Nexstar Media Q2 revenue jumps 62%, beats expectations
NXST•Outlook
- Nexstar expects strong free cash flow generation in the second half of 2026.
- The company said ongoing litigation may impact realization of TEGNA acquisition synergies.
Overview
- U.S. media broadcaster's Q2 revenue rose 62% year over year, beating analyst expectations.
- Q2 adjusted EBITDA rose 63% year over year, beating analyst expectations.
- The company repaid $409 million of debt and paid $57 million in dividends in Q2.
Result Drivers
- TEGNA acquisition — The company said record revenue and profit growth were primarily driven by incremental revenue from the acquisition of TEGNA.
- Political advertising — Nexstar said higher political advertising revenue, especially in an election year, contributed to increased advertising revenue.
- Distribution revenue — The company said higher distribution revenue was driven by the TEGNA acquisition, increased rates, growth in vMVPD subscribers, and new CW affiliations, partly offset by MVPD subscriber attrition.
Key Details and analyst view
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