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Nexstar Media Group, Inc.

Nexstar Media Group, Inc.

NASDAQ•NXST
CEO: Mr. Perry A. Sook
Sector: Communication Services
Industry: Entertainment
Listing Date: 2003-11-25
Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services. The company offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites, mobile and over-the-top applications, other digital media solutions to media publishers, and advertisers and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks and other multicast network services. Further, its digital assets include local websites, mobile applications, connected television applications, free-ad supported television channels representing products of local television stations, The CW, The Hill and BestReviews, and a suite of advertising solutions. Additionally, the company engages in digital business; and management of real estate assets, including leasing of owned office and production facilities. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.
Contact Information
545 East John Carpenter Freeway, Suite 700, Irving, TX, 75062, United States
972-373-8800
www.nexstar.tv
Market Cap
$5.52B
P/E (TTM)
10.7
52.6
Dividend Yield
4.1%
52W High
$223.36
52W Low
$141.66
52W Range
50%
5.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$1.20B-12.30%
4-Quarter Trend

EPS

$2.16-59.55%
4-Quarter Trend

FCF

$87.00M-75.70%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Definitive TEGNA Merger Signed Agreement signed August 18, 2025, to acquire TEGNA for estimated $6.2B cash consideration, expected to close H2 2026.
Senior Credit Facilities Refinanced Refinancing completed June 2025, reducing interest margin and extending maturities; $157M of debt repaid during the nine months.
Shareholder Returns Maintained Quarterly dividend increased 10% to $1.86 per share; $125M in common stock repurchases executed during the nine months.
Cash Position Remains Strong Cash and cash equivalents totaled $236M as of September 30, 2025, representing a net increase of $92M year-to-date.

Risk Factors

Advertising Revenue Drops Nine-month net revenue fell 6.6% to $3.660B, primarily driven by a significant $246M decrease in political advertising sales.
Net Income Significantly Lower Net income attributable to Nexstar fell 42.7% to $275M for nine months ended September 30, 2025, compared to $480M prior.
TEGNA Integration Challenges Realizing anticipated synergies from the $6.2B TEGNA merger depends on successfully managing complex, costly integration processes.
Substantial Debt Load Total outstanding debt stands at $6.359B, requiring substantial portion of cash flow dedication to service principal and interest.

Outlook

Projecting TEGNA Close Acquisition of TEGNA is projected to close by the second half of 2026, contingent upon required regulatory approvals being satisfied.
CW Partnership Extended Extended The CW's broadcast partnership with the Pac-12 Conference through the 2030-31 season, ensuring network stability.
Monitoring New Tax Legislation Evaluating potential impact of new federal tax law (OBBBA) effective in 2025, which may affect the split between current and deferred taxes.
Maintaining Liquidity Compliance Company expects to maintain compliance with all financial covenants governing senior secured facilities for at least the next 12 months.

Peer Comparison

Revenue (TTM)

WPP plcWPP
$37.09B
+2.5%
Sirius XM Holdings Inc.SIRI
$8.55B
-2.8%
Turkcell Iletisim Hizmetleri A.S.TKC
$5.63B
+43.5%

Gross Margin (Latest Quarter)

Madison Square Garden Sports Corp.MSGS
77.0%
-6.2 pp
Sirius XM Holdings Inc.SIRI
49.1%
+0.5 pp
Turkcell Iletisim Hizmetleri A.S.TKC
27.2%
+3.2 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GSAT$7.98B-159.7-14.0%26.1%
SIRI$7.24B7.38.8%36.8%
NXST$5.52B10.722.9%59.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-7.0%
Growth Under Pressure
4Q Net Income CAGR
-33.9%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $1.20B-12.3%
    |
    EPS: $2.16-59.6%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $1.23B-3.2%
    |
    EPS: $3.09-13.9%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $1.23B-3.9%
    |
    EPS: $3.41-35.0%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $5.41B+9.6%
    |
    EPS: $21.73+121.7%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $1.37B+20.7%
    |
    EPS: $5.34+641.7%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $1.27B+2.3%
    |
    EPS: $3.59+34.0%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $1.28B+2.1%
    |
    EPS: $5.25+118.8%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 28, 2024|
    Revenue: $4.93B-5.3%
    |
    EPS: $9.80-60.3%
    Beat