secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0000950170-25-028342
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000095017025028342/0000950170-25-028342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000095017025028342/nxst-20250227.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-028342

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer