NewsNation Parent Nexstar Raises Dividend Despite Q1 Revenue Decline, Stock Soars - Nexstar Media Gr (NASDAQ:NXST)

NewsNation Parent Nexstar Raises Dividend Despite Q1 Revenue Decline, Stock Soars - Nexstar Media Gr (NASDAQ:NXST)

Nexstar Media Group (NXST) reports a 3.9% decrease in net revenue for Q1 FY25, with advertising and adjusted EBITDA also down. Dividend raised by 10%.

Nexstar reports lower revenue during Q1 as political ad windfall ends

The corporate logo of television broadcaster Nexstar Media Group. (Graphic by The Desk) Nexstar Media Group on Thursday reported lower revenue for the first three months (Q1) of the year, driven by a reduction in political advertising revenue that boosted the company’s top line substantially during 2024. Advertising revenue accounted for $460 million of Nexstar’s $1.23 billion in overall revenue during Q1. Overall revenue was down 4 percent, whi…

Nexstar reports Q1 revenue down 3.9% YoY to $1.23B, primarily due to reduced political advertising revenue and net income down 42% to $97M

Mark K. Miller / TVNewsCheck: Nexstar reports Q1 revenue down 3.9% YoY to $1.23B, primarily due to reduced political advertising revenue and net income down 42% to $97M  —  Save this article for later!  Login or create a Free Member Profile to bookmark it.  —  That $50 million drop to $1.23 billion was “primarily due to reduced political advertising revenue.”