NXST Q2 2024 Earnings — Nexstar Media Group, Inc. Revenue & Financial Results | Market Cap Arena

NXSTNexstar Media Group, Inc.

$7B

Q2 2024 Earnings

Communication Services Entertainment

Income Statement

Revenue

$1.3B+2.3% YoY

Gross Profit

$717M56.5% margin

Operating Income

$240M18.9% margin

Net Income

$118M9.3% margin

EPS (Diluted)

$3.54

QoQ Revenue Growth

-1.2%

Cash Flow

Operating Cash Flow

$176M

Free Cash Flow

$139M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$11.8B

Total Liabilities

$9.5B

Stockholders' Equity

$2.3B

Cash & Equivalents

$146M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.2B	+2.3%
Gross Profit	$717M	$703M	+2.0%
Operating Income	$240M	$179M	+34.1%
Net Income	$118M	$96M	+22.9%

Revenue Segments

Distribution Service

$734M58%

Advertising

$522M41%

Other

$13M1%