Company Overview - Beasley Media Group's future 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] - Beasley campaigns deliver 30%+ higher intent to purchase when combining radio and digital[20] Revenue Performance - Audio revenue reached $38 million in Q3 2025[22] - Digital revenue reached $129 million in Q3 2025[23] - Digital revenue accounted for 25% of total net revenue in Q3 2025[24] - Same-station digital revenue grew by 285% year-over-year in Q3 2025[24] - Local advertisers make up 79% of the company's revenue[26] Financial Metrics - Total net revenue was $51 million in Q3 2025[48] - Capital expenditures (CAPEX) amounted to $22 million in Q3 2025[48] - Station Operating Income (SOI) was $49 million in Q3 2025[48] - Adjusted EBITDA was $39 million in Q3 2025[48] - Cash and cash equivalents totaled $143 million[48]

Core Viewpoint - Saga Communications, Inc. is set to release its Q3 2025 financial results on November 6, 2025, and will hold a conference call to discuss the results and answer selected inquiries from stakeholders [1][2]. 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, 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. The company operates in 28 markets, owning or operating 82 FM and 31 AM radio stations, along with 79 metro signals [3].

Core Viewpoint - Saga Communications, Inc. will present at the Noble Capital Markets' Emerging Growth Virtual Equity Conference on October 8, 2025, featuring a Q&A session with a senior analyst [1] 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 [2] - The company operates in 28 markets, owning or managing 82 FM and 31 AM radio stations, along with 79 metro signals [2] Noble Capital Markets Overview - Noble Capital Markets, established in 1984, is a full-service investment bank and advisory firm, registered with SEC/FINRA, known for its award-winning research team and proprietary investor distribution platform [3] - Over the past 40 years, Noble has raised billions of dollars for companies and published more than 45,000 equity research reports [3]

Core Points - Saga Communications, Inc. has increased its Board of Directors to eight members with the appointment of Gregg Sutherland [1][3] - Gregg Sutherland has a strong background in strategy consulting and corporate governance, having served as a Senior Partner at Ernst & Young and held various board positions [2] - The company aims to reduce the Board size back to seven members at the 2026 Annual Shareholder Meeting [3] Company Overview - Saga Communications is focused on acquiring, developing, and operating broadcast properties, with an emphasis on enhancing its core radio business through digital and e-commerce initiatives [4] - The company operates in 28 markets, managing 82 FM and 31 AM radio stations, along with 79 metro signals [4]

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 Viewpoint - Beasley Broadcast Group reported a decline in net revenue and operating income for the second quarter of 2025, primarily due to softness in the traditional audio advertising market, although there was growth in high-margin digital revenue [3][4][7]. Financial Performance - Net revenue for the three months ended June 30, 2025, was $53.0 million, a decrease of 12.3% from $60.4 million in the same period of 2024 [2][3]. - Operating income was $2.9 million, down from $5.4 million year-over-year, attributed to a $7.4 million decline in net revenue [4][5]. - The company reported a net loss of approximately $0.2 million, or $0.09 per diluted share, compared to a net loss of $0.3 million, or $0.18 per diluted share, in the prior year [5][23]. - Adjusted EBITDA was $4.7 million, down from $8.8 million in the second quarter of 2024 [6][23]. Revenue Breakdown - Digital revenue increased by 1.3% year-over-year to $13.2 million, accounting for 25% of total revenue [8][9]. - Local revenue, including digital packages sold locally, represented 76% of net revenue [8]. - Revenue from new business accounted for 14% of net revenue, down from 17% in Q2 2024 [8]. Strategic Focus - The company is shifting focus from agency-driven business to more scalable and profitable direct revenue streams, emphasizing high-margin digital offerings [3][7]. - Management highlighted the importance of disciplined capital and cost management while investing in differentiated content and digital infrastructure [7][9]. Operational Changes - Beasley announced the pending sales of WPBB in Tampa and five stations in Ft. Myers as part of efforts to streamline its portfolio [9]. - The digital segment operating margin was reported at 27% [8]. Market Context - The decline in revenue reflects ongoing challenges in the traditional audio advertising market, which has been impacted by broader economic conditions [3][4].

Core Insights - Saga Communications, Inc. reported a net revenue decrease of 5.0% to $28.2 million for Q2 2025 compared to $29.7 million in Q2 2024 [1] - The company experienced a net loss of $447 thousand for the six-month period ended June 30, 2025, compared to a net income of $924 thousand for the same period last year [3][21] - Operating income for Q2 2025 was $1.4 million, down from $2.1 million in Q2 2024, while station operating income decreased by 6.4% to $6.0 million [1][15] Financial Performance - For the quarter ended June 30, 2025, net revenue on a same station basis decreased by 6.4% to $27.6 million, with station operating expenses also down by 6.4% to $21.7 million [2] - For the six-month period, net revenue decreased by 4.7% to $52.4 million, while station operating expenses decreased by 3.4% to $44.2 million [3][4] - The company reported diluted earnings per share of $0.18 for Q2 2025, compared to $0.40 for Q2 2024 [15][21] Capital Expenditures and Dividends - Capital expenditures for Q2 2025 were $1.3 million, down from $1.5 million in Q2 2024, and for the six-month period, capital expenditures totaled $2.0 million compared to $2.6 million last year [1][3] - The company paid a quarterly dividend of $0.25 per share on June 27, 2025, totaling approximately $1.6 million, and has paid over $138 million in dividends since 2012 [6] Strategic Initiatives - Saga is in non-binding negotiations to sell some of its tower sites, with anticipated proceeds in the high 7 figure or low 8 figure range, and is also assessing the sale of other non-core assets [7] - The company plans to use a portion of the proceeds from asset sales to fund stock buybacks [7] Balance Sheet - As of June 30, 2025, the company had $24.9 million in cash and short-term investments, which increased to $27.3 million by August 4, 2025 [8] - The company expects to spend approximately $3.0 to $3.5 million on capital expenditures during 2025 [8]

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].