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Stock impact report

Nexstar Media Group (NXST) Q4 Earnings and Revenues Fall Y/Y (Revised) [Yahoo! Finance]

Nexstar Media Group, Inc. (NXST) 
Last nexstar media group, inc. earnings: 2/26 07:04 am Check Earnings Report
Company Research Source: Yahoo! Finance
3%. The company delivered adjusted earnings of $3.32 per share for the fourth quarter of 2023, which declined 58.7% year over year. Revenues of $1.3 billion decreased 12.3% year over year, owing to a decrease in Political Advertising Revenues. Segment Details Core Advertising revenues (34.4% of total revenues) of $449 million decreased 5.9% year over year due to continued softness in the advertising market. Political Advertising revenues (2.3% of total revenues) totaled $30 million in the reported quarter, which decreased 88.7% year over year due to the lack of material election activity in odd years. Distribution revenues (54% of total revenues) of $704 million increased 14.3% year over year, driven by the renewal of the substantial majority of distribution agreements in 2022 and 2023 on improved terms and annual rate escalators. Digital revenues (8% of total revenues) of $106 million plunged 5.4% year over year, primarily impacted by weakness in national digital advertisin Show less Read more
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