Nexstar Media Q4 revenue beats expectations, Adjusted EBITDA rises

Nexstar Media

26/02/2026 12:14

Overview

U.S. media company's Q4 revenue rose, beating analyst expectations

Adjusted EBITDA for Q4 exceeded analyst estimates

Company reduced 2025 losses at The CW by 32%, exceeding financial expectations

Outlook

Nexstar provides 2026 standalone Adjusted EBITDA guidance of $1.95 bln to $2.05 bln

Company anticipates closing TEGNA acquisition by second half of 2026

Nexstar expects political advertising boost from 2026 mid-term elections

Result Drivers

NON-POLITICAL ADVERTISING - Growth in non-political advertising revenue due to digital advertising and absence of political crowd-out

DISTRIBUTION REVENUE - Slight increase in distribution revenue due to rate hikes and growth in vMVPD subscribers, offset by MVPD attrition

THE CW PERFORMANCE - The CW exceeded financial expectations driven by strong viewership in sports programming like NASCAR and college sports

Company press release: ID:nBwb3vbPVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$1.29 bln
$1.25 bln (7 Analysts)
Q4 Net Income
-$170 mln
Q4 Adjusted EBITDA
Beat
$433 mln
$405.02 mln (7 Analysts)
Q4 Income from Operations
$242 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 $250.00, about 7.5% above its February 25 closing price of $232.54

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)