Nexstar sees FY25 adjusted EBITDA $1.5B-$1.595B

We are providing guidance for fiscal 2025 Adjusted EBITDA in a range of $1.5B to $1.595B. Key factors differing from our current expectations could affect our outlook for Adjusted EBITDA for 2025 either positively or negatively. Those factors include, among other things, the rate of growth or attrition of pay television subscribers, the health of local and national advertising markets, our renegotiation of certain distribution and affiliation agreements on terms favorable to the Company, and the attributable net income related to our 31.3% ownership stake in TV Food Network.