Nexstar Media (NXST) Tops Q1 EPS by 94c, Revenues Beat

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Go back to Nexstar Media (NXST) Tops Q1 EPS by 94c, Revenues Beat

Nexstar Media Group Reports Record First Quarter Net Revenue of $1,113.9 Million

May 4, 2021 7:00 AM EDT

Net Revenue Drives 1Q Operating Income of $284.9 Million, Net Income of $199.2 Million, Adjusted EBITDA of $571.4 Million and Free Cash Flow of $483.5 Million

Allocated $75 Million Toward Leverage Reduction, Repurchased $121 Million of Class A Common Shares and Returned $30.4 Million to Shareholders in Dividends in the First Quarter

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, 2021 as summarized below:

Summary 2021 First Quarter Highlights

 

Three Months Ended March... More