v3.26.3
Income Per Share (Tables)
9 Months Ended
Sep. 30, 2026
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 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.