Beasley Broadcast Group Appoints New Chief Financial Officer
New CFO Appointment: Beasley Broadcast Group has appointed Lauren Burrows Coleman as the new Chief Financial Officer, effective November 1, 2024, succeeding retiring Marie Tedesco.
Strategic Leadership: Coleman's extensive experience from Wayfair is expected to enhance Beasley's strategic direction and adaptability in the evolving media landscape.
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Planet Labs Shares Rise Approximately 16%; Check Out 20 Stocks Making Moves in Premarket Trading
Planet Labs Performance: Planet Labs PBC shares surged 16.4% to $15.15 in pre-market trading after reporting third-quarter revenue of $81.25 million, exceeding analyst expectations, and raising its FY26 sales guidance.
Other Gainers: Several stocks saw significant pre-market gains, including Agape ATP Corporation (+152.3%), WORK Medical Technology Group (+38.4%), and Galaxy Payroll Group (+37.8%).
Notable Losers: Stocks that experienced sharp declines include Kaival Brands (-40%), Beasley Broadcast Group (-35.3%), and Oxford Industries (-25.6%) after reporting disappointing financial results.
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with notable movements influenced by recent earnings reports and guidance updates.
BEASLEY BROADCAST GROUP REPORTS THIRD QUARTER REVENUE OF $51.0 MILLION
Third Quarter Financial Performance: Beasley Broadcast Group reported a net revenue decrease of 12.4% to $51.0 million for Q3 2025, with an operating loss of approximately $300,000 compared to a profit of $1.2 million in the same quarter last year.
Digital Revenue Growth: Digital revenue increased by 14.6% year-over-year, accounting for 25% of total net revenue, while local revenue made up 79% of net revenue, indicating a shift towards digital and local advertising.
Cost Reduction Initiatives: The company has successfully reduced total operating and corporate expenses by $15 million year-to-date, enhancing organizational efficiency and positioning for better returns on revenue.
Future Outlook: CEO Caroline Beasley emphasized a focus on disciplined execution and strengthening the balance sheet through planned asset sales, despite ongoing challenges in the traditional advertising market.
Beasley Broadcast Group to Announce Third Quarter 2025 Financial Results and Hold Conference Call and Webcast on November 10
Financial Results Announcement: Beasley Broadcast Group, Inc. will report its third quarter financial results for 2025 on November 10, 2025, before the market opens.
Conference Call Details: A conference call and webcast will be held at 11:00 a.m. ET on the same day, with access available via phone or the company's website.
Question Submission: Analysts and investors can submit questions via email until 9:00 a.m. ET on November 10, and management will address as many as possible during the call.
Company Overview: Founded in 1961, Beasley Broadcast Group operates 54 radio stations across the U.S., reaching nearly 19 million consumers weekly through various platforms.
Beasley Revenue Falls 12% in Fiscal Q2
Financial Performance Overview: Beasley Broadcast Group reported a 12.3% decline in net revenue to $53 million for Q2 2025, primarily due to falling traditional audio advertising, while digital segment revenue grew slightly by 1.3%, now making up 25% of total revenue.
Strategic Initiatives and Challenges: The company is focusing on digital growth and cost control measures, including divesting certain radio stations, but faces ongoing challenges with advertiser acquisition and cash generation amid a competitive landscape and macroeconomic uncertainties.
Beasley Broadcast Group Inc. Q2 Loss Decreases
Financial Performance: Beasley Broadcast Group Inc. reported a second-quarter loss of -$0.2 million, improving slightly from a loss of -$0.3 million the previous year, with earnings per share at -$0.09 compared to -$0.18 last year.
Revenue Decline: The company's revenue decreased by 12.3% to $53 million, down from $60.4 million last year, attributed to ongoing challenges in the traditional audio advertising market.
BEASLEY BROADCAST GROUP REPORTS SECOND QUARTER REVENUE OF $53.0 MILLION
Financial Performance Overview: Beasley Broadcast Group reported a net revenue of $53.0 million for Q2 2025, down 12.3% from the previous year, with an operating income of $2.9 million and a net loss of $0.2 million. The decline in revenue was attributed to softness in the traditional audio advertising market, although digital revenue grew by 1.3% year-over-year.
Strategic Initiatives and Future Outlook: CEO Caroline Beasley highlighted ongoing efforts to reshape the business for long-term profitability, focusing on high-margin digital offerings and cost reduction strategies. The company announced pending sales of certain stations as part of its strategy to strengthen its balance sheet and streamline operations.
Planet Labs Shares Rise Approximately 16%; Check Out 20 Stocks Making Moves in Premarket Trading
Planet Labs Performance: Planet Labs PBC shares surged 16.4% to $15.15 in pre-market trading after reporting third-quarter revenue of $81.25 million, exceeding analyst expectations, and raising its FY26 sales guidance.
Other Gainers: Several stocks saw significant pre-market gains, including Agape ATP Corporation (+152.3%), WORK Medical Technology Group (+38.4%), and Galaxy Payroll Group (+37.8%).
Notable Losers: Stocks that experienced sharp declines include Kaival Brands (-40%), Beasley Broadcast Group (-35.3%), and Oxford Industries (-25.6%) after reporting disappointing financial results.
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with notable movements influenced by recent earnings reports and guidance updates.
BEASLEY BROADCAST GROUP REPORTS THIRD QUARTER REVENUE OF $51.0 MILLION
Third Quarter Financial Performance: Beasley Broadcast Group reported a net revenue decrease of 12.4% to $51.0 million for Q3 2025, with an operating loss of approximately $300,000 compared to a profit of $1.2 million in the same quarter last year.
Digital Revenue Growth: Digital revenue increased by 14.6% year-over-year, accounting for 25% of total net revenue, while local revenue made up 79% of net revenue, indicating a shift towards digital and local advertising.
Cost Reduction Initiatives: The company has successfully reduced total operating and corporate expenses by $15 million year-to-date, enhancing organizational efficiency and positioning for better returns on revenue.
Future Outlook: CEO Caroline Beasley emphasized a focus on disciplined execution and strengthening the balance sheet through planned asset sales, despite ongoing challenges in the traditional advertising market.
Beasley Broadcast Group to Announce Third Quarter 2025 Financial Results and Hold Conference Call and Webcast on November 10
Financial Results Announcement: Beasley Broadcast Group, Inc. will report its third quarter financial results for 2025 on November 10, 2025, before the market opens.
Conference Call Details: A conference call and webcast will be held at 11:00 a.m. ET on the same day, with access available via phone or the company's website.
Question Submission: Analysts and investors can submit questions via email until 9:00 a.m. ET on November 10, and management will address as many as possible during the call.
Company Overview: Founded in 1961, Beasley Broadcast Group operates 54 radio stations across the U.S., reaching nearly 19 million consumers weekly through various platforms.
Beasley Revenue Falls 12% in Fiscal Q2
Financial Performance Overview: Beasley Broadcast Group reported a 12.3% decline in net revenue to $53 million for Q2 2025, primarily due to falling traditional audio advertising, while digital segment revenue grew slightly by 1.3%, now making up 25% of total revenue.
Strategic Initiatives and Challenges: The company is focusing on digital growth and cost control measures, including divesting certain radio stations, but faces ongoing challenges with advertiser acquisition and cash generation amid a competitive landscape and macroeconomic uncertainties.
Beasley Broadcast Group Inc. Q2 Loss Decreases
Financial Performance: Beasley Broadcast Group Inc. reported a second-quarter loss of -$0.2 million, improving slightly from a loss of -$0.3 million the previous year, with earnings per share at -$0.09 compared to -$0.18 last year.
Revenue Decline: The company's revenue decreased by 12.3% to $53 million, down from $60.4 million last year, attributed to ongoing challenges in the traditional audio advertising market.
BEASLEY BROADCAST GROUP REPORTS SECOND QUARTER REVENUE OF $53.0 MILLION
Financial Performance Overview: Beasley Broadcast Group reported a net revenue of $53.0 million for Q2 2025, down 12.3% from the previous year, with an operating income of $2.9 million and a net loss of $0.2 million. The decline in revenue was attributed to softness in the traditional audio advertising market, although digital revenue grew by 1.3% year-over-year.
Strategic Initiatives and Future Outlook: CEO Caroline Beasley highlighted ongoing efforts to reshape the business for long-term profitability, focusing on high-margin digital offerings and cost reduction strategies. The company announced pending sales of certain stations as part of its strategy to strengthen its balance sheet and streamline operations.
