Beasley Broadcast | 10-Q: FY2025 Q3 Revenue: USD 50.98 M

Revenue: As of FY2025 Q3, the actual value is USD 50.98 M.

EPS: As of FY2025 Q3, the actual value is USD -1.97.

EBIT: As of FY2025 Q3, the actual value is USD -644.75 K.

Segment Revenue

• Audio Segment: Revenue decreased by 18.9% from $46,889,920 in Q3 2024 to $38,030,320 in Q3 2025.
• Digital Segment: Revenue increased by 14.6% from $11,300,196 in Q3 2024 to $12,946,726 in Q3 2025.

Operational Metrics

• Operating Income (Loss): The Audio segment reported an operating loss of -$971,165 in Q3 2025, compared to an operating income of $5,806,559 in Q3 2024. The Digital segment reported an operating income of $2,710,763 in Q3 2025, compared to a loss of -$87,952 in Q3 2024.
• Net Loss: The company reported a net loss of $3,556,703 in Q3 2025, compared to a net loss of $3,560,575 in Q3 2024.

Cash Flow

• Net Cash Used in Operating Activities: Increased from -$2,241,342 in the nine months ended September 30, 2024, to -$5,312,411 in the same period in 2025.
• Net Cash Provided by Investing Activities: Increased from $3,399,736 in the nine months ended September 30, 2024, to $6,878,372 in the same period in 2025.

Unique Metrics

• Gain on Repurchase of Long-Term Debt: The company recorded a gain of $525,000 in 2025 from the repurchase of long-term debt.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue focusing on its core audio and digital segments, with an emphasis on managing expenses and optimizing revenue streams. The company expects to receive $18.0 million from asset sales in the first quarter of 2026, which will be used for working capital, debt service, and other corporate purposes.
• Non-Core Business: The company has entered into agreements to sell assets in Fort Myers, FL, which are expected to close in the first quarter of 2026, marking an exit from the Fort Myers-Naples market.