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Nexstar Reports 1Q Net Revenue Up 2%
The increase to $1.1 billion from 1Q 2020 was boosted by a higher distribution fee revenue (up 13%) and digital revenue growth of 18%. Core ad revenue was down 1.4%.
By Mark K. Miller | May 4, 2021 | 7:34 a.m. ET.
Nexstar Media Group this morning reported financial results for the first quarter of 2021 that included net revenue of $1,113,931, an increase of 2% from the same quarter of 2020.
Core ad revenue totaled $412 million, down 1.4% from $417 million in 1Q 2020.
Political ad revenue was $5.4 million, down 90.2% from a year ago.
Distribution fee revenue grew 13% to $621 million.
Digital revenue climbed 17.6% to $66 million.
Other revenue fell 29.1% to $9.1 million.
Operator
Good day and welcome to the Nexstar Media Group First Quarter 2021 Results Call. [Operator Instructions]
I would now like to turn the call over to Joe Jaffoni, Investor Relations. Sir, please go ahead.
Joseph Jaffoni
Joseph Jaffoni
Thank you, Katie, and good morning everyone. I just need to read the safe harbor language, and then we ll get right into the call. All statements and comments made by management during today s conference call other than statements of historical fact may be deemed forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Nexstar cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those reflected by the forward-looking statements made during the call.
Cornbread Hemp Releases USDA Organic CBD Balm
Made with organic arnica and peppermint
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LOUISVILLE, Ky., Jan. 13, 2021 /PRNewswire/ Cornbread Hemp announced today the release of their USDA organic CBD Balm. Made with USDA organic ingredients like arnica, peppermint, and full spectrum hemp extract, this CBD product is designed for the muscles and joints of active adults.
Cornbread Hemp s 500mg CBD Balm is easy to apply without getting your hands messy. With a minty-pine scent and pleasant cooling sensations, it s the new secret weapon in cannabis comfort.
Cornbread Hemp s USDA organic CBD Balm contains 500mg of CBD from organic flower-only full spectrum hemp extract plus arnica, peppermint, and eucalyptus.
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