Beasley Broadcast Group (BBGI) reported second-quarter 2026 net revenue of $44.1 million, compared with $53.0 million in the prior-year period. Net income was $84.3 million, or $45.95 per diluted share, driven by a non-cash gain on extinguishment of debt following debt restructuring and repurchase actions.
The company said it reduced total outstanding debt by $95 million and implemented about $10 million of additional annualized expense reductions during the quarter. Beasley scheduled a conference call and webcast for August 12, 2026, at 6:00 p.m. ET.
- Net revenue was $44.1 million for the three months ended June 30, 2026.
- Net income was $84.3 million, versus a net loss of $0.2 million a year earlier.
- Diluted EPS was $45.95, compared with a diluted loss per share of $0.09 in the prior-year quarter.
- Digital revenue was $11.7 million and accounted for 26% of net revenue.
- Local revenue, including digital packages sold locally, accounted for 74% of net revenue and grew 9% year over year.
- Adjusted EBITDA was $5.3 million, compared with $4.7 million in the prior-year period.
$BBGI Hedge Fund Activity
We have seen 6 institutional investors add shares of $BBGI stock to their portfolio, and 12 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HRT FINANCIAL LP removed 25,805 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $86,188
- T3 COMPANIES, LLC added 25,800 shares (+inf%) to their portfolio in Q2 2026, for an estimated $677,250
- OSAIC HOLDINGS, INC. removed 20,108 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $67,160
- GEODE CAPITAL MANAGEMENT, LLC removed 13,581 shares (-61.1%) from their portfolio in Q2 2026, for an estimated $356,501
- METLIFE INVESTMENT MANAGEMENT, LLC added 12,689 shares (+2010.9%) to their portfolio in Q1 2026, for an estimated $42,381
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 10,321 shares (+inf%) to their portfolio in Q1 2026, for an estimated $34,472
- NORTHERN TRUST CORP removed 10,124 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $33,814
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
