v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues [Abstract]        
Net revenue $ 2,133 $ 1,198 $ 5,522 $ 3,660
Operating expenses:        
Direct operating, excluding depreciation and amortization 936 562 2,477 1,670
Selling, general and administrative, excluding depreciation and amortization 421 270 1,204 790
Amortization of broadcast rights 87 72 246 239
Depreciation and amortization of intangible assets 155 118 434 353
Other 2 1 2 1
Total operating expenses 1,601 1,023 4,363 3,053
Income from operations 532 175 1,159 607
Income from equity method investments, net 0 5 7 24
Interest expense, net (186) (94) (495) (288)
Pension and other postretirement plans credit, net 7 7 22 23
Loss on extinguishment of debt (11) (0) (21) (5)
Other income, net 1 3 1 3
Income before income taxes 343 96 673 364
Income tax expense (93) (31) (150) (111)
Net income 250 65 523 253
Net loss attributable to noncontrolling interests 5 5 16 22
Net income attributable to Nexstar Media Group, Inc. $ 255 $ 70 $ 539 $ 275
Net income per share available to common stockholders:        
Basic [1] $ 7.97 $ 2.16 $ 16.86 $ 8.66
Diluted [1] $ 7.92 $ 2.14 $ 16.62 $ 8.57
Weighted average number of common shares outstanding:        
Basic (in thousands) 30,812 30,319 30,601 30,357
Diluted (in thousands) 31,013 30,649 31,030 30,696
[1] Calculated using unrounded amounts and may not recalculate from the amounts presented above due to rounding.