Earnings Labs

Beasley Broadcast Group, Inc. (BBGI)

Q4 2012 Earnings Call· Tue, Feb 5, 2013

$21.00

-5.94%

Key Takeaways · AI generated
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Same-Day

-0.41%

1 Week

+6.20%

1 Month

+22.93%

vs S&P

+20.03%

Transcript

Operator

Operator

Good day, and welcome to the 2012 Fourth Quarter Results for Beasley Broadcast Group Conference Call. This call is being recorded. At this time, I would like to turn the call over to Caroline Beasley. Please go ahead.

Caroline Beasley

Management

Thank you, Nicole. And good morning. Welcome to the Beasley Broadcast Group Fourth Quarter 2012 Webcast. Before beginning, I'd like to emphasize that this webcast will contain forward-looking statements about our future performance and results of operations that involve risks and uncertainties described in the Risk Factors section of our most recent Form 10-K. Today’s webcast will also contain a discussion of certain non-GAAP financial measures within the meaning of Item 10 of Reg S-K. A reconciliation of these non-GAAP measures with their most directly comparable financial measures, calculated and presented in accordance with GAAP, can be found in this morning’s news announcement. I'd also remind listeners that, following its completion, a replay of today's webcast can be accessed for 5 days on our website. My remarks this morning will primarily focus on the fourth quarter, the full year, our balance sheet and our markets. However, before getting into the numbers, I am very pleased to announce that we have entered into an agreement with Big Machine Label Group. This agreement will align our business interests in both over-the-air and digital radio. I want to thank Scott Borchetta of Big Machine and Bob Pittman in Clear Channel and David Field of Entercom for paving the way for record companies and broadcasters to work together in this manner. I'm confident and encouraged that we will continue to forge new relationships by focusing on the future and not dwelling on the past. So moving on into the numbers. Actual net revenue for the quarter increased 9.1% and same-station net revenue increased 5.7%. Fourth quarter same-station numbers excludes net revenue, station operating expense and SOI from KOAS in Las Vegas, which we acquired in August of 2012. So for the quarter, the revenue increase was primarily due to strength in; Philly, Vegas, Fort…

Operator

Operator

Once again, ladies and gentlemen, that concludes today's conference. We appreciate your participation today.