Beasley Broadcasting Group Inc. (NASDAQ:BBGI) shares continued to trade lower on Friday after plummeting during the premarket session. Traders, it appears, locked in gains, even while the broader tape is constructive.
Nasdaq futures are up 0.25% while S&P 500 futures have gained 0.16%, setting up a risk-on backdrop that BBGI is currently moving against.
Recent Earnings Snapshot
The multi-platform media company reported a quarterly loss of $105.40 per share. Compare that with a loss of $1.17 per share in the same period last year, and it’s clear that losses widened significantly.
Sales for the quarter totaled $53.050 million, down 21.1% year-over-year on weakness in the traditional agency advertising market.
Adjusted EBITDA rose significantly to $10.7 million from $0.8 million in year-ago quarter.
According to CEO Caroline Beasley, the company’s sale of WPBB in Tampa, which closed in the third quarter of 2025, and the subsequent sale of our Fort Myers market earlier this year, generated approximately $26 million in proceeds.
She expects to reduce the company’s second lien debt by approximately 50% and repay roughly $15 million of its first lien debt.
Beasley anticipates that total outstanding debt will be reduced to approximately $110 million from …