Nexstar Media (NXST) Tops Q1 EPS by 12c, Revenues Miss

Nexstar Media Group Reports Record First Quarter Net Revenue of $626.6 Million

May 8, 2019 7:04 AM EDT

Net Revenue Drives 1Q Operating Income of $127.1 Million, Net Income of $56.9 Million,

BCF of $207.7 Million, Adjusted EBITDA of $178.4 Million and Free Cash Flow of $120.4 Million

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (NASDAQ: NXST) (Nexstar or the Company) today reported financial results for the first quarter ended March 31, 2019 as summarized below.

Summary 2019 First Quarter Highlights

Three Months Ended March 31, ($ in thousands) 2019 2018 Change Local Revenue $ 188,166 $ 193,268 (2.6 )% National Revenue $ 63,678 $ 67,045 (5.0 )% Political Revenue $ 1,307 $ 9,266 (85.9 )% Television Ad Revenue $ 253,151 $ 269,579... More