In this study, photometry was conducted for the W UMa type eclipsing binary BB Peg through V and R Johnson filters during several nights in September and October 2016. The light curves were obtained at Dr. Mojtahedi Observatory, of the University of Birjand, Iran. Data reduction was performed using IRIS software. Orbital parameters were obtained by analyzing the light curves using PHOEBE software. The radial velocity information was then used to obtain the absolute parameters of the system. Some minimum light times were obtained forthe system and variations in the orbital period of BB Peg were analyzed by adding the new minimum light times to the O-C diagram to obtain a new ephemeris for the system. The period change appeared to be due to the light-time effect. A justifiable fit was obtained using the third and fourth stars. However, this fit was not confirmed and it may need revision when further data are obtained. The variation could be attributed to other sources, such as magnetic cycles or non-conservative mass transfer from the system.