Nexstar Broadcasting (NXST) shares soared 5.51% in pre-market trading following the release of its impressive first-quarter financial results. The media company reported better-than-expected earnings and adjusted EBITDA, demonstrating resilience in a challenging market environment.

Nexstar Media Group posted quarterly earnings of $3.37 per share, surpassing the analyst consensus estimate of $3.35. While this represents a 15.33% decrease from the same period last year, it still managed to beat expectations. The company's Q1 net revenue came in at $1.23 billion, meeting analyst estimates. Notably, Nexstar's adjusted EBITDA reached $381 million, significantly exceeding the expected $371.6 million.

The strong performance was further underscored by the company's income from operations, which stood at $220 million, well above the estimated $197.2 million. These results highlight Nexstar's ability to maintain profitability and operational efficiency despite a slight decrease in overall sales compared to the previous year. The market's positive reaction suggests investors are optimistic about Nexstar's future prospects and its ability to navigate the evolving media landscape.