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Q2 Earnings: Nexstar Revenue Rises 42%

Nexstar Broadcasting reported net revenue of $126.2 million for the second quarter of 2013, a 42% increase compared to the year-ago quarter.

Local and national core revenue was up 44% compared to the second quarter of 2012, with local revenues up 40.9% and national revenues up 51.8%. E-media revenues and retransmission revenues were also up significantly for the quarter, increasing 73.2% and 63.1%, respectively. Political revenues fell 69.5% in the non-election year.

“Nexstar’s growth and operating momentum is accelerating in 2013 and we remain confident that continued year-over-year growth in all of our non-political revenue sources in the second half of the year will result in record annual revenue and free cash flow,” Nexstar chairman and CEO Perry A. Sook said in a statement.

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