Beasley Media Group has issued its earnings report for Q3 2026.

Beasley noted that local revenue, including radio and digital packages sold locally, accounted for 76% of the company’s revenue but was down 6% from Q3 2025. Digital revenue overall accounted for 23% of net revenue (24% without political) and was $9.8 million total down 24% from last year and 12% on a same-station basis. Digital segment operating margin was 32%, up from 21% one year ago.

Beasley said that the net revenue of $42.8 million was down 16.1% overall and 10.2% on a same-station basis “reflecting continued weakness in traditional national and local agency advertising.” The declines were partially offset by a 7% increase in local direct revenue on a same-station basis and contributions from political advertising. The company’s operating expenses excluding corporate expenses, depreciation and amortization, declined approximately $7.0 million, or 15.1% year-over-year, “reflecting the continued benefits of structural cost reduction initiatives implemented over the past two years”.

The company stated, “During the third quarter of 2026, Beasley continued to advance its strategic priorities of rebuilding core revenue, expanding digital profitability, and strengthening its balance sheet through disciplined deleveraging and portfolio optimization. Building on the comprehensive debt restructuring completed in May, the Company raised gross proceeds of approximately $4.6 million through a registered direct offering and concurrent private placement in September. Subsequent to quarter-end, Beasley completed the sale of two radio stations and two parcels of real estate, generating more than $10 million in net proceeds for the four assets sold. These actions further strengthened the Company’s financial position, reducing the outstanding principal amount of first-lien notes to approximately $3.6 million and providing additional flexibility to execute its long-term operating strategy.”

CEO Caroline Beasley commented, “While the advertising environment remains challenging, our third-quarter results demonstrate the tangible progress we are making in building a more efficient and financially resilient company. The structural cost reductions implemented over the past two years are helping us protect profitability amid continued revenue pressure, while our digital business is generating stronger operating margins. We are encouraged by the growth in local direct advertising and remain focused on rebuilding revenue, improving sales productivity, and expanding the higher-margin products and services that we believe will support sustainable growth. Looking ahead, our priorities remain clear: stabilize and rebuild core revenue, expand digital profitability, improve free cash flow generation, and continue reducing leverage. While there is more work ahead, we believe the actions we have taken have established a stronger operating and financial foundation. As we enter the next phase of our transformation, we remain focused on translating these improvements into more consistent financial performance and creating long-term value for our stockholders.”