Recent Updates — BBGI
Beasley Broadcast Group received written notice from Nasdaq confirming it has regained compliance with the Minimum Stockholders’ Equity Requirement for continued listing on The Nasdaq Capital Market, closing the matter. This resolves a non-compliance notice issued on April 13, 2026, which cited a failure to maintain the required $2,500,000 in stockholders' equity under Listing Rule 5550(b)(1). The company's common stock continues to trade on Nasdaq under the ticker symbol BBGI. Beasley Broadcast Group operates in the radio broadcasting industry, owning and operating a portfolio of radio stations primarily in Florida.
Beasley Broadcast Group reported second quarter fiscal 2026 results on August 12, 2026. Net revenue decreased to $44.1 million from $53.0 million in the prior year period. The company recorded a net income of $84.3 million and diluted earnings per share of $45.95, driven primarily by a $91.8 million non-cash gain on debt restructuring completed on May 1, 2026. This transaction reduced total outstanding debt by $95 million. Adjusted EBITDA was $5.3 million, compared to $4.7 million in the prior year. The company operates radio stations and provides integrated marketing solutions across audio, digital, and event platforms.
Beasley Broadcast Group postponed reporting its financial results for the fiscal quarter ended June 30, 2026, and rescheduled the associated conference call to allow additional time to finalize tax accounting treatment related to refinancing and debt restructuring completed during that quarter. The company expects to hold the rescheduled call on or before Friday, August 14, 2026. Beasley Broadcast Group operates in the radio broadcasting industry, owning AM and FM stations across multiple U.S. markets.
Beasley Broadcast Group, Inc. entered into an Equity Distribution Agreement with Noble Capital Markets, Inc. to facilitate an at-the-market equity offering program for up to $5,235,810 million of Class A Common Stock. The program allows for periodic sales of shares via ordinary brokers' transactions on the Nasdaq Stock Market. Beasley Broadcast Group, Inc. operates in the broadcasting industry and provides radio and audio services.