Revenue during the quarter grew 23.60 percent to $275.66 million from $223.03 million in the previous year period. Gross margin for the quarter contracted 127 basis points over the previous year period to 64.39 percent. Total expenses were 73.56 percent of quarterly revenues, down from 78.34 percent for the same period last year. This has led to an improvement of 478 basis points in operating margin to 26.44 percent.

Operating income for the quarter was $72.90 million, compared with $48.32 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $98.24 million compared with $73.18 million in the prior year period. At the same time, adjusted EBITDA margin improved 282 basis points in the quarter to 35.64 percent from 32.81 percent in the last year period.

Perry A. Sook, chairman, president and chief executive officer of Nexstar Broadcasting Group, Inc. commented, “Nexstar’s record third quarter financial results were highlighted by solid core revenue growth, our ability to maximize the Olympic and political revenue opportunities, growing retransmission consent revenues, impressive digital growth and the ongoing benefits of our results-focused operating disciplines. These factors drove record third quarter net revenue, which led to record third quarter operating income, BCF, adjusted EBITDA and free cash flow, and we brought about 21% of every net revenue dollar to the free cash flow line. Reflecting the benefits of scale and the strong operating leverage in our business model, Nexstar’s 23.6% rise in third quarter net revenue resulted in 30.4% growth in third quarter BCF, a 34.2% increase in adjusted EBITDA and a 26.6% rise in free cash flow.