COMP <GO>

BBGI vs FENG // 10Y YIELD & FRED MACRO BETA

Beasley Broadcast Group Inc. (Class A) (NASDAQ) VS. Phoenix New Media Limited each representing 48 . (Class A) (NYSE) • 15-METRIC TALLY: BBGI 0 — FENG 2

■ METRIC PARITY

BBGI — Beasley Broadcast Group Inc. (Class A) ROARABLE E • RQD 22/100

LAST: $6.25 (-4.94%) • MKT CAP: $12.8M

DES <GO> FA <GO> 10-K RED <GO>

macro-sensitivity

—

FENG — Phoenix New Media Limited each representing 48 . (Class A) ROARABLE D • RQD 49/100

LAST: $1.41 (+1.86%) • MKT CAP: $16.9M

DES <GO> FA <GO> 10-K RED <GO>

macro-sensitivity

—

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BBGI VS. FENG) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	BBGI	FENG	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-35.00%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	—	—	TIE	/fcf-yield <GO>
Operating Margin	-60.00%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	-60.00%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	-14.30%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	0.20	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	—	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	18.8	49.8	-31.00	FENG	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$12.8M	$16.9M	-$4.1M	FENG	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	BBGI REV	FENG REV	BBGI GROSS %	FENG GROSS %	BBGI FCF	FENG FCF
FY 2025	$205.9M	—	—	—	-$13.3M	—
FY 2024	$240.3M	—	—	—	-$6.7M	—
FY 2023	$247.1M	—	—	—	-$4.7M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

BBGI // BETA —

FENG // BETA —