Nexstar Q1 2024: record net revenue $1.28B, net income up 90% to $167M, dividend raised 25%

NEXSTAR MEDIA GROUP, INC.

2024-Q1 EPS reported $5.16 revenue$1,284,000,000

Net revenue $1.284B (+2.1%); net income $167M (+89.8%); Adjusted EBITDA $542M (+9.3%).
Distribution revenue all-time high $761M (+4.5%); advertising $512M (-1%) with political $39M.
The CW losses reduced $50M YoY; primetime ratings up two sequential quarters.
Dividend increased 25% to $1.69/share; $111M stock buyback (666,574 shares at ~$166.11).
Sold BMI stake for $40M gross; adopted separation of Chair and CEO roles effective after Sook departure.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEXSTAR MEDIA GROUP, INC. reported the quarter ended March 31, 2024 results: revenue $1.28 billion, net income $167 million.

Period: the quarter ended March 31, 2024
Revenue: $1.28 billion
Net income: $167 million
Result: reported results

Exact text from the filing

an ATSC 3.0, or NextGen TV, signal from a Nexstar owned or operated station following the Chicago and San Diego market launches. Net Revenue. Record first quarter net revenue of $1.28 billion, increased by $27 million, or 2.1%, reflecting growth in distribution revenue, partially offset by a slight decline in advertising and other revenue. Approximately 59% of

View on SEC.gov

1053 earnings releases filed in the last 30 days. Browse all earnings releases →

NEXSTAR MEDIA GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-134753

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.