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


	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
Net income attributable to Nexstar Media Group, Inc.	$	255		$	70		$	539		$	275
Accretion of redeemable noncontrolling interests		(10	)		(4	)		(23	)		(12	)
Net income available to common stockholders	$	245		$	66		$	516		$	263

Weighted average shares outstanding – basic		30,812			30,319			30,601			30,357
Dilutive effect of equity incentive plan instruments		201			330			429			339
Weighted average shares outstanding – diluted		31,013			30,649			31,030			30,696

Net income per share available to common stockholders – basic (1)	$	7.97		$	2.16		$	16.86		$	8.66
Net income per share available to common stockholders – diluted (1)	$	7.92		$	2.14		$	16.62		$	8.57

(1)

Calculated using unrounded amounts and may not recalculate from the amounts presented above due to rounding.

During the three and nine months ended September 30, 2026, weighted average restricted stock units of 467,000 and 301,000, respectively, were excluded from the calculation of diluted income per share because their effect would have been anti-dilutive.

During the three and nine months ended September 30, 2025, weighted average restricted stock units of zero and 50,000, respectively, were excluded from the calculation of diluted income per share because their effect would have been anti-dilutive.