Nexstar reported record third-quarter 2026 net revenue of $2.13 billion, up 78.0% from a year earlier, driven largely by its acquisition of TEGNA, which contributed $765 million of incremental revenue. Net income rose to $250 million from $65 million, and diluted earnings per share were $7.92 compared with $2.14. The company also repaid $350 million of debt in the quarter and $525 million more after quarter end, while a preliminary injunction limits its ability to realize expected TEGNA synergies.
Q3 net revenue was $2,133 million, up from $1,198 million; advertising revenue rose 114.9% and distribution revenue rose 53.9%.
Q3 diluted earnings per share were $7.92, compared with $2.14 in the prior-year quarter.
Q3 Adjusted EBITDA was $756 million, up from $358 million, and political advertising revenue was a record $317 million.
Total debt was $11.4 billion at September 30, 2026; the company repaid an additional $525 million of secured credit facilities after quarter end.
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From Nexstar Media Group's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$4.95B
-8.5%
$3.00
-86.0%
2.2%
FY2024
$5.41B
+9.6%
$21.41
+122.1%
13.4%
FY2023
$4.93B
-5.3%
$9.64
-60.1%
7.0%
FY2022
$5.21B
+12.1%
$24.16
+27.3%
18.6%
FY2021
$4.65B
+3.3%
$18.98
+9.3%
17.9%
Frequently asked questions
When is Nexstar Media's next earnings date?
Nexstar Media has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did Nexstar Media earn last quarter?
For the quarter ended Sep 2026, Nexstar Media reported diluted EPS of $7.92 (+270.1% year over year) on revenue of $2.13B (+78.0%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.