MEDIA COMPANY TODAY Q2 2025 PERFORMANCE SUMMARY: TOTAL NET CORPORATE G&A CAPEX REVENUE EXPENSE $53.0M $3.8M $0.6M INCLUDING $0.1M IN SEVERANCE AND OTHER ONE TIME EXPENSES1 ADJ EBITDA1 CASH AND CASH SOI1 EQUIVALENTS $8.2M $4.7M $13.7M 1 NON-GA AP ME ASURE – SEE RECONCL
Slide 18: Historical P&L Performance
HISTORICAL P&L PERFORMANCE $’S IN MILLIONS PERFORMANCE $80.00 $70.7 $72.0 COMPARISON $70.00 $67.3 $’S IN MILLIONS $64.8 $65.8 $62.9 $63.8 $63.5 $60.00 $59.6 $57.8 $60.1 $60.4 $58.2 Q2’25 Q2’24 $55.7 $54.4 $53.0 $50.00 $48.9 TOTAL REVENUE $53.0 $60.4 TOTAL $40.00 EXPENSES $44.8 $49.3 $30.00 SOI* $8.2
Slide 19: Balance Sheet Items
BALANCE SHEET ITEMS $’S IN MILLIONS 6/30/2025 12/31/2024 NET WORKING $7.3 $16.3 CAPITAL CASH AND CASH $13.7 $13.8 EQUIVALENTS PRINCIPAL $218.5 $220.0 OUTSTANDING DEBT NOTE: NET WORKING CAPITA L E XCL UDES CASH AND CASH EQUIVALENTS
Slide 20: Appendix
©) BEASLEY » BROADCAST GROUP APPENDIX
Slide 21: Calculation of SOI FY 2021-2022
CALCULATION OF SOI FY 2021-2022 Calculation of Station Operating Income 2q 3q 4q 1q 2q 3q 4q 2021 2021 2021 2022 2022 2022 2022 Net revenue $59,574,705 $62,902,935 $70,736,628 $55,720,268 $64,810,450 $63,823,288 $72,027,012 Operating expenses (48,494,420) (51,186,064) (56,821,830) (50,009,549) (53,6
Slide 22: Calculation of SOI FY 2023-2025
CALCULATION OF SOI FY 2023-2025 Calculation of Station Operating Income 1q 2q 3q 4q 1q 2q 3q 4q 1q 2q 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 Net revenue $57,779,120 $63,461,723 $60,119,757 $65,748,658 $54,380,346 $60,435,657 $58,190,116 $67,285,492 $48,912,465 $52,999,711 Operating expens
Slide 23: Reconciliation of Net Income (Loss) to SOI FY 2021-2022
RECONCILIATION OF NET INCOME (LOSS) TO SOI FY 2021 - 2022 Reconciliation of Net Loss Attributable to BBGI Stockholders to Station Operating Income 2q 3q 4q 1q 2q 3q 4q 2021 2021 2021 2022 2022 2022 2022 Net income (loss) attributable to BBGI stockholders 187,694 (1,620,323) 10,582,176 (3,590,930) (1
Slide 24: Reconciliation of Net Income (Loss) to SOI FY 2023-2025
RECONCILIATION OF NET INCOME (LOSS) TO SOI FY 2023 - 2025 Reconciliation of Net Loss Attributable to BBGI Stockholders to Station Operating Income 1q 2q 3q 4q 1q 2q 3q 4q 1q 2q 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 Net income (loss) attributable to BBGI stockholders (3,536,566) (10,430,6
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 Six months ended June 30, June 30, 2025 2024 2025 2024 Net loss $ (154,175) $ (276,021) $ (2,843,996) $ (268,051) Interest expense 3,294,772 6,092,829 6,675,414 11,680,137 Income tax expense (benefit) 283,990 (75,98
Slide 26: Calculation of Same-Station Net Revenue and Operating Expenses
CALCULATION OF SAME-STATION NET REVENUE AND OPERATING EXPENSES Three months ended Six months ended June 30, June 30, 2025 2024 2025 2024 Net revenue $52,999,711 $60,435,657 $101,912,176 $114,816,003 Wilmington — — — (55,117) Guarantee Digital — (717,342) — (1,250,588) Outlaws — (96,035) — (195,226)
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 Six months ended June 30, June 30, 2025 2024 2025 2024 Digital net revenue $13,180,841 $13,005,577 $23,939,936 $23,957,796 Guarantee Digital — (717,342) — (1,250,588) Outlaws — (96,035) — (195,226) Same sta
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 Six months ended June 30, June 30, 2025 2024 2025 2024 Audio net revenue $39,818,870 $47,430,080 $77,972,240 $90,858,207 Wilmington — — — (55,117) Same station audio net revenue $39,818,870 $47,430,080 $77,972,
Beasley Broadcast Group — Q2 2025 Earnings Presentation on 6ix