Nexstar posts record Q1 net revenue of $1.4B; closed TEGNA acquisition on March 19

NEXSTAR MEDIA GROUP, INC.

2026-Q1 EPS reported $5.09 revenue$1,396,000,000

Net revenue $1.396B (+13.1% YoY); net income $160M (+64.9%); adjusted EBITDA $470M (+23.4%).
Closed TEGNA acquisition on March 19; contributed $106M revenue and $31M Adj. EBITDA for 13 days.
Political advertising surged to $41M (election year); non-political TV advertising down slightly.
Debt $12.2B; pro forma first lien net leverage 2.94x; repaid $28M debt in Q1 and $182M through April 30.
Facing legal challenges to TEGNA acquisition; abide by hold-separate order.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEXSTAR MEDIA GROUP, INC. reported for the quarter ended March 31, 2026 results: revenue $1.40 billion, net income $160.

Period: for the quarter ended March 31, 2026
Revenue: $1.40 billion
Net income: $160
Result: reported results

Exact text from the filing

respective missions. 2 • • • • • • • • • • • • • • • • • • • • • • • • • • FIRST QUARTER 2026 EARNINGS RELEASE Financial Results • Net Revenue. First quarter net revenue of $1.40 billion, increased $162 million year-over-year, or 13.1%, primarily due to $106 million of incremental revenue from our acquisition of TEGNA and higher advertising and distribution

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Source: SEC EDGAR

accession 0001142417-26-000027

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