---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-021647"
form_type: "8-K"
ticker: "NXST"
cik: "0001142417"
company_name: "NEXSTAR MEDIA GROUP, INC."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:03:31.707451+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nexstar reports Q4 net revenue $1.3B, adjusted EBITDA $411M, issues 2024 guidance $2.085-2.195B

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-021647
- form_type: 8-K
- ticker: NXST
- cik: 0001142417
- company_name: NEXSTAR MEDIA GROUP, INC.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1142417/000095017024021647/0000950170-24-021647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1142417/000095017024021647/nxst-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-021647
- JSON: https://secwatch.observer/filing/0000950170-24-021647.json
- Plain text: https://secwatch.observer/filing/0000950170-24-021647.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.