Quarterly ResultMay 7, 2026, 07:08 AM
Nexstar Media Group Q1 Net Revenue $1.40B, up 13.1%; Net Income +64.9%
AI Summary
Nexstar Media Group reported record first-quarter 2026 financial results, with net revenue increasing 13.1% to $1.40 billion and net income rising 64.9% to $160 million. The company successfully closed its acquisition of TEGNA Inc. on March 19, 2026, which contributed to the strong performance. Nexstar also returned $56 million to shareholders in dividends and repaid $182 million of debt through April 30, while NewsNation continued its growth trajectory and The CW Network progressed towards profitability.
Key Highlights
- Closed acquisition of TEGNA Inc. on March 19, 2026, following regulatory approvals.
- Q1 2026 Net Revenue was $1.40 billion, a 13.1% increase year-over-year.
- Q1 2026 Net Income was $160 million, a 64.9% increase year-over-year.
- Q1 2026 Adjusted EBITDA was $470 million, a 23.4% increase year-over-year.
- Returned $56 million to shareholders in dividends in Q1 2026.
- Repaid $182 million of debt through April 30.
- NewsNation grew 85% in total viewers and 100% among Adults 25-54 in March 2026.
- Q1 2026 Adjusted Free Cash Flow was $420 million, a 20.7% increase year-over-year.