• Nexstar Media average ebitda margin for 2023 was 35.46%, a 7.85% decline from 2022.
• Nexstar Media average ebitda margin for 2022 was 38.48%, a 6.85% decline from 2021.
• Nexstar Media average ebitda margin for 2021 was 41.31%, a 1.37% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.