Overview
U.S. media company's Q4 revenue rose, beating analyst expectations
Adjusted EBITDA for Q4 exceeded analyst estimates
Company reduced 2025 losses at The CW by 32%, exceeding financial expectations
Outlook
Nexstar provides 2026 standalone Adjusted EBITDA guidance of $1.95 bln to $2.05 bln
Company anticipates closing TEGNA acquisition by second half of 2026
Nexstar expects political advertising boost from 2026 mid-term elections
Result Drivers
NON-POLITICAL ADVERTISING - Growth in non-political advertising revenue due to digital advertising and absence of political crowd-out
DISTRIBUTION REVENUE - Slight increase in distribution revenue due to rate hikes and growth in vMVPD subscribers, offset by MVPD attrition
THE CW PERFORMANCE - The CW exceeded financial expectations driven by strong viewership in sports programming like NASCAR and college sports
Company press release: ID:nBwb3vbPVa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $1.29 bln | $1.25 bln (7 Analysts) |
Q4 Net Income | -$170 mln | ||
Q4 Adjusted EBITDA | Beat | $433 mln | $405.02 mln (7 Analysts) |
Q4 Income from Operations | $242 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the broadcasting peer group is "buy"
Wall Street's median 12-month price target for Nexstar Media Group Inc is $250.00, about 7.5% above its February 25 closing price of $232.54
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)