Nexstar Broadcasting (NXST) Misses Q4 EPS by 18c

Nexstar Media Group Fourth Quarter Net Revenue Rises 22.1% to a Record $798.0 Million

February 26, 2019 7:04 AM EST

Net Revenue Growth Drives Record 4Q Operating Income of $272.8 Million and Net Income of $154.5 Million

Record BCF of $379.9 Million, Adjusted EBITDA of $352.8 Million and Free Cash Flow of $249.9 Million

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (NASDAQ: NXST) (Nexstar or the Company) today reported record financial results for the fourth quarter and full year ended December 31, 2018 as summarized below.

Summary 2018 Fourth Quarter and Full Year Highlights

Three Months Ended December 31, Years Ended

December 31,

($ in thousands) 2018 2017 Change 2018 2017 Change Local Revenue $ 216,458 $ 219,714 (1.5 )% $ 797,709 $ 805,360 (1.0 )% National Revenue $ 81,910 $ 83,396 (1.8 )% $ 292,211 $ 302,657... More