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Mar 31, 2025
Nexstar Q1 2025 Earnings Report
Nexstar Media Group reported solid first quarter 2025 results with net revenue of $1.23 billion, net income of $97 million, and adjusted EBITDA of $381 million.
Key Takeaways
Nexstar Media Group delivered solid first quarter results, driven by record distribution revenue and disciplined expense management. The company reported net revenue of $1.23 billion, net income of $97 million, and adjusted EBITDA of $381 million. Despite a decrease in political advertising revenue, distribution revenue saw a slight increase, and the company continued its strategic initiatives including debt repayment, dividends, and stock repurchases.
Net Revenue for Q1 2025 was $1.23 billion, a decrease of 3.9% year-over-year.
Net Income for Q1 2025 was $97 million, a decrease of 41.9% compared to the prior year quarter.
Adjusted EBITDA was $381 million, a decrease of 15.7% from the prior year quarter.
Record first quarter distribution revenue of $762 million was achieved, a slight increase of 0.1% year-over-year.
Revenue by Segment
Forward Guidance
Nexstar remains focused on renewing distribution contracts, achieving profitability at The CW, preparing for the 2026 political cycle, and pursuing deregulation.
Positive Outlook
- Focused on renewing distribution contracts representing approximately 60% of subscriber base for the year.
- Continuing path towards profitability at The CW.
- Preparing for the 2026 political cycle.
- Pursuing deregulation initiatives.
- Strategic use of strong balance sheet for potential acquisitions.
Challenges Ahead
- No specific negative forward guidance was provided in the statement.
- Potential impact of changes in national and regional economies.
- Ability to service and refinance outstanding debt.
- Pricing fluctuations in local and national advertising.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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