Nexstar reported its fourth-quarter 2023 earnings Wednesday, revealing its TV ad sales were down 36% from Oct. 1- Dec. 31.
In the same period, Nexstar’s losses at the CW narrowed to $52 million from $60 million in Q3. That marks a 45% improvement in the network’s losses (down from $94 million) since Q4 of 2022, when the CW was formally acquired by Nexstar from Paramount Global and Warner Bros. Discovery.
Nexstar’s core ad sales were $449 million in Q4, a decrease of 5.9% from the comparable year-ago quarter. Political ad sales fell 88.7% to $30 million from $266 million in 2022, when midterm elections spiked that categories revenue.
Total TV ad sales were $479 million, down 36% year-over-year from $743 million.
Distribution revenue grew 14.3% ($704 million vs. $616 million), digital dropped 5.4% ($106 million vs. $112 million) and “other” revenue dipped 6.3% ($15 million vs. $16 million).
Free cash flow stood at $295 million. Net income was $100 million, down 43.8% year over year from $178 million in fourth-quarter 2022.
Wall Street forecast earnings per share (Eps) of $4.20 on $1.31 billion in revenue,...
In the same period, Nexstar’s losses at the CW narrowed to $52 million from $60 million in Q3. That marks a 45% improvement in the network’s losses (down from $94 million) since Q4 of 2022, when the CW was formally acquired by Nexstar from Paramount Global and Warner Bros. Discovery.
Nexstar’s core ad sales were $449 million in Q4, a decrease of 5.9% from the comparable year-ago quarter. Political ad sales fell 88.7% to $30 million from $266 million in 2022, when midterm elections spiked that categories revenue.
Total TV ad sales were $479 million, down 36% year-over-year from $743 million.
Distribution revenue grew 14.3% ($704 million vs. $616 million), digital dropped 5.4% ($106 million vs. $112 million) and “other” revenue dipped 6.3% ($15 million vs. $16 million).
Free cash flow stood at $295 million. Net income was $100 million, down 43.8% year over year from $178 million in fourth-quarter 2022.
Wall Street forecast earnings per share (Eps) of $4.20 on $1.31 billion in revenue,...
- 2/28/2024
- by Jennifer Maas
- Variety Film + TV
Hey, "NCIS: Los Angeles" fans. We hope you guys enjoyed tonight's 22nd episode of this current season 10. Now that it's officially aired and over with, it's time to go over what the next, new episode 23 will have in store for you guys next Sunday night, May 12, 2019. It's the second to last episode of this season. So, season 10 is definitely about to come to a close. The folks over at CBS were kind enough to put out a press release for episode 23. So, that is what we'll be using for this spoiler session. As always, we'll go ahead and get things started by revealing what episode 23 is titled. CBS' press release revealed that the producers decided to go with, "The Guardian." That's right, guys. Episode 23 is named , "The Guardian." It's a nice, simple title. Episode 23 sounds like it will feature more adventure, possible action and dramatic scenes as the NCIS:...
- 5/5/2019
- by Andre Braddox
- OnTheFlix
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