---
schema_version: "secwatch.filing_event.v1"
accession: "0001142417-26-000027"
form_type: "8-K"
ticker: "NXST"
cik: "0001142417"
company_name: "NEXSTAR MEDIA GROUP, INC."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:24:44.716869+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001142417-26-000027
- form_type: 8-K
- ticker: NXST
- cik: 0001142417
- company_name: NEXSTAR MEDIA GROUP, INC.
- filed_at: 2026-05-07T23:59:59+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/1142417/000114241726000027/0001142417-26-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1142417/000114241726000027/nxst-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001142417-26-000027
- JSON: https://secwatch.observer/filing/0001142417-26-000027.json
- Plain text: https://secwatch.observer/filing/0001142417-26-000027.txt

## Source-grounded claims
- claim_id: 170e38e71af9dd25e5deee95e7999ffe4580fd4e
  claim: NEXSTAR MEDIA GROUP, INC. reported for the quarter ended March 31, 2026 results: revenue $1.40 billion, net income $160.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1142417/000114241726000027/0001142417-26-000027-index.htm

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