Quarterly ResultAug 6, 2026, 07:08 AM
Nexstar Reports Record Q2 Net Revenue of $1.99B; Net Income $113M
AI Summary
Nexstar Media Group reported record second-quarter 2026 net revenue of $1.99 billion, a 62.2% increase year-over-year, primarily driven by the TEGNA acquisition and strong advertising. The company achieved a net income of $113 million and Adjusted EBITDA of $633 million. Nexstar also repaid $409 million in debt and returned $57 million to shareholders, while continuing to vigorously defend the lawsuit challenging its acquisition of TEGNA.
Key Highlights
- Record Q2 Net Revenue increased 62.2% to $1.99 billion.
- Q2 Net Income rose 24.2% to $113 million.
- Q2 Adjusted EBITDA grew 62.7% to $633 million.
- Q2 Adjusted Free Cash Flow surged 135.6% to $238 million.
- Repaid $409 million of debt and returned $57 million to shareholders in Q2.
- Distribution revenue increased 52.3% to $1.116 billion.
- Advertising revenue increased 81.5% to $862 million, including $147 million political ad revenue.
- D.C. Circuit rejected challenges to TEGNA acquisition approval; District Court trial set for July 2027.
Price Impact
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