Nexstar Q2 net revenue falls 3.2% to $1.23 billion; net income down 14.2% to $91 million
Nexstar Media Group reported second-quarter 2025 results for the period ended June 30, 2025, with net revenue of $1.23 billion, down 3.2% from a year earlier, mainly due to lower political advertising. Net income fell 14.2% to $91 million and Adjusted EBITDA fell 6.0% to $389 million, while net cash from operating activities rose 40.3% to $247 million. Shareholders see lower revenue and profit, partly offset by higher operating cash flow and $106 million returned to shareholders in the quarter.
Key points
- Net revenue was $1.23 billion, down $40 million or 3.2%; advertising revenue fell 9.0% to $475 million, with political advertising down $36 million.
- Net income was $91 million, down 14.2%; Adjusted EBITDA was $389 million, down 6.0%, with margin at 31.7% versus 32.6%.
- Net cash provided by operating activities rose 40.3% to $247 million; Adjusted Free Cash Flow was $101 million, up 31.2%.
- In the quarter the company repaid $101 million of debt, paid $56 million in dividends and repurchased $50 million of stock; total debt was $6.4 billion as of June 30, 2025.
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 August 07, 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.