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Nexstar Media Group, Inc. NXST Q3 2025 earnings

Reported November 6, 2025 · Before market open

Revenue$1.2BMiss by $51.9M
EPS$2.14Miss by $0.48
Revenue estimate$1.2B
EPS estimate$2.62

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$2.0B
EPS estimate$5.98

Financials

Q3 2025

Income statement

See full
Revenue$1.2B-12.3%
Operating income$175.0M-47.8%
Net income$70.0M-62.6%
EPS (diluted)$2.14-59.4%

Balance sheet

See full
Cash & equivalents$236.0M+30.4%
Total debt$6.7B-4.7%
Total equity$2.3B+3.0%
Total assets$11.2B-3.8%

Cash flow

See full
Operating cash flow$117.0M-69.8%
CapEx$30.0M+3.4%
Free cash flow$87.0M-75.7%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$5.99B+10.5%
Enterprise value$12.42B+1.5%
P/E11.6×+2.5×
P/S1.2×+0.1×

Profitability

See full
Operating margin19.9%-0.8pp
Net margin10%-1.3pp
FCF margin19.1%+2.3pp

Returns & leverage

See full
Return on equity23%-3.2pp
Debt / equity2.9×-0.2×
Current ratio1.9×+0.2×

Segments

By segment

See full
Reportable Broadcast$1.1B—
All Other Segments$80.0M-1.2%
Corporate$3.0M—

By product

See full
Distribution Service$709.0M-1.4%
Advertising$476.0M-23.5%
Other$13.0M-48.0%

Versus estimates

Revenue

Q1 2026$1.4BBeat by $116.0MQ4 2025$1.3BBeat by $38.3M
Q3 2025$1.2BMiss by $51.9M
Q2 2025$1.2BBeat by $17.2MQ1 2025$1.2BBeat by $7.5MQ4 2024$1.5BBeat by $238.5M

Diluted EPS

Q1 2026$6.15Beat by $1.72Q4 2025$4.30Beat by $0.29
Q3 2025$2.14Miss by $0.48
Q2 2025$3.06Beat by $0.11Q1 2025$3.37Beat by $0.11Q4 2024$7.56Miss by $1.66

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Questions, answered.

When did Nexstar Media Group, Inc. report Q3 2025 earnings?
Nexstar Media Group, Inc. (NXST) reported Q3 2025 earnings on November 6, 2025 before market open.
What were Nexstar Media Group, Inc.'s Q3 2025 revenue and EPS?
Nexstar Media Group, Inc. reported revenue of $1.2B and eps of $2.14 for Q3 2025.
Did Nexstar Media Group, Inc. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $1.2B by $51.9M. EPS missed the consensus estimate of $2.62 by $0.48.
How did Nexstar Media Group, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 12.3% from $1.4B a year earlier and eps declined 59.4% from $5.27.
Where can I find Nexstar Media Group, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-268039) and the 10-Q periodic report (0001193125-25-269795) directly on SEC EDGAR. The filing index links above go to sec.gov.