Q3 Earnings: Nexstar Revenue Increases 20%

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By Merrill Knox Comment

Nexstar Broadcasting reported net revenue of $90 million in the third quarter of 2012, a +20.2% increase from the year-ago quarter’s net revenue of $74.8 million.

Nexstar’s core local and national revenue increased +7.4%. Political ad revenue increased +488% to $10.2 million in Q3, and retransmission revenue increased +51% to $15.1 million. The company also reported $41 million in broadcast cash flow, a +57% increase from the year-ago quarter.

In a statement, Nexstar president and CEO Perry Sook called the third quarter an “active and productive period for Nexstar.”