Nexstar Media Group ( (NXST) ) has released its Q1 earnings. Here is a breakdown of the information Nexstar Media Group presented to its investors.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Nexstar Media Group, Inc. is the largest local television broadcaster in the United States, operating in the media and entertainment industry, with a focus on delivering local news and sports content through its extensive network of stations.
In its first quarter of 2025 earnings report, Nexstar Media Group reported a net revenue of $1.23 billion, a slight decrease from the previous year. Despite the decline in advertising revenue, the company achieved record first-quarter distribution revenue, reflecting its strategic efforts in expanding its network affiliations and sports programming.
Key financial metrics for the quarter included a net income of $97 million and an adjusted EBITDA of $381 million, both of which saw declines compared to the previous year. The decrease in net income was attributed to lower revenue and increased amortization of broadcast rights, while the adjusted EBITDA was impacted by reduced income from equity investments and higher sports programming costs. However, the company reported a significant increase in net cash provided by operating activities, which rose by 22.1% to $337 million.
Looking ahead, Nexstar Media Group remains focused on renewing distribution contracts, enhancing the profitability of The CW network, and preparing for the upcoming political cycle. The company aims to leverage its strong balance sheet for potential acquisitions and continue its strategic growth initiatives in the media sector.