NXST
Nexstar Media Group, Inc.202.54
-1.52-0.75%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms TEGNA; adds AI, programmatic.
Q&A reinforced the prepared script on TEGNA's end-Q2 close and $1.95B-$2.05B EBITDA guide, but surfaced regulatory color: no divestiture talks with DOJ despite in-market probes, buoyed by FCC support. Management detailed AI efficiencies in newsrooms and sales, EdgeBeam's early spectrum orders, and Premion-fueled programmatic linear push post-deal. Ad macro stabilized with more categories growing into Q1, auto offset digitally. No divestitures yet. Confident tone; watch regulatory finish and political ramp.
Key Stats
Market Cap
6.14BP/E (TTM)
12.64Basic EPS (TTM)
16.02Dividend Yield
0.04%Recent Filings
8-K
8-K
10-K
FY2025 results
Nexstar's FY2025 net revenue fell 8.5% y/y to $4.9B, driven by a $456M drop in advertising—mostly $446M less political spend post-election year—while distribution held flat at $2.9B amid subscriber losses offset by rate hikes. Operating income slid 33% to $849M on the revenue dip, plus a $381M OTTI hit to TV Food Network equity stake from cable woes; yet interest expense eased 15% to $379M after debt cuts. Cash from operations landed at $891M, down from $1.25B, funding $351M shareholder returns. Debt stands at $6.3B. TEGNA merger eyes H2 2026 close. FCC license renewals pose risks.
8-K
Q4 revenue down, EBITDA guides up
Nexstar reported Q4 net revenue of $1.29B, down 13.4% from prior year due to post-election drop in political ad spend to $21M, while distribution edged up 0.8% to $720M on rate hikes and CW gains. Adjusted EBITDA fell 31.1% to $433M, hit by $381M TV Food Network impairment; The CW slashed losses 32% and grew audience 19%. Guides 2026 standalone Adjusted EBITDA at $1.95B-$2.05B. TEGNA deal advances.
8-K
Holds dividend for TEGNA deal
Nexstar Media Group declared a quarterly cash dividend of $1.86 per share, payable February 27, 2026 to shareholders of record February 13. Board held the rate steady ahead of the pending TEGNA acquisition, redirecting excess cash to finance it or repay debt. Dividend stays central to capital plans. Future payouts remain at board discretion.
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