The earnings call presented a mix of positive and negative elements. While Nexstar showcased strong financial management and success in expanding its audience through NewsNation and The CW, it also faced challenges in declining revenue and advertising, especially within the automotive sector. Regulatory developments offer potential future advantages, but the current landscape includes significant obstacles.

Company Guidance

During Nexstar Media Group's Second Quarter 2025 conference call, Perry Sook, the Founder, Chairman, and CEO, highlighted several key metrics. For the first half of 2025, Nexstar generated an adjusted EBITDA of $770 million and an adjusted free cash flow of nearly $450 million. They returned $238 million, or 53% of adjusted free cash flow, to shareholders through share repurchases and dividends. The company's net revenue for the second quarter was $1.23 billion, a decrease of 3.2% compared to the previous year, primarily due to a reduction in political advertising. Distribution revenue was $733 million, essentially flat year-over-year. Advertising revenue totaled $475 million, with nonpolitical advertising down by 2.5% year-over-year. Nexstar's digital revenue contributed positively, with mid-single-digit growth. The CW network improved profitability by $21 million year-over-year, and the company remains on track to improve CW losses by about 25% for the year. Nexstar's balance sheet was further strengthened by refinancing its credit facilities, with debt reduced to $6.4 billion. The second quarter's adjusted EBITDA was $389 million, representing a 31.7% margin.

Strong Financial Performance

Nexstar delivered solid financial results with adjusted EBITDA of $770 million and adjusted free cash flow of nearly $450 million for the first half of 2025. The company returned $238 million or 53% of adjusted free cash flow to shareholders.

Success of NewsNation and The CW

NewsNation was ranked the #1 basic cable network for year-over-year growth with viewership increasing by nearly 50%. The CW achieved 5 consecutive quarters of audience growth and is now the #8 ranked network in total audience growth.

Refinancing and Debt Repayment

Nexstar refinanced its credit facilities and term loans, extending maturities and strengthening its capital structure. The company allocated $132 million to debt repayment.

Regulatory Progress

Positive developments in regulatory reform, including the FCC's move to refresh the record on the national ownership cap and the Eighth Circuit vacating a Top-Four rule.

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

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NXST Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	2.53 / -	5.27	―	―	―
Aug 07, 2025	2025 (Q2)	2.71 / 3.06	3.54	-13.56% (-0.48)	―
May 08, 2025	2025 (Q1)	3.10 / 3.37	5.16	-34.69% (-1.79)	―
Feb 27, 2025	2024 (Q4)	8.06 / 7.56	3.32	127.71% (+4.24)	―
Nov 07, 2024	2024 (Q3)	5.41 / 5.27	0.7	652.86% (+4.57)	―
Aug 08, 2024	2024 (Q2)	3.65 / 3.54	2.64	34.09% (+0.90)	―
May 09, 2024	2024 (Q1)	3.97 / 5.16	2.97	73.74% (+2.19)	―
Feb 28, 2024	2023 (Q4)	4.15 / 3.32	5.3	-37.36% (-1.98)	―
Nov 08, 2023	2023 (Q3)	1.34 / 0.70	7.3	-90.41% (-6.60)	―
Aug 08, 2023	2023 (Q2)	2.35 / 2.64	5.56	-52.52% (-2.92)	―

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
Aug 07, 2025	$185.34	$182.90	-1.32%
May 08, 2025	$152.89	$161.15	+5.40%
Feb 27, 2025	$143.52	$159.45	+11.10%
Nov 07, 2024	$175.73	$180.77	+2.87%

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 Nov 06, 2025, Before Open (Confirmed).

What is Nexstar Media Group (NXST) earnings time?

Nexstar Media Group (NXST) earnings time is at Nov 06, 2025, 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.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NXST EPS forecast?

NXST EPS forecast for the fiscal quarter 2025 (Q3) is 2.53.

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