---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-122781"
form_type: "8-K"
ticker: "NXST"
cik: "0001142417"
company_name: "NEXSTAR MEDIA GROUP, INC."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:17:45.834578+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nexstar Q3 record net revenue $1.37B, net income $180M, adjusted EBITDA $510M

## Summary
- Record Q3 net revenue $1.37B (+20.7% YoY); distribution rev $719M (+20.2%), advertising rev $622M (+22.2%) with $154M political.
- Net income $180M vs $8M prior year; adjusted EBITDA $510M (+82.8%); adjusted free cash flow $327M (+303.7%).
- The CW operating losses reduced $36M YoY; NASCAR Xfinity and WWE NXT debuts drove double-digit audience gains.
- Returned $233M to shareholders via dividends and buybacks, reducing shares outstanding by 3.1% (1,061,852 shares repurchased at ~$167.16).
- Debt repayment $85M; total debt $6.7B; first lien net leverage 1.91x; new $1.5B share repurchase authorization announced July 2024.

## SEC filing metadata
- accession: 0000950170-24-122781
- form_type: 8-K
- ticker: NXST
- cik: 0001142417
- company_name: NEXSTAR MEDIA GROUP, INC.
- filed_at: 2024-11-07T23:59:59+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/1142417/000095017024122781/0000950170-24-122781-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1142417/000095017024122781/nxst-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-122781
- JSON: https://secwatch.observer/filing/0000950170-24-122781.json
- Plain text: https://secwatch.observer/filing/0000950170-24-122781.txt

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