Nexstar (NXST) Q2 Revenue Tops Estimates

Nexstar Media Group (NASDAQ:NXST), one of the largest U.S. owners of local television stations, released its second quarter 2025 results on August 7, 2025. The main takeaway was higher-than-expected GAAP revenue of $1.23 billion, beating consensus by $18.7 million (GAAP), although both net income and profitability ratios slid from last year. Diluted earnings per share (GAAP) came in at $3.06, above the $2.71 analyst estimate, but below the prior-year figure of $3.54 in diluted GAAP EPS. The quarter was marked by notable declines in advertising revenue. Overall, the quarter showcased resilient revenue and disciplined expense control, even as core broadcast trends remained pressured.

Source: Analyst estimates for the quarter provided by FactSet.

Nexstar Media Group operates a portfolio of more than 200 broadcast television stations across 116 U.S. markets, reaching approximately 70% of U.S. television households as of December 31, 2024, without applying the FCC UHF discount. It owns national media properties, including The CW, a national television network, and NewsNation, a 24-hour cable news network. The company generates revenue primarily from distribution fees paid by cable, satellite, and virtual television providers, as well as from advertising sales and other sources.

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Source Fool.com