Nexstar Media Group Reports Record Q3 Revenue and EBITDA
Nexstar Media Group (NXST) reported record-breaking financial results for the third quarter, achieving its highest quarterly net revenue to date at $2.13 billion. The company also reached a record third-quarter adjusted EBITDA of $756 million and generated $433 million in free cash flow. Looking ahead, management is targeting a leverage ratio closer to 3x. Additionally, the company expects The CW network to achieve its first profitable quarter by Q4 2026. These results reflect strong operational performance across Nexstar's media portfolio.
Tickers: $NXST
Topics: earnings report EBITDA free cash flow revenue