v3.25.1
Income Per Share
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Income Per Share

Note 13: Income Per Share

Income per share (basic and diluted) available to common stockholders are presented below ($ in millions, except per share amounts, and shares in thousands):

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Net income attributable to Nexstar Media Group, Inc.

 

$

108

 

 

$

175

 

Accretion of redeemable noncontrolling interests

 

 

(4

)

 

 

-

 

Net income available to common stockholders

 

$

104

 

 

$

175

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic

 

 

30,532

 

 

 

33,449

 

Dilutive effect of equity incentive plan instruments

 

 

395

 

 

 

575

 

Weighted average shares outstanding – diluted

 

 

30,927

 

 

 

34,024

 

 

 

 

 

 

 

 

Net income per share available to common stockholders – basic

 

$

3.41

 

 

$

5.25

 

Net income per share available to common stockholders – diluted

 

$

3.37

 

 

$

5.16

 

The Company has outstanding restricted stock units to acquire 39,000 weighted average shares of common stock for the three months ended March 31, 2025, the effects of which are excluded from the calculation of dilutive income per share, as their inclusion would have been anti-dilutive for the periods presented. During the three months ended March 31, 2024, no stock options and restricted stock units were excluded from the calculation of diluted earnings per share.