Overview
Beasley Q2 revenue falls 12.3% yr/yr to $53.0 mln
Adjusted EBITDA drops to $4.7 mln from $8.8 mln in prior-year period
Says top-line impacted by advertising softness and ongoing sales execution challenges
Outlook
Beasley launching new self-serve platform in Q3
Result Drivers
ADVERTISING SOFTNESS - Revenue decline attributed to continued softness in traditional audio advertising market
DIGITAL GROWTH - Digital revenue increased 1.3% yr/yr, now making up 25% of total revenue
COST REDUCTION - Significant cost reductions implemented, though not enough to offset revenue decline
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $53 mln |
|
Q2 EPS |
| -$0.09 |
|
Q2 Net Income |
| -$200,000 |
|
Q2 Operating Income |
| $2.90 mln |
|
Press Release: ID:nPnhNhG4a