Beasley Broadcast Group, Inc.

For Q1, management reported net revenue of $41.3 million and later clarified same-station revenue at $42.6 million, down 13% year over year. Station operating income was $418,000 versus $3.7 million last year; adjusted EBITDA was approximately negative $375,000 versus $1.1 million in the prior-year quarter, and cash interest expense was about $3.3 million. Total expenses were $45.7 million, down about $3.6 million year over year, and capital expenditures were $700,000. At quarter-end, total debt was about $218 million and cash was about $6.4 million. Guidance-wise, Beasley expects second-quarter revenue to be down in the mid- to high single digits on a same-station basis; May and June are pacing similarly to where April began.

Caroline Beasley framed the quarter around three priorities: rebuilding core local direct revenue, scaling a higher-margin digital business, and deleveraging the balance sheet. She highlighted the Fort Myers sale, the second lien exchange, first lien repurchases, and the new ABL as foundational steps that improve flexibility and liquidity. Her tone was constructive but realistic: she described Q1 as a business in transition and said the company is focused on execution consistency, not short-term fixes.

Ilana Goldstein emphasized that the quarter’s lower profitability was driven mainly by revenue declines, even as expenses came down. She pointed to total expenses of $45.7 million, corporate expenses of $3.5 million, adjusted EBITDA of negative $375,000, cash interest expense of about $3.3 million, and capex of $700,000. She also noted that the quarter-end debt balance was about $218 million and cash was about $6.4 million, while stressing that the capital structure changed materially after the May 1 restructuring and that the key financial standard is translating revenue growth into SOI improvement.

There was no analyst Q&A on the call, and management explicitly said they did not receive any questions. The prepared remarks, however, addressed likely investor concerns: near-term revenue softness, uneven market performance, and the time needed for operational changes to show up in results. Management said the main focus remains local direct sales execution, digital mix improvement, and continued debt reduction.