Nexstar Media Group ( (NXST) ) has released its Q3 earnings. Here is a breakdown of the information Nexstar Media Group presented to its investors.
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Nexstar Media Group is a leading American media company operating in the television broadcasting sector, known for its expansive network of local television stations and its ownership of NewsNation and The CW Network. In its third quarter of 2025, Nexstar Media Group reported a net revenue of $1.20 billion, with a net income of $65 million and an adjusted EBITDA of $358 million. The company also announced a significant strategic move with a definitive agreement to acquire TEGNA Inc. for $6.2 billion, which is expected to enhance its cash flow and market position. Key financial metrics showed a decline in net revenue by 12.3% year-over-year, primarily due to decreased political advertising revenue. Despite these challenges, Nexstar’s core business remained stable, with notable growth in its cable network, NewsNation, and audience growth for The CW. Looking ahead, Nexstar’s management is focused on completing its acquisition of TEGNA Inc., renewing distribution agreements, and leveraging the upcoming 2026 mid-term elections to drive shareholder value.