Edited Transcript of BBGI earnings conference call or presentation 7-Nov-19 3:00pm GMT [Yahoo! Finance News]
Beasley Broadcast Group, Inc. - Class A (BBGI)
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Source: Yahoo! Finance News
Edited Transcript of BBGI earnings conference call or presentation 7-Nov-19 3:00pm GMT Now looking past the revenue line, our strategic accretive acquisitions, combined with our focus on margins and synergy realizations, drove a 12.7% increase in reported third quarter SOI to $16.7 million. Third quarter SOI was also strong on a pro forma and same-station basis, rising by 4.6% and 6%, respectively. Moving on, we're pleased with our results from XTU as the station generated a 16% year-over-year revenue increase on a pro forma basis. With the return of a heritage country station to our Philly cluster, we drove pro forma third quarter revenue increases in the market of 5.4% or $800,000, and we had a revenue share of just over 28% in the third quarter and 29% year-to-date. And one of the reasons we targeted this acquisition last year was the prior experience and successes that we had with this format in Philly. And I would like to congratulate our teams in Philly and at WXTU for a job wel
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