---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-022896"
form_type: "8-K"
ticker: "NXST"
cik: "0001142417"
company_name: "NEXSTAR MEDIA GROUP, INC."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T02:53:55.798861+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nexstar posts record Q3 revenue $1.27B, net income $287.5M; acquires 75% of CW Network

## Summary
- Q3 net revenue $1.27B (+9.7% YoY); net income $287.5M (+70% YoY); adjusted EBITDA $488.8M (+19.1%).
- Political ad revenue surged 942.7% to $129.3M; core ad fell 7.6% to $399.7M.
- Distribution revenue $641.7M (+3.7%); digital revenue $85.7M (+5.7%).
- Closed acquisition of 75% stake in The CW Network; new $1.5B share repurchase authorized.
- CEO Perry Sook extended through March 2026; Board to recommend declassification.

## SEC filing metadata
- accession: 0000950170-22-022896
- form_type: 8-K
- ticker: NXST
- cik: 0001142417
- company_name: NEXSTAR MEDIA GROUP, INC.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1142417/000095017022022896/0000950170-22-022896-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1142417/000095017022022896/nxst-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-022896
- JSON: https://secwatch.observer/filing/0000950170-22-022896.json
- Plain text: https://secwatch.observer/filing/0000950170-22-022896.txt

## Key facts
- Earnings Releases
  NEXSTAR MEDIA GROUP, INC. reported the third quarter ended September 30, 2022 results: revenue $1,269.1 million, net income $287.5 million.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $1,269.1 million
  - Net income: $287.5 million
  - Result: reported results
  source text: 8-K as Exhibit 99.1 and is incorporated herein by reference. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 NEXSTAR MEDIA GROUP REPORTS RECORD THIRD QUARTER NET REVENUE OF $1.27 BILLION Net Revenue Drives Record Q3 Operating Income of $355.3 Million, Net Income of $287.5 Million, Adjusted EBITDA of $488.8 Million and Free Cash Flow of $293.6 Million All-Time
  evidence_url: https://www.sec.gov/Archives/edgar/data/1142417/000095017022022896/0000950170-22-022896-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.