Nexstar Media Group, Inc. (NASDAQ:NXST) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET
Company Participants
Joe Jaffoni - Investor Relations
Perry Sook - Chairman & Chief Executive Officer
Tom Carter - President & Chief Operating Officer
Lee Ann Gliha - Chief Financial Officer
Conference Call Participants
Dan Kurnos - The Benchmark Company
Craig Huber - Huber Research Partners
Jim Goss - Barrington Research
Aaron Watts - Deutsche Bank
Steven Cahall - Wells Fargo
Barton Crockett - Rosenblatt Securities
Nick Zangler - Stephens
Operator
Good day and welcome to the Nexstar Media Group Third Quarter 2022 Results Conference Call. Today's call is being recorded.
Now, I would like to turn the conference over to Joe Jaffoni, Investor Relations. Please go ahead.
Joe Jaffoni
Thank you Jake and Happy Election Day everyone. I'll read the Safe Harbor language and then we'll get right into the call. All statements and comments made by management during this 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 the call.
For additional details on these risks and uncertainties, please see Nexstar's annual report on Form 10-K for the year ended December 31st, 2021 as filed with the Securities and Exchange Commission and Nexstar's 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.
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 this morning on this election day to discuss Nexstar's record third quarter financial results. With me on the call today 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 followed by Tom's operational review as well as Lee Ann's financial review then we'll get to your questions.
Nexstar delivered another period of outstanding financial results and shareholder returns including all-time high third quarter net revenue, adjusted EBITDA, and free cash flow. Our record top and bottom-line performance was led by strong year-over-year growth in political advertising, distribution, and digital revenue.