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Nexstar Reports 1Q Net Revenue Up 2%


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. ....

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Nexstar Media Group, Inc. (NXST) Q1 2021 Earnings Call Transcript


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. ....

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