Nexstar reports Q2 EPS $3.06, consensus $2.67

Reports Q2 revenue $1.23B, consensus $1.21B. The company said, “Second quarter 2025 marked another solid quarter of financial results for Nexstar (NXST). As expected, our year-over-year results were primarily impacted by lower non-election year political advertising revenue, offset, in part, by strong expense management. Our operational milestones during the quarter highlight the success of our network growth strategies both at The CW and NewsNation. According to Nielsen, in the first half of 2025, The CW ascended to the #8-ranked network overall, reflecting five consecutive quarters of primetime ratings growth and the success of our strategic pivot to sports programming which now accounts for over 40% of The CW’s programming hours. At NewsNation, shortly after celebrating its one-year anniversary as a 24/7 cable news network, Nielsen ranked NewsNation as the fastest growing network overall year-over-year. Looking ahead, we remain optimistic about the prospect for regulatory reform, completing our upcoming distribution renewals, and capitalizing on the 2026 mid-term election political advertising opportunity.”