NASDAQ$NXST
Nexstar Media Group Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Nexstar Media Group reported record Q4 2024 revenue, driven by political advertising and distribution growth.
Nexstar Media Group achieved record net revenue of $1.49 billion in Q4 2024, reflecting a 14.1% year-over-year increase, mainly due to a surge in political advertising revenue. Net income reached $229 million, more than doubling from the prior year. Adjusted EBITDA rose by 39.9% to $628 million, while free cash flow increased by 67.8% to $411 million. The company continued reducing debt and returning capital to shareholders.
- Total net revenue reached $1.49 billion, up 14.1% year-over-year.
- Political advertising revenue surged to $254 million, offsetting declines in non-political ad sales.
- Net income increased 129% year-over-year to $229 million.
- Adjusted EBITDA grew 39.9% to $628 million, driven by revenue growth.
Headline financials
Revenue & EPS history
Nexstar · Revenue · Quarterly
$1.49B
Revenue by segment
Nexstar · $598M total across 1 segment · Q3 2023
- Distribution$598M-6.8%100.0%
Forward guidance
Nexstar expects continued revenue growth in 2025, supported by strong distribution agreements, improving profitability at The CW, and an increasing share of political ad spending.
Tailwinds
- 2025 Adjusted EBITDA guidance set between $1.5 billion and $1.595 billion.
- Political advertising expected to remain a major revenue driver.
- Improved profitability at The CW Network expected to contribute to earnings growth.
- Renewal of key distribution agreements covering 60% of the subscriber base.
- Strong balance sheet with ongoing debt reduction initiatives.
Headwinds
- Non-political advertising market remains soft.
- Ongoing subscriber attrition impacting distribution revenue growth.
- Higher interest rates may increase financing costs.
- Competition in digital advertising space continues to intensify.
- Potential regulatory changes could impact business operations.
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 Q4 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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