---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-066362"
form_type: "8-K"
ticker: "NXST"
cik: "0001142417"
company_name: "NEXSTAR MEDIA GROUP, INC."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:10:06.221969+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nexstar Q1 net revenue $1.23B (-3.9%); net income $97M (-41.9%); dividend raised 10%

## Summary
- Net revenue $1.23B (-3.9% YoY); net income $97M (-41.9%); diluted EPS not reported.
- Adjusted EBITDA $381M (-15.7%); adjusted free cash flow $348M (-10.5%).
- Record distribution revenue $762M (+0.1%); advertising revenue $460M (-10.2%, political down $32M).
- Dividend raised 10% to $1.86/share quarterly; repurchased $75M stock in Q1.
- First lien net leverage 1.67x; total net leverage 2.93x; debt repayment $31M.

## SEC filing metadata
- accession: 0000950170-25-066362
- form_type: 8-K
- ticker: NXST
- cik: 0001142417
- company_name: NEXSTAR MEDIA GROUP, INC.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1142417/000095017025066362/0000950170-25-066362-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1142417/000095017025066362/nxst-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-066362
- JSON: https://secwatch.observer/filing/0000950170-25-066362.json
- Plain text: https://secwatch.observer/filing/0000950170-25-066362.txt

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