Beasley Broadcast Group, Inc. · NASDAQ:BBGI
Beasley Broadcast — Investor Presentation (August 2026)
31 slides from Beasley Broadcast's investor presentation, August 2026
Slide 1: Company Update
Company Update Beasley Broadcast Group, Inc. (NASDAQ: BBGI) Beasley Media Group, LLC August 2026
Slide 2: Disclaimer
Disclaimer Disclaimer This investor presentation (this “Presentation”) contains certain information pertaining to Beasley Broadcast Group, Inc. and its subsidiaries (the “Company,” “Beasley” or “BBGI”). The Presentation is not, and may not be relied on in any manner as, legal, tax or investment advi
Slide 3: Company Overview
Company Overview Beasley Broadcast Group (NASDAQ: BBGI) is a U.S. multi-platform audio company — 49 AM/FM stations across 9 markets reaching ~29MM listeners monthly through broadcast, streaming, podcasting, and digital. Founded 1961 · Headquartered in Naples, FL. 9 49 ~29MM $184MM 27% 9 FY2026E Net
Slide 4: Market Footprint & Audience Scale
Market Footprint & Audience Scale ~29MM Top-3 in 9 of 9 9 Markets 49 Stations #1 or #2 in 7 of 9 Monthly Reach Rated Markets Nielsen Cluster Market Stations Rank* Rank Philadelphia, PA #9 #1 7 Boston, MA #10 #3 5 Detroit, MI #14 #2 7 Charlotte, NC #20 #1 8 Tampa, FL #16 #3 4 Las Vegas, NV #31 #1 5 N
Slide 5: Marquee Brands & Exclusive Sports Rights
Marquee Brands & Exclusive Sports Rights Heritage stations, dominant morning shows, and a sports content moat unavailable to pure-digital competitors 98.5 The Sports Hub WMMR FM WRIF FM Boston's Home for Sports Philly’s #1 Morning Show Detroit’s Heritage Rock Station • Co-hosted by Preston Elliot &
Slide 6: Marquee Brands & Exclusive Sports Rights
Marquee Brands & Exclusive Sports Rights Heritage stations, dominant morning shows, and a sports content moat unavailable to pure-digital competitors WXTU Philadelphia WPEN Philadelphia Dave WRBQ and Chuck the Freak Tampa Boston's Home for Sports Philly’s 1st FM Sports Station Tampa Bay’s Iconic Bra
Slide 7: The Audience Has Shifted to Digital
The Audience Has Shifted to Digital For the first time, digital platforms deliver the majority of Beasley's total audience. Total Audience Cume by Platform (millions) 50%+ 15.1 14.3 14.4 of total audience now comes from digital — 13.5 up 40% YoY Where Quu Fits in the Ecosystem +7% Trackable dashboar
Slide 8: Other Involvements
Other Involvements Beasley Media Group invests directly in the communities it serves — showing up in person, on air, and in listeners’ inboxes to reinforce its local identity across all 9 markets. Live Events & Local Live Broadcasts from Newsletters Activations Community Events Why It Matters? Local
Slide 9: How Beasley Is Adjusting
How Beasley Is Adjusting Broadcast builds the audience; digital follows it — and heritage advantages turn the migration into revenue. Broadcast Reach Digital Migration In-Dash Bridge (Quu) Trackable dashboard brand That audience follows us onto Live AM/FM hosts and local imagery — a touchpoint no tr
Slide 10: Integrated Media Platform & Brand Portfolio
Integrated Media Platform & Brand Portfolio One audience. Every platform. A full-funnel advertiser proposition no single-channel competitor can match. AWARENESS CONSIDERATION CONVERSION • • • Build reach & brand Earn engagement & intent Drive measurable action Broadcast spots · streaming audio · Pod
Slide 11: Growth Strategy & Revenue Enhancement
Growth Strategy & Revenue Enhancement ~$50MM of identified revenue opportunities (~25% above base plan) through 5 initiatives, supported by digital transformation, political cycle recovery, and potential post-deregulation M&A optionality New Advertiser New Advertiser Digital Political Reduce Churn A
Slide 12: Financial Performance - Summary P&L
Financial Performance - Summary P&L Revenue troughs at $184MM (FY2026E) then recovers to $203MM (FY2028E) Adj. EBITDA expands from $10.5MM (5.1%) in 2025A to $29.8MM (14.7%) — a 42% CAGR $ Millions FY2023A FY2024A FY2025A FY2026E FY2027E FY2028E Total Net Revenue $247.1 $240.3 $205.9 $183.7 $183.9 $
Slide 13: Recently Reported Financial Performance
Recently Reported Financial Performance Despite 9.6% YoY decline in net revenue on a same-station, Adj. EBITDA increased by $0.6M demonstrating the impact of Beasley’s expense control in a challenged revenue environment PERFORMANCE COMPARISON $80.00 $’S IN MILLIONS $72.0 $70.00 $65.8 $67.3 $64.8$63.
Slide 14: Business Model & Path to Value Creation
Business Model & Path to Value Creation Revenue mix shifts toward higher-margin O&O and programmatic inventory creating margin expansion Audio SegmentAudio Segment Trading Digital Segment (Primary Growth) Audio Revenue Breakdown Digital Revenue Breakdown • $100.6MM Local Spot FY2025A • $28.5MM O&O F
Slide 15: Key Investor Considerations
Key Investor Considerations A restructuring-driven entry at an inflection point: digital momentum, cost reset, and deregulation create a multi-path value thesis Restructuring Catalyst Financial Trajectory Competitive Moat • Out-of-court PIK note exchange • Revenue trough $184MM FY2026E → • Cluster #
Slide 16: Board of Directors
Board of Directors Caroline Beasley Bruce G. Beasley Brian E. Beasley Peter A. Bordes Chair and Chief Executive Officer Vice Chair and President Chief Operating Officer CEO, Collective Audience MP, Trajectory Ventures Michael J. Fiorile Jeffrey D. Goldberg Senator Gordon H. Smith Past Chair and CEO
Slide 17: Executive Management
Executive Management Caroline Beasley Brian E. Beasley Kevin LeGrett Ilana Goldstein Chair and Chief Executive Officer Chief Operating Officer Chief Business Officer Director of Finance & Investor Relations Chris Ornelas Dave Snyder Justin Chase Shaun Greening Executive Vice President & Head of Digi
Slide 18: Appendix
BEASLEY » BROADCAST GROUP APPENDIX
Slide 19: Calculation of SOI Q2 2022 – Q2 2024
CALCULATION OF SOI Q2 2022 – Q2 2024 Calculation of Station Oper ating Income 2q 3q 4q 1q 2q 3q 4q 1q 2q 2022 2022 2022 2023 2023 2023 2023 2024 2024 Net revenue $6 4,81 0,4 50 $6 3,82 3,2 88 $7 2,02 7,0 12 $5 7,77 9,1 20 $6 3,46 1,7 23 $6 0,11 9,7 57 $6 5,74 8,6 58 $5 4,38 0,3 46 $6 0,43 5,6 57 Ope
Slide 20: Calculation of SOI Q3 2024 – Q2 2026
CALCULATION OF SOI Q3 2024 – Q2 2026 Calculation of Station Operating Income 3q 4q 1q 2q 3q 4q 1q 2q 2024 2024 2025 2025 2025 2025 2026 2026 Net revenue $58,190,116 $67,285,492 $48,912,465 $52,999,711 $50,977,046 $53,050,405 $42,588,735 $44,125,702 Operating expenses (49,946,133) (53,233,833) (45,24
Slide 21: Reconciliation of Net Income (Loss) to SOI Q2 2022 – Q2 2024
RECONCILIATION OF NET INCOME (LOSS) TO SOI Q2 2022 – Q2 2024 Reconciliation of Net Loss Attributable to BBGI Stockholders to Station Operating Income 2q 3q 4q 1q 2q 3q 4q 1q 2q 2022 2022 2022 2023 2023 2023 2023 2024 2024 Net gain / loss attributable to BBGI stockholders (14,454,717) 498,068 (17,869
Slide 22: Reconciliation of Net Income (Loss) to SOI Q3 2024 – Q2 2026
RECONCILIATION OF NET INCOME (LOSS) TO SOI Q3 2024 – Q2 2026 Reconciliation of Net Loss Attributable to BBGI Stockholders to Station Operating Income 3q 4q 1q 2q 3q 4q 1q 2q 2024 2024 2025 2025 2025 2025 2026 2026 Net gain / loss attributable to BBGI stockholders (3,560,575) (2,168,604) (2,689,821)
Slide 23: Reconciliation of Net Loss to Adj EBITDA
RECONCILIATION OF NET LOSS TO ADJ EBITDA 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) 451,058 (44,022,040) (1,344,96
Slide 24: Reconciliation of Net Loss to Adj EBITDA
RECONCILIATION OF NET LOSS TO ADJ EBITDA 24
Slide 25: 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 26: 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 Dig ital net reven ue $ 11,472 ,340 $ 12,585 ,650 $ 46,730 ,332 $ 49,472 ,312 Dig ital Direct & Guarantee Digital (2,035 ,625) 20,2 00 (9,675 ,572) (
Slide 27: 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 rev enu e $ 55,813 ,152 $ 40,464 ,755 $ 1 93,561 ,279 $ 1 56,467 ,315 Atlanta — — (965) — Wilmington — — (55,11 7) — Same s tation aud io net r
Slide 28: 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 2026 2025 2026 Net rev enu e $52, 999,711 $44, 125,702 $101 ,912,17 6 $86, 714,437 Fort My ers (1,964 ,133) 808 (3,853 ,572) (299,0 07) Tampa (WPBB-FM) (357,3 69) — (646,2 15) —
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 Six months ended June 30, June 30, 2025 2026 2025 2026 Audio net rev enu e $39, 818,870 $32, 470,043 $77, 972,240 $64, 354,495 Fort My ers (1,561 ,217) 808 (3,067 ,205) (225,6 59) Tampa (WPBB-FM) (357,3 69) — (
Slide 30: Calculation of Same-Station Digital Revenue and Digital Operating Expenses
CALCULATION OF SAME-STATION DIGITAL REVENUE AND DIGIAL OPERATING EXPENSES Three months ended Six months ended June 30, June 30, 2025 2026 2025 2026 Dig ital net reven ue $13, 180,481 $11, 655,659 $23, 939,936 $22, 359,942 Fort My ers (402,9 16) — (786,3 67) (73,34 8) Dig ital Direct (1,890 ,898) — (
Slide 31: Calculation of Unlevered Free Cash Flow (FCF)
CALCULATION OF UNLEVERED FREE CASH FLOW (FCF) $s in millions 2026E 2027E 2028E EBITDA $17.1 $19.0 $29.8 TAXES (2.9) (1.4) (2.9) CHANGE IN (5.7) (0.3) (3.1) NWC CAPEX (3.0) (3.1) (3.2) FCF $5.5 $14.2 $20.6 31
Beasley Broadcast Group — Investor Presentation (August 2026) on 6ix