Nexstar Broadcasting (NXST) Tops Q3 EPS by 14c

Nexstar Media Group Third Quarter Net Revenue Rises 13.3% to a Record $693.4 Million

November 8, 2018 7:04 AM EST

Net Revenue Growth Drives Record 3Q Operating Income of $192.9 Million and Net Income of $99.8 Million

Record 3Q BCF of $281.7 Million, Adjusted EBITDA of $256.5 Million and Free Cash Flow of $164.7 Million

IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc. (NASDAQ: NXST) (Nexstar or the Company) today reported record financial results for the third quarter ended September 30, 2018 as summarized below.

Summary 2018 Third Quarter Highlights

Three Months Ended
September 30,

Nine Months Ended
September 30,

($ in thousands) 2018 2017 Change 2018 2017 Change Local Revenue $ 189,423 $ 197,576 (4.1 )% $ 581,251 $ 585,646 (0.8 )% National Revenue $ 71,623 $ 76,023 (5.8 )% $ 210,301 $ 219,261 (4.1 )% Political Revenue $ 70,147 $ 7,161 +879.6 % $ 111,049 $ 14,345... More