Aug. 13 at 12:42 PM
Noble Capital Markets Research Report: Beasley Broadcast Group (
$BBGI) – Q2 EBITDA Beat Validates Re-Margin Strategy
Q2 results highlight meaningful operating leverage. Second-quarter revenue was
$44.1 million, while Adjusted EBITDA of
$5.3 million was well above our previous
$2.2 million estimate. We believe the results provide encouraging evidence that recent cost actions are materially improving EBITDA conversion despite continued pressure on traditional advertising.
Read full report here: https://www.channelchek.com/news-channel/beasley-broadcast-group-bbgi-q2-ebitda-beat-validates-re-margin-strategy