Nexstar Media Q3 revenue meets expectations, EBITDA beats estimates

Nexstar Media

06/11/2025 12:19

Overview

Nexstar Q3 revenue meets analyst expectations, adjusted EBITDA beats estimates

Net income for Q3 decreases 63.9% yr/yr, impacted by lower political advertising

Company enters agreement to acquire TEGNA Inc. for $6.2 bln

Outlook

Nexstar anticipates closing the TEGNA acquisition by the second half of 2026

Company aims to capitalize on 2026 mid-term election political advertising

Nexstar focuses on completing distribution renewals to drive shareholder value

Result Drivers

POLITICAL ADVERTISING DECLINE - Co attributes revenue drop to a $145 mln decrease in political advertising, typical outside election cycles

EXPENSE MANAGEMENT - Strong expense management led to lower operating expenses yr/yr, partially offsetting revenue declines

NETWORK GROWTH - NewsNation and The CW contributed to results with audience growth and reduced losses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Meet
$1.20 bln
$1.20 bln (6 Analysts)
Q3 Net Income
$65 mln
Q3 Adjusted EBITDA
Beat
$358 mln
$346.87 mln (6 Analysts)
Q3 Income from Operations
$175 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the broadcasting peer group is "buy"

Wall Street's median 12-month price target for Nexstar Media Group Inc is $237.00, about 17.2% above its November 5 closing price of $196.32

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw2LBDvSa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)