Earnings Call Summary | Nexstar Media Group(NXST.US) Q1 2024 Earnings Conference
Earnings Call Summary | Nexstar Media Group(NXST.US) Q1 2024 Earnings Conference
The following is a summary of the Nexstar Media Group, Inc. (NXST) Q1 2024 Earnings Call Transcript:
以下是Nexstar Media Group, Inc.（NXST）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Nexstar Media Group started Q1 2024 with record net revenue of $1.28 billion, primarily driven by high quarterly distribution revenue of $761 million.
The company's Adjusted EBITDA and free cash flow exceeded expectations, proving the strength of their business model.
CW's Q1 operating profit grew by $50 million year-over-year, thanks to a $55 million cut in programming costs. It is expected to improve by over $100 million annually.
Nexstar Media Group在2024年第一季度開始時淨收入達到創紀錄的12.8億美元，這主要是由7.61億美元的高季度發行收入推動的。
該公司調整後的息稅折舊攤銷前利潤和自由現金流超出預期，證明了其商業模式的力量。
由於節目成本削減了5500萬美元，CW第一季度的營業利潤同比增長了5000萬美元。預計每年將增加1億多美元。
Business Progress:
業務進展：
Nexstar has made strides since acquiring the CW network over a year ago, declaring significant advancements, including 12 new CW affiliations and considerable audience growth at NewsNation.
NewsNation was spotlighted as the second-largest cable news network in pay-TV distribution, getting ahead of CNN and MSNBC.
Following conversions in Chicago and San Diego, Nexstar surpassed their goal for the ATSC 3.0 initiative, with 50% of the U.S. population being served by ATSC 3.0 signals from a Nexstar-owned or partner station.
Projecting a change in advertising strategy, Nexstar aims to in-house its sales force for political advertising at the station level by 2025.
The company highlighted live sports and news as crucial drivers for audience participation and value creation.
CEO, Perry Sook, hinted at the company's plans to explore strategic expansion opportunities and create additional shareholder value through potential acquisitions.
New deals with Comscore and Nielsen are expected to provide better insights into the company's audience for advertising purposes.
自一年多前收購CW網絡以來，Nexstar取得了長足的進步，宣佈了重大進展，包括12個新的CW附屬機構以及NewsNation的受衆人數大幅增長。
NewsNation被聚焦爲付費電視發行領域的第二大有線電視新聞網絡，領先於CNN和MSNBC。
繼芝加哥和聖地亞哥的轉換之後，Nexstar超額完成了ATSC 3.0計劃的目標，來自Nexstar旗下或合作電臺的ATSC 3.0信號爲50％的美國人口提供了服務。
Nexstar預計廣告策略將發生變化，目標是到2025年在電視臺層面內部部署政治廣告銷售隊伍。
該公司強調體育直播和新聞是觀衆參與和價值創造的關鍵驅動力。
首席執行官佩裏·蘇克暗示該公司計劃探索戰略擴張機會，並通過潛在的收購創造額外的股東價值。
與Comscore和尼爾森達成的新協議預計將爲廣告目的提供對公司受衆的更好見解。
More details: Nexstar Media Group IR
更多詳情： Nexstar 媒體集團投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。