NEXSTAR MEDIA GROUP, INC.NXSTEarnings & Financial Report
Nexstar Media Group, Inc. is an American publicly traded media company with headquarters in Irving, Texas; Midtown Manhattan; and Chicago. Founded on June 17, 1996, the company is the largest television station owner in the United States, owning 197 television stations across the United States, most of which are affiliated with the four major American television networks and MyNetworkTV in markets as large as New York City and as small as San Angelo, Texas. It also operates all of the station...
Revenue
$1.2B
Gross Profit
N/A
Operating Profit
$175.0M
Net Profit
$70.0M
Gross Margin
N/A
Operating Margin
14.6%
Net Margin
5.8%
YoY Growth
-12.3%
EPS
$2.14
Financial Flow
NEXSTAR MEDIA GROUP, INC. Q3 2025 Financial Summary
NEXSTAR MEDIA GROUP, INC. reported revenue of $1.2B (down 12.3% YoY) for Q3 2025, with a net profit of $70.0M (down 62.6% YoY) (5.8% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $1.2B |
|---|---|
| Net Profit | $70.0M |
| Gross Margin | N/A |
| Operating Margin | 14.6% |
| Report Period | Q3 2025 |
Revenue Breakdown
NEXSTAR MEDIA GROUP, INC. Q3 2025 revenue of $1.2B breaks down across 4 segments, led by Distribution Service at $694.0M (57.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Distribution Service | $694.0M | 57.9% |
| Advertising | $427.0M | 35.6% |
| Other | $64.0M | 5.3% |
| Corporate | $3.0M | 0.3% |
NEXSTAR MEDIA GROUP, INC. Revenue by Segment — Quarterly Trend
NEXSTAR MEDIA GROUP, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Distribution Service and Advertising) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Distribution Service | $704.0M | $694.0M | $718.0M | $747.0M |
| Advertising | $491.0M | $427.0M | $423.0M | $411.0M |
| Other | $78.0M | $64.0M | $77.0M | $63.0M |
| Corporate | $3.0M | $3.0M | $2.0M | $2.0M |
NEXSTAR MEDIA GROUP, INC. Annual Revenue by Year
NEXSTAR MEDIA GROUP, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.9B |
| 2024 | $5.4B |
| 2023 | $4.9B |
| 2022 | $5.2B |
NEXSTAR MEDIA GROUP, INC. Quarterly Revenue & Net Profit History
NEXSTAR MEDIA GROUP, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $1.3B | -13.4% | $-166.0M | -12.9% |
| Q3 2025 | $1.2B | -12.3% | $70.0M | 5.8% |
| Q2 2025 | $1.2B | -3.2% | $97.0M | 7.9% |
| Q1 2025 | $1.2B | -3.9% | $108.0M | 8.8% |
| Q4 2024 | $1.5B | +14.1% | $242.0M | 16.3% |
| Q3 2024 | $1.4B | +20.7% | $187.0M | 13.7% |
| Q2 2024 | $1.3B | +2.3% | $118.0M | 9.3% |
| Q1 2024 | $1.3B | +2.1% | $175.0M | 13.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | $1.27B | $1.37B | $1.49B | $1.23B | $1.23B | $1.20B | $1.29B |
| YoY Growth | 2.1% | 2.3% | 20.7% | 14.1% | -3.9% | -3.2% | -12.3% | -13.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $11.95B | $11.82B | $11.69B | $11.47B | $11.41B | $11.33B | $11.25B | $10.85B |
| Liabilities | $9.60B | $9.54B | $9.45B | $9.20B | $9.16B | $9.07B | $8.96B | $8.78B |
| Equity | $2.32B | $2.27B | $2.22B | $2.26B | $2.25B | $2.26B | $2.29B | $2.06B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $276.0M | $176.0M | $387.0M | $411.0M | $337.0M | $247.0M | $117.0M | $190.0M |