Nexstar Media Group, Inc. (NASDAQ: NXST) Shares were higher on Thursday. The company reported a 3.9% year-on-year net income year (y/y) to $12.34 billion in the first quarter net income year-on-year Alignand consensus.

Nexstar Media Group has a wide range of media brands, including national television networks such as CW and Newsnation, as well as digital assets such as Hill and NewsnationNow.com.

Advertising revenue fell 10.2% to $460 million and reduced non-political advertising revenue by $20 million, which reduced softness to the advertising market.

Distribution revenue is almost a year, at $762 million. The segment benefits from annual growth rates, with increased VMVPD subscribers and CW affiliations.

Also Read: Nexstar shares fall as sellers warn of "Kodak Moment"

Adjusted EBITDA fell 15.7% to $381 million, shrinking to 30.9% from 35.2% a year ago.

Earnings per share was $3.37, down from $5.16 in the previous year, but it surpassed the consensus estimate of $3.35.

The total adjusted free cash flow was $348 million, down from $389 million in the previous year. As of March 31, 2025, the cash was US$253 million.

dividend: The Board of Directors raised its quarterly cash dividend by 10% to $1.86 per share and should be paid to shareholders as of May 19, 2025 on June 2.

Repurchase: The company repurchased $75 million worth of shares in the quarter.

CEO of Nexstar Perry A. Sook "As the largest local broadcaster in the United States, we strategically use scale to drive strong operational outcomes and cash flows and promote organic growth programs as we further advance CW and news agencies to the top networks," said the company.

“For the 2025 balance, we remain focused on renewing the distribution contract, representing about 60% of the subscriber base in the year, continuing our path to profitability on the CW, preparing for the 2026 political cycle and regulating it.”

Investors can pass Alpha Architect US Quantitative Value ETF (NASDAQ: QVAL) and WisdomTree US SmallCap Quality Growth Fund (NASDAQ:QSML).

Price action: Nexstar shares rose 8.45% to $169.07 in their last check on Thursday.

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