Beasley Broadcast Group (BBGI) investor relations material

Executive summary

• Q2 net revenue was $44.1 million, down 16.7% year over year; same-station revenue declined 9.6%.

• Adjusted EBITDA rose to $5.3 million from $4.7 million a year earlier, while net income of $84.3 million included a $91.8 million debt-restructuring gain.

• Priorities include rebuilding local direct sales, improving digital monetization and margins, converting savings into cash flow, and reducing debt.

Financial highlights

• Q2 net revenue was $44.1 million; six-month revenue was $86.7 million, down 14.9% year over year.

• Operating expenses excluding corporate costs, depreciation and amortization fell 13.3% year over year to $38.8 million; same-station expenses declined 5.8%.

• Operating income was $1.3 million, compared with $2.9 million in Q2 2025; reported station operating income was $5.3 million, or $7.2 million after severance and stock-compensation adjustments.

• Net income was $84.3 million, or $45.95 per diluted share, versus a $154,000 net loss, or $0.09 per diluted share, in Q2 2025.

• Q2 capital expenditures were $0.8 million; cash and equivalents were $6.7 million at June 30, 2026.

Outlook and guidance

• Q3 same-station revenue is expected to decline in the mid-single digits year over year; Q4 pacing was described as very strong, with minimal political risk at the time.

• May cost reductions are expected to generate ~$10.5 million in annualized savings, including ~$5 million of benefit in 2026, with most benefits in H2.

• Management expects current cash resources and anticipated cash flows to fund operations and meet covenant requirements for at least 12 months.