Beasley Media Group reported a 6.7% net revenue decrease in Q1 2026 from the same quarter in 2025.
Beasley’s revenue dropped to $42.6 million with the company noting “persistent weakness in the traditional agency advertising market that was partially offset by the continued expansion of our high-margin, owned-and-operated direct digital revenues.” Beasley reported an operating income of $7.7 million up from a loss of $0.3 million last year primarily from the closing of the sale of its Fort Myers FL cluster. The company’s net income was approximately $3.2 million compared to a loss of $2.7 million in Q1 2025. Adjusted EBITDA was negative $0.4 million in the first quarter of 2026, compared to $1.1 million in the first quarter of 2025.
Beasley also noted that revenue from new business accounted for 11% of net revenue. Local revenue, including digital packages sold locally, accounted for 75% of net revenue. Digital revenue was $10.7 million, flat year-over-year and an 18.2% increase on a same-station basis with it accounting for 25% of the company’s net revenue.
Beasley CEO Caroline Beasley said, “While first quarter results continued to reflect pressure in certain legacy advertising categories and an uneven pace of recovery across our markets, we made meaningful progress against the strategic priorities we outlined over the past year. Importantly, we continue to see strong momentum in digital, particularly in our owned and operated products, which grew year-over-year on a same station basis and now represent an increasingly important contributor to both revenue quality and long-term profitability. Markets with stronger digital adoption continue to demonstrate greater revenue stability, reinforcing our confidence in the long-term direction of the business.”
She continued, “On May 1st, we took significant steps to strengthen our balance sheet and improve financial flexibility. Through the completion of our second lien restructuring, repurchase of a portion of our first lien notes, establishment of a new asset-based lending facility, and the continued execution of our portfolio optimization strategy, we meaningfully improved our capital structure and liquidity position. These actions provide additional runway and flexibility as we continue executing our operating and deleveraging strategy. We remain focused on disciplined execution as we move through 2026,” Beasley continued. “Our priorities are clear: stabilize and rebuild local direct revenue, continue scaling higher-margin digital products, improve conversion from revenue to station operating income, and further reduce leverage over time. While macroeconomic conditions remain challenging, we believe the operational and financial actions we are taking today are positioning the Company for a more durable and profitable long-term future.”
