The financials
Nexstar Media Group, Inc. by the numbers
Nexstar Media Group, Inc. (NXST) reported revenue of $1.99B in Q2 2026 (quarter ended June 30, 2026), up 62% from the same quarter a year earlier. That came with a gross margin of 53% and net income of $120M (6.0% of revenue). For the full year FY2025, revenue was $4.95B (−8.5% year on year) and net income $109M. Its largest segment in 2026-Q2 was Reportable Broadcast at $1.24B, 63% of the disclosed total, just ahead of Reportable TEGNA at 35%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $1.99B | $1.23B | +62% |
| Gross profit | $1.06B | $672M | +58% |
| Operating income | $362M | $213M | +70% |
| Net income | $120M | $97M | +24% |
| Diluted EPS | $3.61 | $3.06 | +18% |
| Operating | Revenue | Share |
|---|---|---|
| Reportable Broadcast | $1.24B | 63% |
| Reportable TEGNA | $697M | 35% |
| All Other | $34M | 1.7% |
| Corporate | $1.0M | 0.1% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.97B (+50%)
All Other grew +21% year on yearCorporate -50% year on year
Segment Latestquarter on quarteryear on year
- Reportable Broadcast$1.24B$1.24BQoQ +1.1%year on year +7.5%+1.1%+7.5%
- Reportable TEGNA$697.0M$697.0MQoQ -year on year ---
- All Other$34.0M$34.0MQoQ -62%year on year +21%-62%+21%
- Corporate$1.0M$1.0MQoQ 0.00%year on year -50%0.00%-50%