NXST Q1 2024 Earnings — Nexstar Media Group, Inc. Revenue & Financial Results | Market Cap Arena

NXSTNexstar Media Group, Inc.

$7B

Q1 2024 Earnings

Communication Services Entertainment

Income Statement

Revenue

$1.3B+2.1% YoY

Gross Profit

$736M57.3% margin

Operating Income

$275M21.4% margin

Net Income

$175M13.6% margin

EPS (Diluted)

$5.16

QoQ Revenue Growth

-1.5%

Cash Flow

Operating Cash Flow

$276M

Free Cash Flow

$232M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$11.9B

Total Liabilities

$9.6B

Stockholders' Equity

$2.3B

Cash & Equivalents

$237M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.3B	+2.1%
Gross Profit	$736M	$719M	+2.4%
Operating Income	$275M	$204M	+34.8%
Net Income	$175M	$111M	+57.7%

Revenue Segments

Distribution Service

$761M59%

Advertising

$512M40%

Other

$11M1%