v3.25.1
Income Per Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Summary of Income Per Share Basic and Diluted Available to Common Stockholders

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