Earnings Call Summary | Beasley Broadcast Group(BBGI.US) Q4 2023 Earnings Conference
Earnings Call Summary | Beasley Broadcast Group(BBGI.US) Q4 2023 Earnings Conference
The following is a summary of the Beasley Broadcast Group, Inc. (BBGI) Q4 2023 Earnings Call Transcript:
以下是比斯利廣播集團公司（BBGI）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Beasley Broadcast Group's Q4 net revenue decreased 8.7%, to $65.7 million, while full-year revenue decreased 3.6% to $247.1 million.
Operating expenses for the quarter decreased 3.3% year-over-year, and stationary operating income (SOI) declined by $4.3 million compared to Q4 2022.
Full-year operating expenses declined by $5 million, largely due to wage reductions, partially offset by increased third-party digital expenses and investment in cybersecurity.
Operating income increased by $39.3 million to $7.6 million compared to a loss of $31.7 million in the year-ago quarter.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q4 was $4.7 million, a drop of 52% from the prior year quarter, while the full-year EBITDA decreased 18% compared to 2022.
The company ended the year with total debt of $267 million, reflecting the impact of a $20 million bond buyback within Q4.
比斯利廣播集團第四季度淨收入下降8.7％，至6,570萬美元，而全年收入下降3.6％，至2.471億美元。
與2022年第四季度相比，該季度的運營支出同比下降3.3％，固定營業收入（SOI）下降了430萬美元。
全年運營支出下降了500萬美元，這主要是由於工資削減，但部分被第三方數字支出和網絡安全投資的增加所抵消。
營業收入增長了3,930萬美元，達到760萬美元，而去年同期的虧損爲3,170萬美元。
第四季度扣除利息、稅項、折舊和攤銷前的收益（EBITDA）爲470萬美元，比上一季度下降了52％，而全年息稅折舊攤銷前利潤與2022年相比下降了18％。
該公司的總債務爲2.67億美元，反映了第四季度2,000萬美元債券回購的影響。
Business Progress:
業務進展：
Consumer services remained the largest revenue category, despite a year-over-year drop of 10.1%. The company saw a 17.1% increase in the quarter for entertainment, its second-largest category.
There were increases in the auto sector at their Boston, Philadelphia, Augusta, and Fayetteville clusters and a 70% increase in the auto category from their digital agency.
Through reducing headcount and managing digital and cybersecurity expenses, the company was successful in controlling costs.
For 2024, Beasley Broadcast Group's projected capital expenditures range from $4 million to $5 million.
儘管同比下降了10.1％，但消費服務仍然是最大的收入類別。該公司的第二大類別娛樂業在本季度增長了17.1％。
他們的波士頓、費城、奧古斯塔和費耶特維爾集群的汽車行業有所增長，其數字機構的汽車類別增長了70％。
通過裁員和管理數字和網絡安全支出，該公司成功地控制了成本。
2024年，比斯利廣播集團的預計資本支出從400萬美元到500萬美元不等。
More details: Beasley Broadcast Group IR
更多詳情： 比斯利廣播集團 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。