Beasley Media Group has announced its third-quarter financial results, and the company reported a downturn in overall revenue during the period.
During the months of July, August, and September, Beasley Media Group shared that it saw its net revenue for the quarter drop 12.4% compared to the prior year, down to $51 million. The company noted that those revenue figures were in line with the guidance it shared earlier in the year.
Despite the overall revenue decrease, the company says it saw a 14.6% year-over-year uptick in the digital sector to $13 million. That figure represented 25% of the overall net revenue for Beasley Media Group.
In total, the company reported a net loss of $300,000 during the quarter, down from the $1.2 million in income it saw during the same period in 2024.
“Our third-quarter results demonstrate continued operational discipline,” said Beasley Media Group CEO Caroline Beasley. “While advertising demand remains challenging, particularly within agency channels, the quality of our revenue mix continues to strengthen, led by sustained growth and record margins in our digital business. Digital revenue now represents roughly one-quarter of total company revenue, with owned-and-operated products driving margin expansion and scalability.
“At the same time, our cost-reduction initiatives are yielding tangible, lasting benefits,” she continued. “We’ve reduced total station operating and corporate expenses by $15 million year-to-date, while improving organizational efficiency and positioning Beasley to generate higher returns on every dollar of revenue. As we move into the fourth quarter, we remain focused on disciplined execution, strengthening our balance sheet through planned asset sales, and advancing our strategy to deliver sustainable shareholder value.”
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