Nexstar Broadcasting (NXST) Tops Q1 EPS by 2c

Nexstar Broadcasting First Quarter Net Revenue Rises 26.7% to a Record $255.7 Million

May 3, 2016 7:04 AM EDT

Net Revenue Growth Drives 1Q Operating Income of $57.9 Million up 52.8%, BCF of $98.1 Million up 29.5%, Adjusted EBITDA of $82.3 Million up 28.4%, and Free Cash Flow of $52.1 Million up 21.3%

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) (Nexstar or the Company) today reported record financial results for the first quarter ended March 31, 2016 as summarized below.

 

Summary 2016 First Quarter Highlights

        Three Months Ended March 31,     ($ in thousands) 2016   2015

 

Change

Local Revenue $ 93,767 $ 84,524 +10.9 % National Revenue $ 35,450 $ 35,578 (0.4 )% Core Revenue $ 129,217 $ 120,102 +7.6 %   Political Revenue $... More