On its surface, it appears that the nation’s No. 1 licensee of broadcast television stations didn’t perform so well in the final three months of 2021. Free Cash Flow was down 26.2%. Adjusted EBITDA was off by 24.5%.
However, tough comps due to very strong Q4 2020 political ad dollars are at play here. So, ex-political, how did Nexstar Media Group do in Q4 2021?
It beat the Street.