Q4 2022 Beasley Broadcast Group Inc Earnings Call Transcript
Greetings, and welcome to Beasley Broadcast Group Fourth Quarter 2022 Earnings Call. (Operator Instructions)
As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Caroline Beasley, Chief Executive Officer. Please proceed.
Thank you, Latanya. Good morning, everyone, and thank you for joining us to review our fourth quarter and full year results. Marie Tedesco, our CFO, is with me this morning.
We're happy to share that our fourth quarter results showed year-over-year improvements in revenue, SOI and the continued growth we are achieving on our digital side. Our digital revenue, political revenue and new business initiatives were the primary drivers to the quarter.
Overall net revenue increased to 1.8%, in line with the guidance we provided when we reported Q3 of a projected flat to slightly up quarter. Breaking down the revenue increase, over-the-air local spot increased 1.9% and national increased 6.1%, and this is
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