Overview

* Beasley Q2 revenue falls 12.3% yr/yr to $53.0 mln

* Adjusted EBITDA drops to $4.7 mln from $8.8 mln in prior-year period

* Says top-line impacted by advertising softness and ongoing sales execution challenges

Outlook

* Beasley launching new self-serve platform in Q3

Result Drivers

* ADVERTISING SOFTNESS - Revenue decline attributed to continued softness in traditional audio advertising market

* DIGITAL GROWTH - Digital revenue increased 1.3% yr/yr, now making up 25% of total revenue

* COST REDUCTION - Significant cost reductions implemented, though not enough to offset revenue decline

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $53 mln

Revenue

Q2 EPS -$0.09

Q2 Net -$200,00

Income 0

Q2 $2.90

Operatin mln

g Income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)