NASDAQ$NXST
Nexstar Media Group Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Nexstar reported record second quarter net revenue and distribution revenue.
Nexstar Media Group reported record second quarter net revenue of $1.27 billion, driven by growth in distribution and advertising revenue. The company's net income increased to $106 million, and Adjusted EBITDA reached $398 million.
- Record second quarter net revenue of $1.27 billion.
- Net income for the quarter was $106 million.
- Adjusted EBITDA reached $398 million.
- Adjusted Free Cash Flow was $78 million.
Headline financials
Revenue & EPS history
Nexstar · Revenue · Quarterly
$1.27B
Revenue by segment
Nexstar · $598M total across 1 segment · Q3 2023
- Distribution$598M-6.8%100.0%
Forward guidance
The company expects to benefit from anticipated record levels of political spending on broadcast television in the second half of the year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.9%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+3.6%
Avg return
30 days after
59%
38 / 64 earnings
Positive
+11.5%
Q1 2020
Best reaction
-10.3%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.5% | -0.0% | -7.8% | |
| Q4 2025 | +5.5% | +4.7% | -8.3% | |
| Q3 2025 | -3.4% | -0.7% | -3.7% | |
| Q1 2025 | +5.4% | +11.9% | +8.4% | |
| Q4 2024 | +11.1% | +16.0% | +20.6% | |
| Q3 2024 | -9.4% | -8.2% | -7.1% | |
| Q2 2024 | -7.9% | -8.5% | -6.1% | |
| Q1 2024 | +2.5% | +6.9% | -6.9% | |
| Q4 2023 | +2.3% | -3.9% | +6.1% | |
| Q3 2023 | -4.8% | -5.1% | -1.9% | |
| Q2 2023 | -10.3% | -10.5% | -27.4% | |
| Q1 2023 | -3.6% | -3.7% | +1.4% | |
| Q4 2022 | -3.2% | -4.9% | -11.5% | |
| Q3 2022 | +2.5% | +8.5% | +17.4% | |
| Q2 2022 | +1.9% | +3.1% | +0.5% | |
| Q1 2022 | +6.2% | +12.9% | +12.6% | |
| Q4 2021 | -3.2% | +1.9% | +8.2% | |
| Q3 2021 | +6.1% | +8.6% | +0.1% | |
| Q2 2021 | +3.3% | +1.6% | +0.6% | |
| Q1 2021 | +0.6% | -0.6% | +0.2% | |
| Q4 2020 | +8.1% | +7.0% | +13.6% | |
| Q3 2020 | +5.6% | +15.8% | +35.3% | |
| Q2 2020 | -0.3% | -0.3% | +6.8% | |
| Q1 2020 | +11.5% | +18.8% | +53.1% | |
| Q4 2019 | -1.8% | +1.3% | -45.1% | |
| Q3 2019 | +5.0% | +11.6% | +12.3% | |
| Q2 2019 | -0.3% | -0.1% | +2.5% | |
| Q1 2019 | +0.3% | -3.4% | -10.5% | |
| Q4 2018 | +5.1% | +11.8% | +21.6% | |
| Q3 2018 | -2.6% | -3.3% | +2.5% | |
| Q2 2018 | +1.0% | +0.6% | +4.3% | |
| Q1 2018 | +1.9% | +6.6% | +13.2% | |
| Q4 2017 | -3.1% | -1.5% | -9.8% | |
| Q3 2017 | +3.5% | +4.1% | +12.9% | |
| Q2 2017 | +3.0% | +2.9% | -5.1% | |
| Q1 2017 | +0.5% | -3.4% | -2.0% | |
| Q4 2016 | +4.2% | +3.0% | +0.2% | |
| Q3 2016 | +4.9% | +20.7% | +34.5% | |
| Q2 2016 | -3.1% | +1.4% | +3.2% | |
| Q1 2016 | -1.2% | — | — | |
| Q4 2015 | +7.1% | — | — | |
| Q3 2015 | +1.0% | — | — | |
| Q2 2015 | +0.2% | — | — | |
| Q1 2015 | -2.1% | — | — | |
| Q4 2014 | +0.5% | — | — | |
| Q3 2014 | +4.8% | — | — | |
| Q2 2014 | +3.5% | — | — | |
| Q1 2014 | -4.0% | — | — | |
| Q4 2013 | -3.9% | — | — | |
| Q3 2013 | -1.3% | — | — | |
| Q2 2013 | -5.1% | — | — | |
| Q1 2013 | +6.7% | — | — | |
| Q4 2012 | +4.9% | — | — | |
| Q3 2012 | +1.9% | — | — | |
| Q2 2012 | +2.5% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q2 2011 | -0.5% | — | — | |
| Q3 2011 | -1.5% | — | — | |
| Q4 2010 | +7.8% | — | — | |
| Q3 2010 | -6.9% | — | — | |
| Q2 2010 | +2.2% | — | — | |
| Q1 2010 | -2.0% | — | — |
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