10 Highlights

• Nexstar's Q3 ad sales surged by 22%, significantly boosted by increased political ad spending during the election period.
• The CW network reduced its operating losses by $36 million in Q3, showcasing improved financial management.
• • Nexstar's Q3 revenue soared to an impressive $1.37 billion, reflecting strong market performance and strategic growth.
  • Political advertising hit a record high of $154 million in the quarter, indicating the substantial impact of election campaigns.
  • CEO Perry Sook praised the enduring strength of the broadcast TV model in capturing diverse audience demographics.
  • The CW's strategic debut of NASCAR and WWE events led to noticeable audience engagement and viewership metrics.
  • Nexstar's distribution revenue grew by 20% compared to the previous year, showcasing effective content delivery strategies.
  • The company reported an adjusted free cash flow of $327 million for Q3, emphasizing its strong financial health.
  • Nexstar successfully returned 74% of its cash flow to shareholders, highlighting its commitment to investor returns.
  • Travis Kelce faced criticism for his social media post amid political tensions, reflecting broader cultural sensitivities.