
Nexstar Hits Record $5.4B Revenue on Political Ad Surge
Nexstar Media Group, Inc.Description
What this story covers
Nexstar Media Group's 2024 10-K reveals record $5.4B revenue, up 9.6%, driven by $426M political ads and stable distribution fees amid cable declines. Operating income soared 79% to $1.3B via cost controls. Debt at $6.5B, but $1.1B free cash flow funds $820M shareholder returns. Risks include affiliations and streaming competition; strategies focus on digital and The CW sports expansion.
Story snapshot
CompanyNexstar Media Group, Inc.
TickerNXST
VariantStandard detailed
Duration11:28
Filing type10-K
PeriodAnnual 2024
IndustryTelecommunications & Media
Accession0000950170-25-028949
Full Story Script
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