NEXSTAR MEDIA GROUP Reports $2.1 BILLION Quarterly Revenue

Published November 5, 2026 at 9:23 AM EST

NEXSTAR MEDIA GROUP reported quarterly results highlighted by nEXSTAR MEDIA GROUP REPORTS RECORD QUARTERLY NET REVENUE OF $2.1 BILLION, according to its earnings release filed with an 8-K Thursday.

Q3 Net Revenue Drives Net Income of $250 Million, Adjusted EBITDA of $756 Million, Net Cash Provided by Operating Activities of $680 Million and Adjusted Free Cash Flow of $443 Million. Delivered Record Q3 Political Advertising Revenue of $317 Million. Repaid $1.3 Billion of Debt Year-to-Date through Today and Returned $58 Million to Shareholders in Dividends in Q3. Adjusted Free Cash Flow (2).

Results detail

Further figures in the release included (1) Net Income margin is Net Income as a percentage of Net Revenue. Adjusted EBITDA margin is Adjusted EBITDA as a percentage of Net Revenue; In the third quarter of 2026, the Company used cash on hand and cash flow from operations to repay $350 million of debt and pay $58 million in dividends.

The filing is an Item 2.02 results announcement furnished with Exhibit 99.1. Comparisons use the year-earlier period as presented by NEXSTAR MEDIA GROUP unless the release specifies another baseline. Where both GAAP and non-GAAP metrics appear, both are summarized when the extract includes them.

Segment mix, cash flow and any outlook language in the release are the usual secondary reads after the headline revenue and earnings figures. One-time items—restructuring, impairments, gains on sales or legal settlements—can move GAAP profit without changing the run-rate story, so reconciliations remain essential.

Why it matters

For retail investors, the NEXSTAR MEDIA GROUP print is a check on whether growth, margins and cash generation are moving together. The figures above come from the company’s Exhibit 99.1 earnings materials; how they stack up against the prior-year run rate and any guide published with the release will shape the near-term debate.

By the numbers

NEXSTAR MEDIA GROUP REPORTS RECORD QUARTERLY NET REVENUE OF $2.1 BILLION
Q3 Net Revenue Drives Net Income of $250 Million, Adjusted EBITDA of $756 Million, Net Cash Provided by Operating Activities of $680 Million and Adjusted Free Cash Flow of $443 Million
Delivered Record Q3 Political Advertising Revenue of $317 Million
Repaid $1.3 Billion of Debt Year-to-Date through Today and Returned $58 Million to Shareholders in Dividends in Q3
Adjusted Free Cash Flow (2)
(1) Net Income margin is Net Income as a percentage of Net Revenue. Adjusted EBITDA margin is Adjusted EBITDA as a percentage of Net Revenue.

Sources

NEXSTAR MEDIA GROUP, INC. Form 8-K with quarterly financial results, filed 2026-11-05 (accession 0001193125-26-448528)

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