Nexstar posts record Q4 net revenue of $1.49B, net income $229M; guides 2025 EBITDA $1.5B-$1.595B

NEXSTAR MEDIA GROUP, INC.

2024-FY EPS reported $21.41 revenue$5,407,000,000

Q4 net revenue $1.488B (+14.1% YoY) driven by $254M political ad revenue (+$223M YoY).
Q4 net income $229M (margin 15.4%), adjusted EBITDA $628M (margin 42.2%), adjusted free cash flow $411M.
Distribution revenue $714M (+1.4%); returned $230M to shareholders in Q4, $820M in 2024 (68% of adj. FCF).
Reduced shares outstanding by 8.9% in 2024; net leverage 2.91x; repaid $327M debt during the year.
Full-year 2025 adjusted EBITDA guidance range $1.5B-$1.595B; dividend increased for 12th consecutive year.

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