Nexstar Media Group Fourth Quarter Net Revenue Rises 37.9% to a Record $1.1 Billion
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Nexstar Media (NXST) Misses Q4 EPS by 70c, Revenues Beat
February 26, 2020 7:07 AM ESTNexstar Media (NASDAQ: NXST) reported Q4 EPS of $2.36, $0.70 worse than the analyst estimate of $3.06. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.06 billion.
Net Revenue Drives 4Q Operating Income of $256.5 Million, and Net Income of $113.9 MillionRecord BCF of $416.8 Million, Adjusted EBITDA of $379.2 Million and Free Cash Flow of $173.9 MillionRepurchases $45.1 Million of Common Shares in the Fourth QuarterInitiates Pro-Forma Average Annual Free Cash Flow Guidance for the 2020/2021 Cycle of $1.175 BillionCEO Comment
Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar Media Group,... More
