Nexstar's FCF and Capital Allocation
Record-Setting Revenue Trends
Nexstar
MEDIA GROUP, INC.
Ten* of the last eleven quarters set all-time quarterly high levels of net revenue for Nexstar.
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✓ Continued execution on local and national
television advertising sales with incentive
plans geared to new business development in
local markets
✓ Extensive footprint and focus on large political
advertising opportunity in even years
✓ Growth in internally-developed network
businesses like NewsNation, Antenna TV and
Rewind TV
✓ Ability to grow distribution rates in excess of
MVPD subscriber attrition
✓ Focus on high growth digital revenue through
organic execution and M&A
LTM 9/30 Net Revenue
($ in millions)
8.5% CAGR
$4,779
$4,970
$4,225
Q3 LTM 2020
Q3 LTM 2021
Q3 LTM 2022
*The one quarter which did not set a record high was Q4 2021, not an election year quarter, in comparison to Q4 2020, a presidential election quarter; Reflects all quarters since the Tribune Media acquisition.
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