Nexstar Media Group Inc is a leading telecommunications and media company that specializes in broadcasting television and providing digital content across various platforms
The company owns and operates a significant number of local TV stations and engages in the production and distribution of news, entertainment, and sports programming. Additionally, Nexstar leverages its extensive reach to offer advertising solutions to local and national advertisers, enhancing their visibility through various media channels. With a commitment to delivering quality content to diverse audiences, Nexstar plays a crucial role in the modernization of television broadcasting and the expansion of digital media services.
Over the past six months, Nexstar Media’s shares (currently trading at $152.86) have posted a disappointing 13.9% loss, well below the S&P 500’s 7.7% gain. This was partly due to its softer quarterly results and might have investors contemplating their next move.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how iHeartMedia (NASDAQIHRT) and the rest of the broadcasting stocks fared in Q3.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at broadcasting stocks, starting with FOX (NASDAQFOXA).
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including Nexstar Media (NASDAQNXST) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including Gray Television (NYSEGTN) and its peers.
Local broadcasting and digital media company Nexstar (NASDAQNXST) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 20.7% year on year to $1.37 billion. Its GAAP profit of $5.27 per share was 1.5% below analysts’ consensus estimates.
Nexstar Media Group Inc (NASDAQNXST) reported a record third-quarter net revenue of $1.366 billion, fueled by strong advertising and distribution revenues. Adjusted EBITDA jumped 82.8% and share repurchases were made.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including AMC Networks (NASDAQAMCX) and its peers.
Nexstar Media reported Q2 FY24 net revenue increase of 2.3% Y/Y to $1.269B, missing consensus of $1.297B. Revenue growth driven by distribution and advertising. Adjusted EBITDA up 18.8%. EPS at $3.54, below consensus of $4.01. Unrestricted cash at $146M. Return of capital to shareholders at $190M.
Harris and Trump are in a close race, each spending millions on advertising in swing states. Social media ads are also a key part of the campaign strategy.
