The earnings call presented a mixed picture. While the acquisition of TEGNA and growth in sports programming and NewsNation highlight positive developments, the decline in net revenue and challenges in distribution and advertising revenues highlight significant challenges.
Company Guidance
During Nexstar Media Group's Third Quarter 2025 Conference Call, CEO Perry Sook provided guidance on the company's recent $6.2 billion acquisition of TEGNA, indicating that the transaction would enhance Nexstar's scale and community impact by adding 64 top-performing stations. He highlighted that, on a combined pro forma basis, Nexstar and TEGNA generated over $8 billion in revenue and $2.56 billion of adjusted EBITDA. The acquisition is projected to be more than 40% accretive to Nexstar's stand-alone adjusted free cash flow, with anticipated synergies of around $300 million. Despite expected incremental interest expenses, Sook assured that there would only be a modest increase in pro forma net leverage. The transaction is anticipated to close in the second half of 2026, pending regulatory approvals. Sook also noted Nexstar's disciplined approach to capital allocation, conserving cash for the TEGNA acquisition, which aligns with Nexstar's strategy for growth and shareholder value creation.
Acquisition of TEGNA
Nexstar announced a definitive agreement to acquire TEGNA in a $6.2 billion cash transaction. The acquisition is expected to strengthen Nexstar's position as a leading local media company and is projected to be more than 40% accretive to Nexstar's stand-alone adjusted free cash flow.
Strong Performance in Sports Programming
Broadcast television remains a strong segment, with a 20% increase in time spent watching from August to September. NFL viewership reached an average of 18 million viewers per game, and CW Sports delivered its best quarter since the launch of live sports programming.
NewsNation Growth
NewsNation ranked as the #1 basic cable network for year-over-year growth in the third quarter. It surpassed MSNBC 57 times and CNN 39 times in head-to-head telecasts across total viewers.
Reduction in CW Losses
Losses at the CW were reduced by $5 million or 24% year-over-year in the third quarter, with distribution and advertising revenue growth offsetting lower licensing revenue.
Nexstar Media Group (NXST) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NXST Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 06, 2025
$194.44
$187.49
-3.57%
Aug 07, 2025
$183.57
$181.15
-1.32%
May 08, 2025
$151.43
$159.61
+5.40%
Feb 27, 2025
$142.15
$157.93
+11.10%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nexstar Media Group (NXST) report earnings?
Nexstar Media Group (NXST) is schdueled to report earning on Feb 26, 2026, Before Open (Confirmed).
What is Nexstar Media Group (NXST) earnings time?
Nexstar Media Group (NXST) earnings time is at Feb 26, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.