Beasley Broadcasting Group (BBGI) Reports Preliminary Q4 Financial Results

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Beasley Broadcast Group Reports Preliminary Fourth Quarter Financial Results

January 14, 2021 8:00 AM EST

NAPLES, Fla., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (Nasdaq: BBGI) (Beasley or the Company), a multi-platform media company, today announced preliminary unaudited financial results for the three months ended December 31, 2020.

Beasley generated net revenue of approximately $67.4 million to $67.9 million for the three months ended December 31, 2020, compared to reported net revenue of $72.1 million for the three months ended December 31, 2019, representing a year-over-year decrease of between 5.8% and 6.5%. Beasleys estimated fourth quarter 2020 net revenue reflects a year-over-year decrease in commercial advertising revenue due to the ongoing... More