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AI brief of an SEC Form 8-K · Nexstar Media (NXST)

Nexstar reports record Q3 net revenue of $1.37 billion and net income of $180 million

Positive Impact 3 of 5 earnings Written later

Nexstar Media Group reported third-quarter 2024 net revenue of $1.37 billion, up 20.7% from a year earlier, driven by distribution and advertising growth. Net income rose to $180 million from $8 million, and Adjusted EBITDA reached $510 million. Revenue and profit both improved, and the company returned $233 million to shareholders in the quarter.

Key points

  • Net revenue of $1,366 million, up 20.7% from $1,132 million in the third quarter of 2023
  • Net income of $180 million versus $8 million a year earlier; diluted earnings per share of $5.27 versus $0.70
  • Adjusted EBITDA of $510 million, up 82.8%, with political advertising revenue of $154 million in the quarter
  • Returned $233 million to shareholders in the quarter, reducing shares outstanding by 3.1%

The filing

CompanyNexstar Media (NXST)
Form8-K, current report
Filed with the SECNov 7, 2024, 7:07 AM ET
Accession number0000950170-24-122781

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.