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Naples-based multiplatform media company Beasley Broadcast Group experienced a $2.7 million net loss in the first quarter, or $1.50 per diluted share, according to an earnings report. That compares to an $8,000 net income during the same period last year. Beasley owns and operates 57 AM and FM stations across the country, including the Southwest Florida market. Net revenue during the first quarter decreased 10.1%, or 8.5% on a same-station basis, to $48.9 million, driven by declines in agency revenue due to ongoing softness in the advertising market, as well as revenue declines related to the closures of Guarantee Digital and the company’s esports division, company officials said. Adjusted EBITDA was $1.1 million in the first quarter, compared to $900,000 in the first quarter of 2024.

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