Beasley Reports Q4 And 2018 Revenues

Beasley has reported Q4 2018 net revenue of $75.6 million, up from $58.5 million in the same period last year. Operating income and net income, meanwhile, hit $13.9 million (-40.3%) and $2.1 million (-97%), respectively. Additionally, 2018 year-end net revenue for Beasley was $257.5 million, up from $232.2 million in 2017. "Our records 2018 fourth quarter and full year revenue and strong operating results, despite the benefit of non-cash transaction related and tax items in the 2017 period, highlight the value being created as we execute strategies to expand our scale, diversify our revenue mix and leverage the value of our local brands in our core and ancillary verticals," says Beasley CEO Caroline Beasley. More here.