Nexstar Media (NXST) Tops Q4 EPS by 86c, Revenues Beat

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Go back to Nexstar Media (NXST) Tops Q4 EPS by 86c, Revenues Beat

Nexstar Media Group Reports Record Fourth Quarter Net Revenue of $1,377 Million

February 23, 2021 7:00 AM EST

Net Revenue Drives Record 4Q Operating Income of $530.5 Million, Net Income of $362.9 Million Adjusted EBITDA of $657.1 Million and Free Cash Flow of $443.2 Million

Allocated $224.3 Million Toward Leverage Reduction and Repurchased $84.3 Million of Class A Common Shares

Initiates Pro-Forma Average Annual Free Cash Flow Guidance for the 2021/2022 Cycle of $1.27 Billion

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (NASDAQ: NXST) (Nexstar) today reported financial results for the fourth quarter ended December 31, 2020 as summarized below. The actual results presented herein for the three months... More