earnings
confidence high
sentiment positive
materiality 0.75
Nexstar reports Q4 net revenue $1.3B, adjusted EBITDA $411M, issues 2024 guidance $2.085-2.195B
NEXSTAR MEDIA GROUP, INC.
2023-FY EPS reported
$9.64
revenue$4,933,000,000
- Q4 net revenue $1.304B, down 12.3% YoY; distribution revenue up 14.3% to $704M.
- Q4 GAAP net income $100M, adjusted EBITDA $411M (31.5% margin), attributable FCF $265M.
- Full-year 2023: revenue $4.933B, adjusted EBITDA $1.469B, FCF $847M.
- FY 2024 adjusted EBITDA guidance: $2.085B to $2.195B.
- Returned $137M to shareholders in Q4 via buybacks and dividends; reduced shares by 8.7% in 2023.