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Nexstar Media Group (NXST)
NASDAQ:NXST
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.39Last Year’s EPS
5.16Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 15.91%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
Nexstar Media Group, Inc. presented strong financial performance with record-breaking revenue and significant debt reduction. The transformation of the CW network and the launch of the Edge Beam Wireless Consortium showcase strategic growth initiatives. However, challenges in advertising revenue and subscriber attrition remain concerns.Company Guidance
During Nexstar Media Group, Inc.'s fourth quarter 2024 conference call, the company reported record financial performance, achieving $5.4 billion in total net revenue and $2 billion in adjusted EBITDA for the year. The company also generated $1.2 billion in adjusted free cash flow, returning $820 million to shareholders through share repurchases and dividends, reducing shares outstanding by nearly 9%. Nexstar highlighted its record low net leverage of 2.91 times and announced a twelfth consecutive annual increase in the quarterly cash dividend, reflecting a near 5% yield. Looking forward, the company provided adjusted EBITDA guidance for 2025 in the range of $1.5 to $1.595 billion, with expectations of flat net distribution revenue and slightly up non-political advertising revenue. Nexstar emphasized its continued focus on growth opportunities and potential deregulation, which could facilitate further industry consolidation.Record-Breaking Revenue
Nexstar Media Group, Inc. delivered $5.4 billion in total net revenue for fiscal year 2024, marking the highest in the company's 28-year history. This was driven by strong election year political advertising and growth in distribution revenue.
Debt Reduction and Shareholder Returns
The company allocated $327 million toward debt reduction, achieving a record low net leverage of 2.91 times at year-end. Nexstar Media Group, Inc. returned $820 million or 68% of adjusted free cash flow to shareholders through share repurchases and dividends.
CW Network Transformation
The CW network saw a significant transformation with the introduction of sports programming, including NASCAR and WWE, leading to improved ratings. The network's performance led to a 105% year-over-year improvement in viewership for WWE NXT.
Launch of Edge Beam Wireless Consortium
Nexstar Media Group, Inc. announced a joint venture to harness ATSC 3.0 technology, representing spectrum covering over 97% of the continental US. The consortium signed its first paying customer in the digital signage space.
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NXST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NXST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $146.34 | $162.58 | +11.10% |
| Nov 07, 2024 | $179.18 | $184.32 | +2.87% |
| Aug 08, 2024 | $166.35 | $158.27 | -4.86% |
| May 09, 2024 | $161.04 | $172.19 | +6.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nexstar Media Group (NXST) report earnings?
Nexstar Media Group (NXST) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Nexstar Media Group (NXST) earnings time?
Nexstar Media Group (NXST) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NXST EPS forecast?
NXST EPS forecast for the fiscal quarter 2025 (Q1) is 3.39.
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