Nexstar Media Group, Inc. (NXST) Q3 2020 Earnings Call Transcript @themotleyfool #stocks $NXST

So it’s not a huge revenue and profit category. It is double-digit millions into the 20s of millions of revenue already. And with the folks that lease spectrum from us, it’s into the 40s and 50s millions of revenue and has a nice profit margin with it. But that’s in the scheme of a company that did over $1 billion in net revenue this quarter — this past quarter. So — but it is an area for growth. And again, we’re mining those — mining all of those organic growth opportunities that we have, given the size and scope of the company we’ve assembled.

Jim GossBarrington Research — Analyst

Okay. Thanks for your perspective.


We have no further questions in the queue. I would like to turn the conference back to your speakers for any additional or closing remarks.

Perry A. SookChairman and Chief Executive Officer

Well, thank you very much, everyone, for joining us today. We look forward to reporting in early February our Q4 results. And at that point, we’ll give you a perspective on guidance for 2021 and 2022. So thanks for joining us, and have a nice afternoon.


[Operator Closing Remarks]

Duration: 70 minutes

Call participants:

Joe JaffoniInvestor Relations

Perry A. SookChairman and Chief Executive Officer

Tom CarterChief Operating Officer and Chief Financial Officer

Dan KurnosThe Benchmark — Analyst

Kyle EvansStephens — Analyst

Zack SilverB. Riley — Analyst

Craig HuberHuber Research Partners — Analyst

Bryan KraftDeutsche Bank — Analyst

John JanedisWolfe Research — Analyst

Steven CahallWells Fargo — Analyst

Jim GossBarrington Research — Analyst

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