Nexstar Broadcasting (NXST) Misses Q3 EPS by 5c

Nexstar Broadcasting Third Quarter Net Revenue Rises 42.6% to a Record $224.9 Million

November 3, 2015 7:00 AM EST

Net Revenue Growth Drives Record 3Q Operating Income of $48.3 Million up 15.9%, BCF of $84.3 Million up 27.5%, Adjusted EBITDA of $73.2 Million up 27.5%, and Free Cash Flow of $46.2 Million up 19.0%

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) (Nexstar or the Company) today reported record financial results for the third quarter ended September 30, 2015 as summarized below.

 

Summary 2015 Third Quarter Highlights

                             

Three Months EndedSeptember 30,

Nine Months EndedSeptember 30,

($ in thousands) 2015       2014 Change 2015       2014 Change Local Revenue $ 88,018 $ 65,828 +33.7 % $ 266,533   $ 201,931 +32.0 % National Revenue $ 37,899 $ 25,572 +48.2 % $ 112,270 $ 78,836 +42.4 % Core Revenue $ 125,917 $ 91,400 +37.8 % $ 378,803 $ 280,767 +34.9 %   Political Revenue... More