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Tuesday, May 4, 2021 | TALKERS magazine - The bible of talk media : TALKERS magazine – The bible of talk media

Beasley Broadcast Group â parent of Beasley Media Group â reveals a decline in net revenue of 17.8%, from $57.7 million in Q1 2020 to $48.2 million in Q1 2021. While station operating income was down, $5.2 million compared to $6.7 million in Q1 2020, Beasley greatly reduced its operating loss from $7.1 million in the first quarter of 2020 to $2.5 million in the first quarter of 2021. Beasley CEO Caroline Beasley says, âBeasley reported 2021 first quarter financial results consistent with the expectations we outlined when we reported the 2020 fourth quarter, as our strong revenue growth in the first two months of the comparable 2020 period, prior to the onset of the pandemic, created a difficult year-over-year comparison. Though we continued to

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Naples-based Beasley Broadcast had a tough Q1 but is hopeful for future

Naples-based radio operator Beasley Broadcast Group reported wider losses for the first quarter. The company lost $10.6 million in the quarter, or 36 cents a share. That compared to losses of $8.8 million, or 32 cents a share, a year ago. Company executives attributed the larger losses to several factors, including lower revenues, due to the lingering impacts from the coronavirus pandemic, which continues to stifle business in some parts of the country. Revenues fell to $48.2 million in the quarter, down nearly 16.5% from $57.7 million last year. The company brought in less revenue from commercial and political advertising, as well as from its other usual sources, including events.

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Beasley Broadcast Group: Q1 Earnings Insights

Company s 52-week low was at $1.15 Price action over last quarter: Up 7.55% Company Overview Beasley Broadcast Group Inc is a radio broadcasting company, engaged in operating radio stations throughout the United States. It operates radio stations including FM and AM radio stations located in large and mid-sized markets in the United States. The company owns and operates radio stations in the following radio markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, West Palm Beach-Boca Raton, FL, and Wilmington, DE. It is also a multi-platform, marketing solutions provider that offers on-air, online, and mobile and social media applications. The main source of revenue is the sale of advertising.

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AMC Entertainment Holdings (AMC), Beasley Broadcasting Group (BBGI), ChinaNet Online Holdings (CNET), Consolidatedmmunications Holdings (CNSL), CREATD INC CMN STK (CRTD), Luokung Technology (LKCO), Marcus Corp (MCS), Pearson Plc (PSO), Liquid Media Group Ltd - Common Shares (YVR) - 12 Communication Services Stocks Moving In Tuesday s After-Market Session
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What Does Beasley Broadcast Group s Debt Look Like?

Shares of Beasley Broadcast Group (NASDAQ:BBGI) increased by 92.96% in the past three months. Before having a look at the importance of debt, let us .

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