Beasley Broadcast Group 2020 Third Quarter Net Revenue Rises 63.4% From Second Quarter Levels to $49.6 Million With Station Operating Income of $8.1 Million

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Go back to Beasley Broadcast Group 2020 Third Quarter Net Revenue Rises 63.4% From Second Quarter Levels to $49.6 Million With Station Operating Income of $8.1 Million

Beasley Broadcasting Group (BBGI) Tops Q3 EPS by 19c, Revenues Beat

November 3, 2020 7:15 AM EST

Beasley Broadcasting Group (NASDAQ: BBGI) reported Q3 EPS of ($0.08), $0.19 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $49.65 million versus the consensus estimate of $43 million.

Commenting on the financial results, Caroline Beasley, Chief Executive Officer, said, The strong recovery of our business continued in the third quarter of 2020. It is clear that the immediate actions we took to address the pandemic, including reducing station operating expenses, headcount reductions, furloughs, and negotiated discounts with landlords, service providers and partners have contributed to Beasleys ability to rebound quickly. This focus,... More