The first of the broadcast media industry quarterly earnings reports has arrived. And, for those in the radio business, C-Suite leaders may not be so pleased to see the Q4 2021 fiscal health report for Beasley Media Group.
While net revenue increased by 3.2%, far outpacing the 2% net revenue forecast, a 66.8% decline in operating income was registered by the owner of radio stations and an Overwatch League eSports franchise. As such, Beasley’s net income declined by two cents per share from Q4 2020.
Why? Unfair comps that require a look to two years ago are in order.
