Nexstar Broadcasting (NXST) Tops Q2 EPS by 16c

Nexstar Media Group Second Quarter Net Revenue Rises 5.5% to a Record $660.3 Million

August 8, 2018 7:06 AM EDT

Net Revenue Growth Drives Record 2Q Operating Income of $174.5 Million and Net Income of $86.6 Million

Record 2Q BCF of $257.5 Million, Adjusted EBITDA of $233.1 Million and Free Cash Flow of $148.2 Million, Inclusive of One-Time Transaction Expenses

Repurchases 250,000 Shares During Second Quarter

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (NASDAQ: NXST) (Nexstar or the Company) today reported record financial results for the second quarter ended June 30, 2018 as summarized below.

           

Summary 2018 Second Quarter Highlights

 

Three Months EndedJune 30,

Six Months Ended

June 30,

($ in thousands) 2018   2017 Change 2018   2017 Change Local Revenue $ 198,560 $ 209,594 (5.3 )% $ 391,828   $... More