Nexstar Media Group Inc

NXST

Equity

ISIN US65336K1034 / Valor 1446707

NASDAQ (2024-11-22)

USD 169.75+0.37%

Nexstar Media Group Inc
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About company

Nexstar Media Group, Inc. is a prominent media company that focuses on producing and distributing engaging local and national news, sports, and entertainment content through its television and digital platforms. With over 200 owned or partner stations in 117 U.S. markets, Nexstar reaches 220 million people, delivering locally-produced programming to more than 68% of U.S. television households. The company's diverse portfolio includes digital products and services that offer clients and advertisers the opportunity to connect with local consumers through multi-platform marketing opportunities. With a team of over 12,400 employees united by a commitment to localism and professional excellence, Nexstar continues to expand its offerings and enhance its digital capabilities to provide superior programming and content to viewers while offering unparalleled marketing opportunities to businesses and advertisers.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Performance

Nexstar Media Group Inc. reported total net revenue of $4.9 billion for the year ended December 31, 2023. This represents a slight decrease from the $5.2 billion reported in 2022. The revenue streams were diversified, with 55% coming from distribution, 34% from core advertising, 1% from political advertising, and 10% from digital advertising and other sources.

Net Cash Flow

For the year ended December 31, 2023, Nexstar Media Group Inc. generated nearly $1 billion in net cash flow from operating activities. This is a decrease from the $1.4 billion generated in 2022. Despite the decrease, the company continued to return a significant percentage of that cash flow to shareholders through share repurchases and dividends.

Shareholder Returns

In 2023, Nexstar Media Group Inc. returned $796 million to shareholders in the form of share repurchases and dividends. This is a reduction from the $1.0 billion returned in 2022. The company remains committed to returning capital to shareholders while maintaining financial flexibility for growth initiatives.

Credit Rating

Nexstar Media Group Inc. maintained a corporate credit rating of Ba3 / BB+ as rated by Moody’s and S&P, respectively, for the year ended December 31, 2023. This rating reflects the company's strong financial profile and its ability to manage debt while investing in growth opportunities and returning capital to shareholders.

Advertising Revenue

In 2023, Nexstar Media Group Inc. earned approximately 71% of its core and political advertising revenue from non-network programming. The company’s diversified revenue streams and strong national brands, including The CW, NewsNation, and The Hill, have enabled it to engage with national advertisers in more meaningful ways, contributing to its overall revenue performance.

Summarized from source with an LLMView Source

Key figures

13.6%1Y

3.17%3Y

61.9%5Y

Performance

34.7%1Y

35.5%3Y

46.3%5Y

Volatility