NXSTNasdaqTelevision Broadcasting StationsFiscal year ends December 31
NEXSTAR MEDIA GROUP, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$165.80+1.21 (+0.74%)
Close on Oct 19, 2026
- Market cap
- $5.12B
- P/E (TTM)
- 31.4
- Dividend yield
- 4.49%
NEXSTAR MEDIA GROUP, INC. revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reportable Broadcast Segment [Member] | $4.66B | $5.13B | $4.61B | $5.03B | – | – | – | – | – | – | 94.1% | -9.3% |
| Other Segments [Member] | $346.00M | $317.00M | $339.00M | $173.00M | $106.80M | $81.50M | – | – | – | – | 7.0% | +9.1% |
| Corporate (Unallocated) [Member] | $10.00M | $10.00M | $10.00M | $9.00M | $7.80M | $9.30M | – | – | – | – | 0.2% | 0.0% |
| Other [Member] | – | – | $72.00M | $112.00M | $114.00M | -$142.30M | -$182.88M | $154.17M | $125.56M | $62.49M | – | – |
| Broadcasting [Member] | – | – | – | – | – | – | – | – | – | $1.04B | – | – |
| Broadcast [Member] | – | – | $4.61B | $5.03B | $4.53B | $4.41B | $1.05B | $2.61B | $2.31B | $1.04B | – | – |
| Corporate (Unallocated) and Other [Member] | – | – | $72.00M | $112.00M | $114.00M | – | – | – | – | – | – | – |
| The CW [Member] | – | – | $250.00M | $66.00M | – | – | – | – | – | – | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Segments [Member] | – | – | – | -$82.90M | $15.50M | $5.10M | – | – | – | – | – |
| Corporate (Unallocated) [Member] | – | – | – | -$189.80M | -$168.30M | -$147.40M | – | – | – | – | – |
| Other [Member] | – | – | – | – | – | -$161.44M | -$293.11M | -$160.62M | -$189.34M | -$85.19M | – |
| Broadcasting [Member] | – | – | – | – | – | – | – | – | – | $372.50M | – |
| Broadcast [Member] | – | – | $1.67B | $2.17B | $1.74B | $1.82B | $948.24M | $918.40M | $694.97M | $372.50M | – |
| Corporate (Unallocated) and Other [Member] | – | – | -$180.00M | -$180.00M | -$153.00M | – | – | – | – | – | – |
| The CW [Member] | – | – | -$202.00M | -$70.00M | – | – | – | – | – | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Distribution [Member] | $2.92B | $2.93B | $2.73B | $2.57B | $2.47B | $2.15B | $1.37B | $1.12B | $995.79M | – | 59.1% | -0.1% |
| Advertising [Member] | $1.96B | $2.42B | $2.12B | $2.59B | – | – | – | – | – | – | 39.6% | -18.9% |
| Other [Member] | $66.00M | $64.00M | $85.00M | $51.00M | $46.00M | $46.60M | $24.52M | $26.49M | $17.86M | $6.15M | 1.3% | +3.1% |
| Local [Member] | – | – | – | – | – | – | – | $797.71M | $805.36M | $344.36M | – | – |
| National [Member] | – | – | – | – | – | – | – | $292.21M | $302.66M | $122.32M | – | – |
| Political [Member] | – | – | – | – | – | – | – | $251.21M | $26.87M | $92.26M | – | – |
| Retransmission Compensation {Member] | – | – | – | – | – | – | – | $1.12B | $995.79M | $394.04M | – | – |
| Digital [Member] | – | – | $395.00M | $365.00M | $322.00M | $223.40M | $241.52M | $261.16M | $226.75M | $98.38M | – | – |
| Trade [Member] | – | – | – | – | $12.74M | $12.18M | $17.39M | $16.84M | $14.20M | $11.00M | – | – |
| Trade and Barter Revenue [Member] | – | – | – | – | – | – | – | – | $56.68M | $45.69M | – | – |
| Net Broadcast Revenue (Including Trade) [Member] | – | – | – | – | – | – | $3.04B | $2.77B | $2.43B | $1.10B | – | – |
| Core Advertising (Local and National) [Member] | – | – | – | – | $1.76B | $1.57B | $1.34B | $1.09B | $1.11B | – | – | – |
| Political Advertising [Member] | – | – | $66.00M | $506.00M | $45.00M | $507.60M | $51.89M | $251.21M | $26.87M | – | – | – |
| Core Advertising [Member] | – | – | $1.66B | $1.72B | $1.76B | $1.57B | – | – | – | – | – | – |
By region
From the segment and revenue-disaggregation notes of Nexstar Media's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.