Beasley Broadcast Group Q1 2025 10-Q Filed
Ticker: BBGI · Form: 10-Q · Filed: 2025-05-08T00:00:00.000Z
Sentiment: neutral
Topics: debt, financials, reporting, broadcasting
Related Tickers: BBGI
TL;DR
**BBGI Q1 2025 10-Q: Notes due 2028, common stock details filed.**
AI Summary
Beasley Broadcast Group, Inc. filed its 10-Q for the period ending March 31, 2025. The filing details financial performance and operational updates for the first quarter of 2025. Key financial instruments mentioned include various senior secured notes due in 2028, with interest rates of 11.000% and 9.200%. The company also reported on its common stock classes and restricted stock units.
Why It Matters
This filing provides insight into Beasley Broadcast Group's financial health and debt structure as of early 2025, which is crucial for investors assessing the company's stability and future prospects.
Risk Assessment
Risk Level: medium — The company's reliance on debt financing, indicated by multiple senior secured notes, presents a medium risk level.
Key Numbers
- 11.000% — Senior Secured First Lien Notes Interest Rate (Indicates cost of debt for a portion of the company's borrowings.)
- 9.200% — Senior Secured Second Lien Notes Interest Rate (Indicates cost of debt for another portion of the company's borrowings.)
Key Players & Entities
- Beasley Broadcast Group, Inc. (company) — Filer of the 10-Q
- 20250331 (date) — End of reporting period
- 11.000% (dollar_amount) — Interest rate on Senior Secured First Lien Notes due 2028
- 9.200% (dollar_amount) — Interest rate on Senior Secured Second Lien Notes due 2028
- 2028 (date) — Maturity year for senior secured notes
FAQ
What was Beasley Broadcast Group's total revenue for the first quarter of 2025?
The provided text does not contain specific revenue figures for Q1 2025.
What is the principal amount of the 'ElevenPointZeroZeroZeroSeniorSecuredFirstLieuNotesDue2028Member'?
The filing excerpt does not specify the principal amount of these notes.
How does the company's digital segment performance compare to its audio segment for Q1 2025?
The filing mentions 'DigitalMember' and 'AudioMember' for Q1 2025 but does not provide comparative performance data.
What is the current market price of Beasley Broadcast Group's Class A common stock as of March 31, 2025?
The filing mentions 'CommonClassAMember' and 'CommonClassBMember' but does not include stock price information.
Are there any significant changes in the company's debt structure reported in this 10-Q?
The filing lists various senior secured notes due in 2028, indicating an ongoing debt structure, but does not detail significant changes within this excerpt.
From the Filing
0000950170-25-066442.txt : 20250508 0000950170-25-066442.hdr.sgml : 20250508 20250508084401 ACCESSION NUMBER: 0000950170-25-066442 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 57 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250508 DATE AS OF CHANGE: 20250508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEASLEY BROADCAST GROUP INC CENTRAL INDEX KEY: 0001099160 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] ORGANIZATION NAME: 06 Technology EIN: 650960915 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-29253 FILM NUMBER: 25924095 BUSINESS ADDRESS: STREET 1: 3033 RIVIERA DRIVE STREET 2: SUITE 200 CITY: NAPLES STATE: FL ZIP: 34103 BUSINESS PHONE: 9412635000 MAIL ADDRESS: STREET 1: 3033 RIVIERA DRIVE STREET 2: SUITE 200 CITY: NAPLES STATE: FL ZIP: 34103 10-Q 1 bbgi-20250331.htm 10-Q 10-Q --12-31 Q1 0001099160 false 1 http://fasb.org/srt/2024#ChiefExecutiveOfficerMember 0001099160 bbgi:TwoThousandSevenPlanMember 2025-03-31 0001099160 bbgi:AudioMember 2024-12-31 0001099160 bbgi:DigitalMember 2024-01-01 2024-03-31 0001099160 2025-01-01 2025-03-31 0001099160 us-gaap:CommonClassAMember 2025-03-31 0001099160 bbgi:DigitalMember 2025-03-31 0001099160 2024-09-23 2024-09-23 0001099160 bbgi:PromissoryNoteMember 2024-10-08 2024-10-08 0001099160 bbgi:ElevenPointZeroZeroZeroSeniorSecuredFirstLieuNotesDue2028Member 2024-01-01 2024-12-31 0001099160 us-gaap:NonrelatedPartyMember 2025-03-31 0001099160 us-gaap:FairValueInputsLevel2Member 2025-03-31 0001099160 us-gaap:RestrictedStockUnitsRSUMember bbgi:TwoThousandSevenPlanMember 2025-01-01 2025-03-31 0001099160 us-gaap:RelatedPartyMember 2025-03-31 0001099160 us-gaap:CommonClassAMember 2025-01-01 2025-03-31 0001099160 bbgi:AudioMember 2024-01-01 2024-03-31 0001099160 us-gaap:CommonClassBMember 2025-03-31 0001099160 bbgi:NinePointTwoZeroZeroPercentSeniorSecuredSecondLieuNotesDue2028Member 2025-03-31 0001099160 bbgi:NinePointTwoZeroZeroPercentSeniorSecuredSecondLieuNotesDue2028Member 2024-12-31 0001099160 us-gaap:GeneralAndAdministrativeExpenseMember 2025-01-01 2025-03-31 0001099160 us-gaap:SellingAndMarketingExpenseMember 2025-01-01 2025-03-31 0001099160 bbgi:NinePointTwoZeroZeroPercentSeniorSecuredSecondLieuNotesDue2028Member 2025-01-01 2025-03-31 0001099160 bbgi:DigitalMember 2024-12-31 0001099160 us-gaap:RestrictedStockUnitsRSUMember bbgi:TwoThousandSevenPlanMember 2024-12-31 0001099160 bbgi:TwoThousandSevenPlanMember srt:MaximumMember 2025-01-01 2025-03-31 0001099160 us-gaap:NonrelatedPartyMember 2024-12-31 0001099160 bbgi:ElevenPointZeroZeroZeroSeniorSecuredFirstLieuNotesDue2028Member 2025-01-01 2025-03-31 0001099160 bbgi:AudioAdvertisingMember 2025-01-01 2025-03-31 0001099160 us-gaap:CorporateMember 2024-12-31 0001099160 2024-10-08 2024-10-08 0001099160 us-gaap:RelatedPartyMember 2024-12-31 0001099160 us-gaap:SellingAndMarketingExpenseMember 2024-01-01 2024-03-31 0001099160 us-gaap:CommonClassAMember 2024-10-08 2024-10-08 0001099160 us-gaap:CommonClassAMember 2024-12-31 0001099160 bbgi:BroadcastMusicIncMember 2024-03-08 2024-03-08 0001099160 us-gaap:CommonClassBMember 2024-12-31 0001099160 us-gaap:CommonClassAMember 2025-05-01 0001099160 us-gaap:CommonClassBMember 2025-05-01 0001099160 bbgi:TwoThousandSevenPlanMember srt:MinimumMember 2025-01-01 2025-03-31 0001099160 bbgi:ElevenPointZeroZeroZeroSeniorSecuredFirstLieuNotesDue2028Member 2024-12-31 0001099160 bbgi:NinePointTwoZeroZeroPercentSeniorSecuredSecondLieuNotesDue2028Member 2024-10-08 2024-10-08 0001099160 us-gaap:StockCompensationPlanMember 2025-01-01 2025-03-31 0001099160 bbgi:NinePointTwoZeroZeroPercentSeniorSecuredSecondLieuNotesDue2028Member 2024-01-01 2024-12-31 0001099160 bbgi:ElevenPointZeroZeroZeroSeniorSecuredFirstLieuNotesDue2028Member 2025-03-31 0001099160 bbgi:DigitalAdvertisingMember 2024-01-01 2024-03-31 0001099160 us-gaap:CorporateMember 2025-03-31 0001099160 bbgi:TwoThousandSevenPlanMember us-gaap:CommonClassAM