Nexstar Media Group Reports Record First Quarter Net Revenue of $1.28 Billion
Q1 Net Revenue Drives Net Income of $167 Million, Adjusted EBITDA of $542 Million and Adjusted Free Cash Flow of $403 Million
All-Time High Quarterly Distribution Revenue
Reduced Year-over-Year Quarterly Losses at The CW by $50 Million
Quarterly Return of Capital to Shareholders of $168 Million, Reducing Shares Outstanding by 1.7%
IRVING, Texas – Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or the “Company”) today reported financial results for the first quarter ended March 31, 2024.