The massive impairment charge reflects deep-seated industry pressures on traditional radio. While digital growth and cost cuts are positive, the fundamental business model is under severe stress. The announced debt reduction is necessary but doesn't address core revenue decline.
Price Chart
Executive Summary
Beasley Broadcast Group reported a significant net loss of $190.1 million for Q4 2025, primarily due to a $224.8 million non-cash FCC license impairment charge. Despite a 21.1% year-over-year revenue decline to $53.1 million, the company highlighted progress in digital revenue and cost reductions.
Key Financial Metrics
Key Facts
- Q4 2025 net revenue was $53.1 million, down 21.1% year-over-year
- Reported a net loss of $190.1 million, or $105.40 per share, compared to a net loss of $2.1 million in Q4 2024
- Recorded a $224.8 million non-cash FCC license impairment charge
- Digital revenue increased 9.7% year-over-year to $12.6 million
- Company announced a debt exchange transaction to reduce second lien debt by 50% and repay $15 million of first lien debt
Financial Impact
Net loss of $190.1 million driven by $224.8 million non-cash impairment
Risk Factors
- Continued secular decline in traditional advertising revenue
- Risk of further asset impairments
- High debt levels despite announced restructuring
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-146436 |
| Document: bbgi-20260408.htm | 0001193125-26-146436 |
| Document: 0001193125-26-146436-index-headers.html | 0001193125-26-146436 |
| Document: 0001193125-26-146436-index.html | 0001193125-26-146436 |
| Document: 0001193125-26-146436.txt | 0001193125-26-146436 |
| 8-K Data (Synthetic) | 0001193125-26-146436 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | SC 13D/A | $10.37 $10.07 | ▼ −2.89% | ▼ −3.44% | $7.10 (−31.53%) |
Sep 30, 2026 26d ago | 8-K | $11.23 $11.08 | ▲ +1.34% | ▲ +2.08% | $7.10 (+36.78%) |
Sep 29, 2026 27d ago | 424B5 | $12.85 $11.23 | ▲ +12.61% | ▲ +12.79% | $7.10 (+44.75%) |
Sep 24, 2026 4w ago | 8-K | $15.29 $14.59 | ▼ −4.58% | ▼ −3.83% | $7.10 (−53.56%) |
Aug 12, 2026 10w ago | 8-K | $24.70 $22.59 | ▲ +8.54% | ▲ +8.34% | $7.10 (+71.26%) |
Aug 12, 2026 10w ago | Press Release | $24.70 $22.59 | ▲ +8.54% | ▲ +8.34% | $7.10 (+71.26%) |
Aug 11, 2026 10w ago | Press Release | $21.73 | awaiting T+1 | — | $7.10 (−67.33%) |
Aug 10, 2026 11w ago | 8-K | $21.87 $22.29 | ▼ −1.92% | ▼ −2.24% | $7.10 (+67.54%) |
Aug 9, 2026 11w ago | Press Release | $21.87 | awaiting T+1 | — | $7.10 (−67.54%) |
Aug 3, 2026 12w ago | Press Release | $26.04 $24.72 | ▼ −5.07% | ▼ −4.87% | $7.10 (−72.73%) |
US Market Status
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