NXST Q3 2023 Earnings — Nexstar Media Group, Inc. Revenue & Financial Results | Market Cap Arena

NXSTNexstar Media Group, Inc.

$7B

Q3 2023 Earnings

Communication Services Entertainment

Income Statement

Revenue

$1.1B-10.8% YoY

Gross Profit

$595M52.6% margin

Operating Income

$94M8.3% margin

Net Income

$25M2.2% margin

EPS (Diluted)

$0.71

QoQ Revenue Growth

-8.7%

Cash Flow

Operating Cash Flow

$138M

Free Cash Flow

$102M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$12.0B

Total Liabilities

$9.7B

Stockholders' Equity

$2.3B

Cash & Equivalents

$150M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$1.3B	-10.8%
Gross Profit	$595M	$758M	-21.5%
Operating Income	$94M	$356M	-73.6%
Net Income	$25M	$289M	-91.3%

Revenue Segments

Distribution Service

$598M53%

Core Advertising

$391M35%

Digital

$99M9%

Other

$25M2%

Political Advertising

$19M2%