Business

Nexstar Media Group reports revenue decline but raises dividend, stock price increases

by Market News Data

From Yahoo Finance: 2025-05-08 12:29:00

Nexstar Media Group, Inc. (NASDAQ: NXST) reported a 3.9% decrease in net revenue to $1.234 billion for the first quarter of FY25, in line with consensus. Advertising revenue fell 10.2% due to a drop in political and non-political advertising. Distribution revenue remained steady at $762 million.

Adjusted EBITDA dropped 15.7% to $381 million, with a margin of 30.9%. EPS was $3.37, beating estimates. Adjusted free cash flow was $348 million. The Board raised the dividend by 10% to $1.86 per share, with $75 million in shares repurchased.

Nexstar CEO Perry A. Sook highlighted the company’s strategic use of scale to drive strong results and cash flow, focusing on renewing distribution contracts, profitability at The CW, preparing for the 2026 political cycle, and deregulation. Nexstar shares are up 8.45% to $169.07.



Read more at Yahoo Finance: NewsNation Parent Nexstar Raises Dividend Despite Q1 Revenue Decline, Stock Soars

You may also like