Nexstar Media Group Inc

NXST: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$252.00	Hgkp	Pkynjyvh

Nexstar Posts Slightly Better-Than-Expected Q2; Gambling Ads Could Drive Long-Term Revenue Growth

Neil Macker

Aug 4, 2021

Nexstar Media recorded a slightly better-than-anticipated second quarter, as revenue met and adjusted EBITDA came in above FactSet consensus. Same-station core advertising was up 42% as ad spending rebounded from the COVID-19 impact last year. The firm’s online efforts also bounced back as local advertisers returned to the market. We are maintaining our no-moat rating and $146 fair value estimate.

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