Nexstar Earnings Reports

Nexstar Media Group achieved record net revenue of $1.49 billion in Q4 2024, reflecting a 14.1% year-over-year increase, mainly due to a surge in political advertising revenue. Net income reached $229 million, more than doubling from the prior year. Adjusted EBITDA rose by 39.9% to $628 million, while free cash flow increased by 67.8% to $411 million. The company continued reducing debt and returning capital to shareholders.

Nexstar Media Group reported record third quarter net revenue of $1.37 billion, driven by record distribution and advertising revenue, including all-time high political advertising revenue. The company made progress on its strategy for The CW, reducing operating losses. Nexstar returned capital to shareholders and reduced debt.

Nexstar Media Group reported record second quarter net revenue of $1.27 billion, driven by growth in distribution and advertising revenue. The company's net income increased to $106 million, and Adjusted EBITDA reached $398 million.

Nexstar Media Group reported record first quarter net revenues of $1.28 billion, resulting in a net income of $167 million, adjusted EBITDA of $542 million, and adjusted free cash flow of $403 million. The company saw growth in distribution revenue and reduced operating losses at The CW, contributing to the strong financial performance. Nexstar anticipates building momentum through 2024 with expected record-level political spending.

Nexstar Media Group reported Q4 2023 net revenue of $1.3 billion, operating income of $230 million, net income of $100 million, adjusted EBITDA of $411 million, and attributable free cash flow of $265 million. The company successfully renewed distribution agreements and managed shareholder returns through dividends and share repurchases.

Nexstar Media Group reported Q3 2023 results with a net revenue of $1.13 billion, a decrease compared to $1.27 billion in the prior year quarter. The decline was primarily due to a decrease in political advertising revenue and distribution revenue. Despite the revenue decrease, the company focused on returning capital to shareholders, repurchasing shares, and paying dividends.

Nexstar Media Group reported second quarter net revenue of $1.24 billion, which was essentially flat compared to the prior year quarter. The company's strong performance was attributed to the benefits of scale in company-wide relationships and decentralized local and business-unit management. Adjusted EBITDA was $331 million and attributable free cash flow was $100 million.

Nexstar Media Group reported record first-quarter net revenue of $1.26 billion, a 3.9% increase year-over-year. The growth was driven by distribution revenue and the acquisition of The CW. The company returned $225 million to shareholders through dividends and share repurchases.

Nexstar Media Group reported record fourth-quarter net revenue of $1.49 billion, a 19.3% increase year-over-year. The company's adjusted EBITDA increased by 19.8% to $598.2 million, and attributable free cash flow increased by 27.8% to $422.1 million. Excluding The CW Network, adjusted EBITDA increased by 32.5% to $661.8 million, and free cash flow increased by 38.7% to $458.1 million.

Nexstar Media Group reported record third-quarter financial results, with net revenue up 9.7% driven by strong growth in political advertising, distribution, and digital revenue. Adjusted EBITDA and free cash flow also reached record levels for the third quarter. The company returned a significant portion of its free cash flow to shareholders through dividends and share repurchases.

Nexstar Media Group reported record second-quarter financial results, including all-time high net revenue, Adjusted EBITDA, and free cash flow. The company saw strong year-over-year growth in political advertising, distribution, and digital revenues. Nexstar is reiterating its pro forma average annual free cash flow guidance of $1.4 billion over the 2022/2023 cycle.

Nexstar Media Group reported a strong start to 2022, delivering record first quarter financial results. The company exceeded expectations, generating all-time high net revenue and Adjusted EBITDA, as well as the highest quarterly free cash flow in the company's history. These results were driven by increases across all core and political advertising, distribution, and digital revenue sources.

Nexstar Media Group reported Q4 2021 financial results, with net revenue of $1.25 billion, a 9.5% decrease compared to the prior year quarter. However, core television advertising revenue increased by 4.3%, and digital revenue saw a significant increase of 56.3%. Adjusted EBITDA was $496 million, representing a 39.8% margin, and free cash flow was $327 million.

Nexstar Media Group reported record third-quarter net revenue of $1,157.0 million, driven by double-digit increases in core advertising, distribution, and digital revenue. The company's adjusted EBITDA was $410.4 million, with a 35.5% margin, and free cash flow was $251.7 million. Nexstar returned $173.6 million to shareholders through share repurchases and dividends.

Nexstar Media Group reported record second quarter net revenue of $1,131.6 million, driven by a faster and stronger-than-anticipated recovery in core advertising and continued double-digit distribution revenue growth. Net income was $199.8 million, and Adjusted EBITDA reached $418.8 million. The company raised its pro-forma average annual free cash flow guidance for the 2021/2022 cycle to approximately $1.33 billion.

Nexstar Media Group reported record first quarter net revenue of $1,113.9 million. The company's operating income was $284.9 million, net income was $199.2 million, adjusted EBITDA was $571.4 million, and free cash flow was $483.5 million.

Nexstar Media Group reported record fourth-quarter net revenue of $1.377 billion, a 25.1% increase year-over-year. The company achieved record operating income, net income, Adjusted EBITDA, and free cash flow. Nexstar allocated $224.3 million toward leverage reduction and repurchased $84.3 million of Class A common shares. They also initiated pro-forma average annual free cash flow guidance for the 2021/2022 cycle of $1.27 billion.

Nexstar Media Group reported record third quarter net revenue of $1,118.2 million, a 68.5% increase year-over-year. The company also achieved record operating income, net income, BCF, adjusted EBITDA, and free cash flow. The company allocated capital towards debt reduction and share repurchases, demonstrating its commitment to shareholder value.

Nexstar Media Group reported record second-quarter results, with net revenue, profitability, and cash flow metrics exceeding expectations. The company's diversified business model and expense management contributed to a 40.9% increase in net revenue and significant growth in broadcast cash flow, adjusted EBITDA, and free cash flow.

Nexstar Media Group reported a record first quarter with a 74.2% increase in net revenue to $1.1 billion. The company experienced strong growth in political advertising revenue and distribution revenue. However, due to the uncertainty caused by COVID-19, Nexstar withdrew its free cash flow guidance for the 2020/2021 cycle.

Nexstar Media Group reported record fourth-quarter net revenue of $1.1 billion, a 37.9% increase year-over-year, driven by growth in core advertising, distribution, and digital revenue, with significant contributions from the recent Tribune Media acquisition. The company's focus on integration and synergy realization led to strong financial results.