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Mar 31
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.
Nexstar
Nexstar
Nexstar Revenue by Segment
Revenue by Segment
Distribution Revenue
CapyFin.comAdvertising Revenue
CapyFin.comOther Revenue
CapyFin.com 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.
- Competition from others in the broadcast television markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income