Beasley Broadcast Group Fourth Quarter Net Revenue Increases 89.1% to $53.7 Million; Pro-Forma Net Revenue Rises to $65.8 Million Reflecting Partial Quarter Contribution From Newly Acquired Stations

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Go back to Beasley Broadcast Group Fourth Quarter Net Revenue Increases 89.1% to $53.7 Million; Pro-Forma Net Revenue Rises to $65.8 Million Reflecting Partial Quarter Contribution From Newly Acquired Stations

Beasley Broadcasting Group (BBGI) Reports Q4 EPS of $1.57

March 21, 2017 7:17 AM EDT

Beasley Broadcasting Group (NASDAQ: BBGI) reported Q4 EPS of $1.57, versus $0.14 reported last year. Revenue for the quarter came in at $53.7 million, versus $28.4 million reported last year.

Commenting on the financial results, Caroline Beasley, Chief Executive Officer, said, The fourth quarter was both productive and transitional as our revenue, SOI and net income growth reflects two months of operations of the Greater Media stations, solid industry fundamentals, including the benefit of political advertising, strength across our platform of legacy Beasley stations and high levels of operating discipline.

On a stand-alone basis, Beasley legacy station revenue increased... More