Nexstar Media Group, Inc. income statement
In fiscal 2025, Nexstar Media Group, Inc. reported revenue of $4.95bn, down 8.5% on the year before, operating income of $849m (a 17.2% margin) and net income of $109m, or $3.00 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 313 | 306 | 379 | 502 | 631 | 896 | 1,103 | 2,432 | 2,767 | 3,039 | 4,501 | 4,648 | 5,211 | 4,933 | 5,407 | 4,949 | 5,876 |
| Selling, general and administrative | 101 | 105 | 118 | 152 | 175 | 232 | 264 | 605 | 580 | 730 | 912 | 1,024 | 1,098 | 1,098 | 1,088 | 1,063 | 1,327 |
| Operating income | 68 | 48 | 100 | 103 | 173 | 206 | 287 | 506 | 758 | 655 | 1,375 | 1,175 | 1,312 | 708 | 1,268 | 849 | 1,044 |
| Interest expense | 54 | 53 | 52 | — | 62 | 81 | 117 | — | — | — | — | — | — | — | — | — | — |
| Net interest income | — | −53 | −52 | −66 | −62 | −81 | −116 | −241 | −221 | −304 | −335 | −283 | −337 | −447 | −444 | — | — |
| Income before tax | 5 | −6 | 45 | 1 | 111 | 125 | 171 | 241 | 533 | 373 | 1,105 | 1,093 | 1,217 | 401 | 959 | 150 | 212 |
| Income tax | 7 | 6 | −132 | 3 | 46 | 49 | 78 | −234 | 145 | 137 | 297 | 263 | 274 | 131 | 276 | 67 | 44 |
| Net income | −2 | −12 | 182 | −2 | 65 | 78 | 92 | 475 | 389 | 230 | 812 | 834 | 971 | 346 | 722 | 109 | 188 |
| Diluted EPS | −$0.06 | −$0.42 | $5.94 | −$0.06 | $2.02 | $2.42 | $2.89 | $10.07 | $8.21 | $4.80 | $17.37 | $18.98 | $24.16 | $9.64 | $21.41 | $3.00 | $6.09 |
| Diluted shares (average) | — | 29m | 31m | 30m | 32m | 32m | 32m | 47m | 47m | 48m | 47m | 44m | 40m | 36m | 33m | 31m | 31m |
| EBITDA | 89 | 70 | 123 | 137 | 208 | 253 | 339 | 606 | 868 | 979 | 1,940 | 1,764 | 1,974 | 1,196 | 1,752 | 1,320 | 1,392 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,366 | 1,487 | 1,234 | 1,229 | 1,198 | 1,289 | 1,396 | 1,993 |
| Selling, general and administrative | 277 | 270 | 257 | 262 | 270 | 273 | 327 | 457 |
| Operating income | 335 | 417 | 220 | 213 | 175 | 242 | 265 | 362 |
| Interest expense | 113 | — | — | — | 94 | — | — | — |
| Net interest income | −113 | −104 | −97 | −97 | — | — | — | — |
| Income before tax | 244 | 337 | 138 | 130 | 96 | −214 | 153 | 177 |
| Income tax | 64 | 107 | 41 | 39 | 31 | −44 | −7 | 64 |
| Net income | 187 | 242 | 108 | 97 | 70 | −166 | 164 | 120 |
| Diluted EPS | $5.27 | $7.45 | $3.37 | $3.06 | $2.14 | −$5.57 | $5.09 | $3.61 |
| EBITDA | 525 | 313 | 337 | 331 | 365 | 121 | 386 | 520 |
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