Net Revenue Drives Record Q2 Operating Income of $333.4 Million, Net Income of $226.5 Million,
Adjusted EBITDA of $486.3 Million and Free Cash Flow of $219.0 Million
All-Time High Quarterly and Six Month Return of Capital to Shareholders of $284.3 Million and $479.5 Million, Respectively
IRVING, Texas – August 4, 2022 – Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or “the Company”) today reported financial results for the second quarter ended June 30, 2022 as summarized below:
CEO Comment
Perry Sook, Nexstar’s Chairman and Chief Executive Officer, commented, “Nexstar delivered record second quarter financial results, including all-time high second quarter net revenue, Adjusted EBITDA and free cash flow that once again exceeded consensus expectations. Our results benefitted from strong year-over-year growth in political advertising, distribution, and digital…
