Company Overview - Beasley Media Group's future growth will be driven by operational efficiency in its core business and expansion of its digital capabilities[12] - The company operates in 12 US markets[13] - The company's multimedia platform enables local businesses to maximize audience reach[28] Financial Performance - Q2 2025 - Total net revenue was $53 million[47] - Digital revenue accounted for 25% of total net revenue[23] - Same-station digital revenue grew by 81% year-over-year[23] - Station Operating Income (SOI) was $82 million[47] - Adjusted EBITDA was $47 million[47] Revenue Mix - Audio revenue for Q2 2025 was $398 million[23] - Digital revenue for Q2 2025 was $132 million[22] - Local advertisers accounted for 76% of Q2 2025 revenue[25]

Core Points - Saga Communications, Inc. will release its Q2 2025 results on August 7, 2025, at 9:00 a.m. EDT, followed by a conference call at 11:00 a.m. EDT [1] - The company encourages inquiries to be submitted via email by 10:00 a.m. EDT on the same day for discussion during the conference call [1] - The earnings release will include non-GAAP financial measures such as station operating income and trailing 12-month consolidated EBITDA, with reconciliations to GAAP measures provided [2] - Saga operates in 28 markets with a portfolio of 82 FM and 32 AM radio stations, focusing on expanding its core radio business through digital and e-commerce initiatives [3]

Core Viewpoint - Saga Communications, Inc. reported a net revenue decrease of 4.3% to $24.2 million for Q1 2025 compared to $25.3 million in Q1 2024, with an operating loss of $2.3 million, slightly improved from a loss of $2.4 million in the previous year [1][2]. Financial Performance - Net revenue for the same-station basis decreased by 6.6% to $23.6 million, while station operating expenses decreased by 5.0% to $21.3 million [2]. - The company experienced a net loss of $1.6 million for the quarter, consistent with the same period last year, and diluted loss per share was $0.25 [1][14]. Capital Expenditures and Dividends - Capital expenditures for the quarter were $700 thousand, down from $1.1 million in the same period last year [1]. - The company paid a quarterly dividend of $0.25 per share, totaling approximately $1.6 million, and has paid over $137 million in dividends since 2012 [5]. Balance Sheet and Cash Flow - As of March 31, 2025, the company had $27.0 million in cash and short-term investments, which increased to $27.2 million by May 5, 2025 [6]. - The company expects to spend approximately $4.0 to $4.5 million on capital expenditures during 2025 [6]. Future Outlook - Revenue pacing for Q2 2025 remains uncertain but shows improvement, with April down high single digits, May down low single digits, and June approximately flat compared to the same period last year [3]. - The company anticipates additional legal and proxy contest expenses in the second quarter due to a potential proxy contest initiated by a shareholder [4].

Core Viewpoint - Beasley Broadcast Group reported a decline in net revenue and an operating loss for the first quarter of 2025, primarily due to a soft advertising market and the closure of certain divisions, despite some growth in digital revenue and strategic cost management efforts [1][3][5]. Financial Performance - Net revenue for the three months ended March 31, 2025, was $48.9 million, a decrease of 10.1% from $54.4 million in the same period of 2024 [2][3]. - The operating loss increased to $2.0 million in Q1 2025 from a loss of $1.1 million in Q1 2024, driven by a $5.5 million reduction in net revenue [4]. - The net loss for the first quarter of 2025 was approximately $2.7 million, or $1.50 per diluted share, compared to a net income of $8 thousand, or $0.01 per diluted share, in Q1 2024 [5][21]. - Adjusted EBITDA for Q1 2025 was $1.1 million, up from $0.9 million in Q1 2024, reflecting the benefits of strategic streamlining initiatives [6]. Revenue Breakdown - Revenue from new business accounted for 18% of net revenue, while local revenue, including digital packages sold locally, represented 71% of total revenue [7]. - Digital revenue was $10.8 million, comparable to the first quarter of 2024, but increased by 6% year-over-year on a same-station basis, accounting for 22% of net revenue [7][8]. - The digital segment operating margin was reported at 18%, indicating a strong performance in this area [8]. Strategic Initiatives - The company emphasized its ongoing transformation and resilience in its core strategy, focusing on cost management and digital business growth to navigate macroeconomic challenges [7][8]. - Management expressed optimism about the scalability of its digital platform and the impact of strategic investments on long-term value creation for shareholders [8].

Company Announcement - Saga Communications, Inc. will release its 1st Quarter 2025 results on May 8, 2025, at 9:00 a.m. EDT [1] - A conference call will be held on the same date at 11:00 a.m. EDT, with specific dial-in numbers provided [1] - Inquiries for the conference call should be submitted via email by 10:00 a.m. EDT on May 8, 2025 [1] Financial Information - The earnings release will include non-GAAP financial measures such as station operating income, trailing 12-month consolidated EBITDA, and same station financial information [2] - A reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures will be provided in the earnings release [2] Company Overview - Saga is a media company focused on acquiring, developing, and operating broadcast properties, with an emphasis on enhancing its core radio business through digital, e-commerce, and local online news services [3] - The company operates in 28 markets, owning or operating 82 FM and 32 AM radio stations, along with 79 metro signals [3]

Core Points - Saga Communications, Inc. will release its Q1 2025 results on May 8, 2025, at 9:00 a.m. EDT, followed by a conference call at 11:00 a.m. EDT [1] - The company encourages inquiries to be submitted via email by 10:00 a.m. EDT on the same day for discussion during the conference call [1] - The earnings release will include non-GAAP financial measures such as station operating income and trailing 12-month consolidated EBITDA, with reconciliations to GAAP measures provided [2] Company Overview - Saga Communications is a media company focused on acquiring, developing, and operating broadcast properties, with an emphasis on enhancing its core radio business through digital, e-commerce, local online news services, and non-traditional revenue initiatives [3] - The company operates in 28 markets, owning or operating 82 FM and 32 AM radio stations, along with 79 metro signals [3]