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Nexstar Media Group — Third Quarter 2026 Earnings Summary

Nexstar Media Group reported record third-quarter 2026 net revenue of $2.13 billion, driven by the acquisition of TEGNA and a 114.9% year-over-year increase in advertising revenue. The company achieved net income of $250 million and adjusted EBITDA of $756 million, with political advertising contributing $317 million to the quarter's total. During the period, Nexstar repaid $350 million of debt and distributed $58 million in dividends, while maintaining a pro forma first lien net leverage ratio of 3.03x as of September 30, 2026.

Company
NEXSTAR MEDIA GROUP INC
Sector
Communication Services
Industry
Entertainment