Earnings ·
Nexstar Media Group reported record second quarter 2026 net revenue of $1.99 billion, a 62.2% increase year-over-year…
NXSTNexstar Media Group, Inc.
Nexstar Media Group reported record second quarter 2026 net revenue of $1.99 billion, a 62.2% increase year-over-year, driven by its acquisition of TEGNA Inc. and strong political advertising demand in an election year. Net income rose 24.2% to $113 million, while Adjusted EBITDA increased 62.7% to $633 million. The company returned $57 million to shareholders via dividends and repaid $409 million of debt during the quarter. Nexstar also provided a litigation update regarding the TEGNA acquisition, noting that the D.C. Circuit rejected challenges to FCC approval, though a preliminary injunction remains in place pending trial scheduled for July 2027. The company operates as a broadcast television and digital media conglomerate.