secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000950170-25-066362
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexstar Q1 net revenue $1.23B (-3.9%); net income $97M (-41.9%); dividend raised 10%
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- Net revenue $1.23B (-3.9% YoY); net income $97M (-41.9%); diluted EPS not reported.
- Adjusted EBITDA $381M (-15.7%); adjusted free cash flow $348M (-10.5%).
- Record distribution revenue $762M (+0.1%); advertising revenue $460M (-10.2%, political down $32M).
- Dividend raised 10% to $1.86/share quarterly; repurchased $75M stock in Q1.
- First lien net leverage 1.67x; total net leverage 2.93x; debt repayment $31M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000095017025066362/0000950170-25-066362-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000095017025066362/nxst-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-066362

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