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Beasley Broadcast Group made $42.8 million in sales last quarter, down 16.1%, and lost $12.1 million.

ResultsRead the original at SEC EDGAR
Bad for BBGI

BBGI's revenue and losses worsened as advertising stayed weak. Cost cuts, stronger digital margins, and lower debt help, but they do not outweigh the sharp sales drop and larger quarterly loss.

BBGI · Beasley Broadcast Group, Inc.

AI read · Bad for BBGI

The AI's read

Weak advertising and lower digital sales hurt BBGI's business. Cost cuts helped, and the digital business kept more of each sales dollar. But sales fell, losses widened, and its adjusted profit measure shrank. Lower debt and asset-sale proceeds help the company, but they do not outweigh the broad decline in quarterly results.

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