Beasley Broadcast Group, Inc. · NASDAQ:BBGI
Beasley Broadcast — Q4 2025 Earnings Presentation
29 slides from Beasley Broadcast's earnings presentation, Apr 8, 2026
Slide 1: FY 2025 Earnings Presentation
FY 2025 EARNINGS P R E S E N TAT I O N APRIL 2026
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 2026: 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: Our Media Strategy: audience and reach metrics
AM / FM STATIONS PODCASTS STREAMING 15.2M 3.9M 128M AVG WEEKLY AUDIENCE SIZE AVG MONTHLY DOWNLOADS LTM STREAMING SESSIONS OPERATING IN OUR MEDIA STRATEGY 11 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 FY 2025 AUDIO DIGITAL KEY BEASLEY’S FOUNDATIONAL ENABLING CUSTOMERS TO BUSINESS METRICS DIGITIZE THEIR BUSINESS 24% DIGITAL REVENUE $156.5M $49.5M AS % OF TOTAL NET REVENUE FY 2025 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. 14% 10% 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 29% 32% • CONSUMER SERVICES CONTINUES TO BE OUR DOMINANT SEGMENT 9% 15% • WITHIN CONSUMER SERVICES, LEGAL 16% AND HEALTHCARE WERE OUR STRONGEST CATEGORIES CONSUMER SERVICES ENTERTAINMENT RETAIL AUTO OTHER NOTE: REFLECTS FY 2025 REVENUE, GRAPH TOTAL SUMS TO 101% DUE TO ROUNDING
Slide 13: 3. Our Operating Segments
3. OUR OPERATING SEGMENTS
Slide 14: Audio
POWERFUL AUDIO OUTREACH REACHING OVER 18 MILLION LISTENERS WEEKLY ACROSS OUR KEY MARKETS, BEASLEY’S STATIONS CONSISTENTLY DELIVER HIGHLY ENGAGED LOCAL AUDIENCES, REINFORCING OUR VALUE TO ADVERTISERS. 6 TOP SPORTS TEAMS WITH WHOM BEASLEY HAS EXCLUSIVE RIGHTS1 30.7M2 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) FY 2025 DIGITAL SALES MIX $’S IN MILLIONS 43% 57% TPP O&O NOTE: CLOSURE OF GUARANTEE DIGITAL IN Q3 2024 ACCOUNT
Slide 16: 4. Financial Performance
4. FINANCIAL PERFORMANCE
Slide 17: FY 2025 Performance Summary
BEASLEY MEDIA GROUP: TOMORROW’S MEDIA COMPANY TODAY FY 2025 PERFORMANCE SUMMARY: TOTAL NET CORPORATE G&A CAPEX REVENUE EXPENSE $205.9M $14.2M $4.8M EXCLUDING $0.2M OF STOCK BASED COMPENSATION ADJ EBITDA1 CASH AND CASH SOI1 EQUIVALENTS $16.2M $10.5M $9.9M AS OF 12/31/2025 1 NON-GAAP MEASURE – SEE REC
Slide 18: Q4 2025 Performance Summary
BEASLEY MEDIA GROUP: TOMORROW’S MEDIA COMPANY TODAY Q4 2025 PERFORMANCE SUMMARY: TOTAL NET CORPORATE G&A CAPEX REVENUE EXPENSE $53.1M $4.4M $1.2M ADJ EBITDA1 CASH AND CASH SOI1 EQUIVALENTS $2.5M $0.8M $9.9M AS OF 12/31/2025 1 NON-GAAP MEASURE – SEE RECONCILIATION IN APPENDIX: INCLUDES FEES RELATED T
Slide 19: Historical P&L Performance
HISTORICAL P&L PERFORMANCE $’S IN MILLIONS PERFORMANCE $80.00 COMPARISON $72.0 $’S IN MILLIONS $70.7 $70.00 $67.3 $64.8 $65.8 $63.8 $63.5 FY 2024 FY 2025 $60.1 $60.4 $60.00 $57.8 $58.2 $55.7 $54.4 $53.0 $51.0 $53.1 TOTAL REVENUE $240.3 $205.9 $48.9 $50.00 TOTAL EXPENSES $201.8 $186.6 $40.00 $30.00 S
Slide 20: Balance Sheet Items
BALANCE SHEET ITEMS $’S IN MILLIONS 12/31/2025 12/31/2024 NET WORKING $(0.0) $16.3 CAPITAL CASH AND CASH $9.9 $13.8 EQUIVALENTS PRINCIPAL $218.5 $220.0 OUTSTANDING DEBT NOTE: NET WORKING CAPITAL EXCLUDES CASH AND CASH EQUIVALENTS
Slide 21: Appendix
©) BEASLEY » BROADCAST GROUP APPENDIX
Slide 22: Calculation of SOI Q4 2021 – Q4 2023
CALCULATION OF SOI Q4 2021 – Q4 2023 Calculation of Station Operating Income 4q 1q 2q 3q 4q 1q 2q 3q 4q 2021 2022 2022 2022 2022 2023 2023 2023 2023 Net revenue $70,736,628 $55,720,268 $64,810,450 $63,823,288 $72,027,012 $57,779,120 $63,461,723 $60,119,757 $65,748,658 Operating expenses (56,821,830)
Slide 23: Calculation of SOI Q1 2024 – Q4 2025
CALCULATION OF SOI Q1 2024 – Q4 2025 Calculation of Station Operating Income 4q 1q 2q 3q 4q 1q 2q 3q 4q 2021 2024 2024 2024 2024 2025 2025 2025 2025 Net revenue $70,736,628 $54,380,346 $60,435,657 $58,190,116 $67,285,492 $48,912,465 $52,999,711 $50,977,046 $53,050,405 Operating expenses (56,821,830)
Slide 24: Reconciliation of Net Income (Loss) to SOI Q4 2021 – Q4 2023
RECONCILIATION OF NET INCOME (LOSS) TO SOI Q4 2021 – Q4 2023 Reconciliation of Net Loss Attributable to BBGI Stockholders to Station Operating Income 4q 1q 2q 3q 4q 1q 2q 3q 4q 2021 2022 2022 2022 2022 2023 2023 2023 2023 Net loss attributable to BBGI stockholders 10,582,176 (3,590,930) (14,454,717)
Slide 25: Reconciliation of Net Income (Loss) to SOI Q1 2024 – Q4 2025
RECONCILIATION OF NET INCOME (LOSS) TO SOI Q1 2024 – Q4 2025 Reconciliation of Net Loss Attributable to BBGI Stockholders to Station Operating Income 4q 1q 2q 3q 4q 1q 2q 3q 4q 2021 2024 2024 2024 2024 2025 2025 2025 2025 Net loss attributable to BBGI stockholders 10,582,176 7,970 (276,021) (3,560,5
Slide 26: 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 Year ended December 31, December 31, 2024 2025 2024 2025 Net loss $(2,058,632) $(189,183,869) $(5,887,258) $(195,584,568) Interest expense 3,460,070 3,279,355 21,233,027 13,233,800 Income tax expense (benefit) 451,0
Slide 27: Calculation of Same-Station Net Revenue and Operating Expenses
CALCULATION OF SAME-STATION NET REVENUE AND OPERATING EXPENSES Three months ended Year ended December 31, December 31, 2024 2025 2024 2025 Net revenue $ 67,285,492 $ 53,050,405 $ 240,291,611 $ 205,939,627 Atlanta — — (965) — Wilmington — — (55,117) — Digital Direct & Guarantee Digital (2,035,625) 20
Slide 28: Calculation of Same-Station Digital Revenue and Digital Operating Expenses
CALCULATION OF SAME-STATION DIGITAL REVENUE AND DIGITAL OPERATING EXPENSES Three months ended Year ended December 31, December 31, 2024 2025 2024 2025 Digital net revenue $ 11,472,340 $ 12,585,650 $ 46,730,332 $ 49,472,312 Digital Direct & Guarantee Digital (2,035,625) 20,200 (9,675,572) (4,897,784)
Slide 29: Calculation of Same-Station Audio Revenue and Audio Operating Expenses
CALCULATION OF SAME-STATION AUDIO REVENUE AND AUDIO OPERATING EXPENSES Three months ended Year ended December 31, December 31, 2024 2025 2024 2025 Audio net revenue $ 55,813,152 $ 40,464,755 $ 193,561,279 $ 156,467,315 Atlanta — — (965) — Wilmington — — (55,117) — Same station audio net revenue $ 55
Beasley Broadcast Group — Q4 2025 Earnings Presentation on 6ix