BEASLEY BROADCAST GROUP REPORTS THIRD QUARTER REVENUE OF $42.8 MILLION

(NASDAQ:BBGI) Beasley Broadcast Group, Inc. reported operating results for the three-month period ended September 30, 2026. Net revenue for the third quarter of 2026 was $42.8 million, down from $51.0 million in the same period of 2025. For the nine months ended September 30, 2026, net revenue was $129.5 million, compared to $152.9 million in 2025. Operating loss for the third quarter of 2026 was $12.8 million, compared to a loss of $0.5 million in the prior year period. Net loss for the third quarter of 2026 was $12.1 million, compared to a net loss of $3.6 million in the third quarter of 2025. Net income per diluted share was $(6.51) for Q3 2026, compared to $(1.97) in Q3 2025. Adjusted EBITDA for the third quarter of 2026 was $1.3 million, down from $3.9 million in the prior year period. Digital revenue for the quarter was $9.8 million, representing a 24% year-over-year decline and a 12% decline on a same-station basis. Digital revenue accounted for 23% of net revenue, or 24% excluding political revenue. Digital segment operating margin improved to 32% in Q3 2026, up from 21% in Q3 2025. Local revenue, including digital packages sold locally, accounted for 76% of net revenue and declined 6% year-over-year. Revenue from new business represented 14% of net revenue. Operating expenses, excluding corporate expenses, depreciation and amortization, declined by approximately $7.0 million, or 15.1% year-over-year, to $39,120,809 in Q3 2026 from $46,084,806 in Q3 2025. On a same-station basis, operating expenses declined by approximately $3.7 million. Station Operating Income for the quarter was approximately $3.6 million, with an SOI margin of 8.5%. Corporate expenses were $3.9 million in Q3 2026, compared to $2.2 million in Q3 2025, with nonrecurring items excluded corporate expenses at $2.8 million. The company raised gross proceeds of approximately $4.6 million through a registered direct offering and concurrent private placement in September 2026. After quarter-end, Beasley completed the sale of two radio stations and two parcels of real estate, generating more than $10 million in net proceeds. These actions reduced the outstanding principal amount of first-lien notes to approximately $3.6 million. Depreciation and amortization expense for Q3 2026 was $1,616,541. FCC licenses impairment losses for Q3 2026 were $13,066,200. Gain on dispositions for Q3 2026 was $2,048,166. Interest expense for Q3 2026 was $1,305,212. The company continues to focus on rebuilding core revenue, expanding digital profitability, and strengthening its balance sheet through deleveraging and portfolio optimization.

BEASLEY BROADCAST GROUP REPORTS SECOND QUARTER REVENUE OF $44.1 MILLION

(NASDAQ:BBGI) Beasley Broadcast Group, Inc. announced operating results for the three-month period ended June 30, 2026. Net revenue for the second quarter of 2026 was $44,125,702, and operating income was $1,331,575. Net income for the quarter was $84,293,430, with diluted net income per share of $45.95. Adjusted EBITDA for the second quarter of 2026 was $5,300,000. The company reduced total outstanding debt by $95 million, including a 46% reduction in its second lien debt. Digital revenue was $11.7 million, accounting for 26% of net revenue and a 7.1% increase on a same-station basis. Operating expenses declined 13.2% year-over-year, and the company implemented approximately $10 million of additional annualized expense reductions during the quarter.

Beasley Broadcast Group Announces Postponement of Reporting of Q2 2026 Financial Results and Date of Conference Call and Webcast

(NASDAQ:BBGI) Beasley Broadcast Group, Inc. announced that it will postpone the reporting of its Q2 2026 financial results and the date of the conference call and webcast to allow additional time to finalize the tax accounting treatment relating to the refinancing and debt restructuring that the Company completed during Q2 2026. The Company will make a further announcement in a subsequent press release to reschedule the date and time of the conference call and webcast to review its Q2 2026 financial results. Beasley Broadcast Group, Inc. was founded in 1961 by George G. Beasley and owns a total of 49 AM and FM stations in 9 large- and mid-size markets in the United States. Beasley radio stations reach roughly 18 million unique consumers weekly over-the-air, online and on smartphones and tablets. Millions regularly engage with the Company's brands and personalities through digital platforms such as Facebook, X, text, apps and email. The company expects the rescheduled conference call and webcast will be held on or before Friday, August 14, 2026. The company completed refinancing and debt restructuring during Q2 2026.

BEASLEY BROADCAST GROUP REPORTS FIRST QUARTER REVENUE OF $42.6 MILLION

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) announced its operating results for the three-month period ended March 31, 2026. Net revenue decreased 12.9% to $42,588,735, while operating income improved to $7,694,720 from a loss in the prior year quarter. The company reported net income of $3,214,790, or $1.77 per diluted share, compared to a net loss of $2,689,821, or $1.50 per diluted share, in the prior year. Digital revenue was $10,700,000, accounting for 25% of net revenue, and the digital segment operating margin was 15.5%. The company completed the sale of all stations operated within Fort Myers, FL, and took steps to strengthen its balance sheet, including a second lien restructuring and establishment of a new asset-based lending facility.

Beasley Broadcast Group Announces Settlement of Previously Announced Exchange Offer and Tender Offer

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) announced the settlement of its previously announced offers, including an exchange offer for its 9.200% Senior Secured Second Lien Notes due 2028, a cash tender offer for up to $15,899,000 of its 11.000% Senior Secured First Lien Notes due 2028, and a solicitation of consents. Approximately $184,056,000 of Existing Second Lien Notes were exchanged into $98,475,254 of 2027 PIK Notes. The company completed the purchase of $15.9 million of Existing First Lien Notes, with $15.0 million remaining outstanding. Supporting Holders representing 98.7% of Existing First Lien Notes and 76.5% of Existing Second Lien Notes supported the offers, and the TSA Minimum Participation Condition was waived.

Beasley Broadcast Group Extends Early Second Lien Tender Date, Exchange Offer Withdrawal Deadline, Tender Offer Expiration Date, First Lien Consent Solicitation Expiration Date, Exchange Offer Expiration Date, Tender Offer Settlement Date and the Exchange Offer Settlement Date of Previously Announced Exchange Offer and Tender Offer

Beasley Broadcast Group, Inc. announced key dates related to its financial transactions, including the Early Second Lien Tender Date, the Exchange Offer Withdrawal Deadline, the Tender Offer Expiration Date, and the First Lien. The announcement was made on April 23, 2026. The company is identified as a multi-platform media company and is listed on Nasdaq under the ticker BBGI. The announcement was released from Naples, Fla. These dates are significant for investors tracking the company's debt and exchange offer activities.