Nexstar Media Group, Inc. NXST shares are buying and selling greater on Thursday. The corporate reported first-quarter FY25 web income lower of 3.9% yr over yr (Y/Y) to $1.234 billion, which aligns with the consensus.
Nexstar Media Group owns a various portfolio of media manufacturers, together with nationwide tv networks like The CW and NewsNation and digital belongings like The Hill and NewsNationNow.com.
Revenues from Promoting declined 10.2% Y/Y to $460 million because of a $32 million drop in political promoting and a $20 million discount in non-political promoting income on the softness of the promoting markets.
Distribution income remained virtually flat yr over yr at $762 million. This phase benefited from annual price will increase, greater vMVPD subscribers, and CW affiliation additions.
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Adjusted EBITDA fell 15.7% Y/Y to $381 million, and the margin contracted to 30.9% from 35.2% a yr in the past.
EPS was $3.37, down from $5.16 within the prior-year quarter, nevertheless it beat the consensus estimate of $3.35.
Adjusted free money circulation totaled $348 million, down from $389 million within the prior yr quarter. As of March 31, 2025, money stood at $253 million.
Dividend: The Board of Administrators raised the quarterly money dividend by 10% to $1.86 per share, payable on June 2, to shareholders of file as of Might 19, 2025.
Buyback: The corporate repurchased shares value $75 million within the quarter.
Nexstar CEO Perry A. Sook stated, “Because the nation’s largest native broadcaster, we strategically use our scale to drive sturdy working outcomes and money circulation and facilitate natural progress initiatives as we additional elevate The CW and NewsNation to top-tier networks.”
”For the stability of 2025, we stay centered on renewing distribution contracts representing roughly 60% of our subscriber base in complete for the yr, persevering with our path in direction of profitability at The CW, making ready for the 2026 political cycle, and pursuing deregulation.”
Buyers can acquire publicity to the inventory by way of Alpha Architect U.S. Quantitative Worth ETF QVAL and WisdomTree U.S. SmallCap High quality Progress Fund QSML.
Worth Motion: Nexstar shares are up 8.45% to $169.07 on the final verify on Thursday.
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