Nexstar Broadcasting (NXST) Tops Q2 EPS by 9c

Nexstar Broadcasting Second Quarter Net Revenue Rises 50.6% to a Record $221.3 Million

August 6, 2015 7:01 AM EDT

Net Revenue Growth Drives Record 2Q Operating Income of $52.5 Million up 50.4%,

Adjusted EBITDA of $74.9 Million up 51.0%, and Free Cash Flow of $50.1 Million up 64.8%

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) (Nexstar or the Company) today reported record financial results for the second quarter ended June 30, 2015 as summarized below.

 

Summary 2015 Second Quarter Highlights

 

($ in thousands)

   

Three Months EndedJune 30,

    Six Months Ended

June 30,

2015   2014   Change   2015   2014   Change Local Revenue $ 93,991   $ 70,461 +33.4 % $ 178,515   $ 136,103 +31.2 % National Revenue $ 38,793     $ 26,075   +48.8 % $ 74,371     $ 53,264   +39.6 % Core Revenue $ 132,784 $ 96,536 +37.5 % $ 252,886 $ 189,367 +33.5 %   Political Revenue $ 1,906 $ 6,746 (71.7 )% $ 2,266 $ 10,749 (78.9 )% Retransmission Fee Revenue $ 69,719 $ 34,960 +99.4 % $ 136,283 $ 70,089 +94.4 %... More