Nexstar Q1 net revenue falls 3.9% to $1.23 billion; net income down 41.9%
Nexstar Media Group reported first quarter 2025 net revenue of $1.23 billion, down 3.9% from a year earlier, mainly due to lower political advertising. Net income fell 41.9% to $97 million, and diluted earnings per share were $3.37 versus $5.16 a year earlier. The company also raised its quarterly dividend 10% to $1.86 per share and returned $132 million to shareholders in the quarter.
Key points
- Net revenue was $1.23 billion, down $50 million or 3.9%; advertising revenue fell 10.2% to $460 million while distribution revenue rose 0.1% to a record $762 million for a first quarter.
- Net income was $97 million versus $167 million a year earlier; Adjusted EBITDA was $381 million, down 15.7%, with margin at 30.9% versus 35.2%.
- Net cash provided by operating activities rose 22.1% to $337 million, while Adjusted Free Cash Flow fell 10.5% to $348 million.
- The quarterly dividend was raised 10% to $1.86 per share, the twelfth consecutive annual increase; the company repurchased 441,164 shares for $75 million in the quarter.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.