Nexstar Media Group, Inc. (NASDAQ:NXST) Q4 2022 Earnings Conference Call February 28, 2023 10:00 AM ET
Company Participants
Joseph Jaffoni - Investor Relations
Perry Sook - Chairman and Chief Executive Officer
Tom Carter - President and Chief Operating Officer
Lee Ann Gliha - Executive Vice President and Chief Financial Officer
Conference Call Participants
Craig Huber - Huber Research Partners
Steven Cahall - Wells Fargo
Daniel Kurnos - Benchmark Company
Nicholas Zangler - Stephens
Jim Goss - Barrington Research
Barton Crockett - Rosenblatt Securities
Operator
Good day, and welcome to Nexstar Media Group Fourth Quarter and Full-Year 2022 Conference Call. Today's call is being recorded. And now I would like to turn the conference over to Joe Jaffoni, Investor Relations. Please go ahead, sir.
Joseph Jaffoni
Thanks, Priscilla, and good morning, everyone. I'll first read the safe harbor language, and then we'll get right into the call. All statements and comments made by management during today's conference call, other than statements of historical fact may be deemed forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Nexstar cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those reflected by the forward-looking statements made during this call.
For additional details on these risks and uncertainties, please see Nexstar's annual report on Form 10-K for the year ended December 31, 2021, as filed with the Securities and Exchange Commission and Nexstar subsequent public filings with the SEC. Nexstar undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
With that, it's now my pleasure to turn the conference over to your host, Nexstar Chairman and CEO, Perry Sook. Perry, please go ahead.
Perry Sook
Thank you, Joe, and good morning, everyone. We appreciate you joining us today to discuss Nexstar's outstanding fourth quarter and full-year financial results. As always, with me on the call this morning are Tom Carter, our President and Chief Operating Officer; and Lee Ann Gliha, our CFO.
I'll start with a summary of recent highlights and developments. That will be followed by Tom's operations review and Lee Ann's financial review, and then we'll open the call for questions from you.
It's clear from our results that 2022 was a monumental year for Nexstar and a referendum on the power of the broadcast model and its ability to deliver audiences at scale and strong levels of free cash flow. Full-year net revenue, adjusted EBITDA and attributable free cash flow reached new all-time highs. We exceeded the $5 billion annual revenue milestone for the first time in the company's history, and we delivered record adjusted EBITDA, attributable free cash flow of $2.2 billion and $1.5 billion, respectively.