Beasley Media Group has reported its first quarter financial results, and the company is dealing with a loss of revenue of during the first three months of 2025.
During January, February, and March, Beasley Media Group saw its revenue sit at $48.9 million. That’s down 10.1% compared to the $54.4 million the company saw last year during the same timeframe.
Audio revenue slipped to $38.2 million, a drop of 12% compared to last year. Digital revenue accounted for $10.8 million of the total figure, down just slightly from the $10.9 million it saw during 2024’s first quarter.
Beasley Media Group reported an operating loss of $2 million during the first quarter. That figure is an increase compared to the same window in 2024, when it lost $1.1 million.
The company’s Adjusted EBITDA was $1.1 million during the first quarter, compared to the $900,000 in the first quarter last year.
“Our first quarter results reflect the strength of our ongoing transformation and the resilience of our core strategy,” CEO Caroline Beasley said. “While revenue was impacted by persistent macroeconomic headwinds, we mitigated this through disciplined cost management, operational streamlining, and continued momentum in our digital business, resulting in an Operating Loss of $2.0 million and year-over-year Adjusted EBITDA growth. Digital revenue now represents over 20% of total revenue, and the meaningful expansion in digital segment operating income underscores the scalability of our platform and the impact of our strategic investments.
“As we look ahead, we remain focused on unlocking margin expansion, accelerating our digital evolution, and driving long-term value for our stockholders through thoughtful execution and innovation. We are particularly encouraged by the continued growth in our high-margin digital offerings and the early success of new digital and content initiatives. With a more agile operating structure, a differentiated content portfolio, and deepened advertiser engagement, we believe Beasley is well-positioned to navigate short-term market challenges while building a more durable and diversified revenue base.”
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