Nexstar Media Group, Inc. (NXST) Earnings Call Transcripts
Nexstar Media Group, Inc.'s Latest Earnings Call - June 4, 2026
In the second quarter of 2026, Nexstar Media Group (NXST:US) reported a revenue of $1.2 billion, which was slightly below the $1.25 billion consensus estimate, marking a 5% year-over-year decline. The company also posted an earnings per share (EPS) of $1.50, missing expectations by $0.10. Management highlighted challenges in the non-political advertising environment due to macroeconomic factors, but expressed optimism about political ad spending and the impact of recent acquisitions, particularly TEGNA. Guidance for the full year was maintained, with expectations for political ad revenue to be slightly below 2024 levels but above 2022 figures.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $1.2B (miss) |
| EPS | $1.50 (miss) |
| Political Ad Revenue Growth | 89% YoY (Q1) (positive) |
| Digital Services Growth | High single-digit to low double-digit (positive) |
| Market Share in Political Ads | Low double-digit (positive) |
| Net Debt | $11.8B (neutral) |
Guidance from management
Management maintained guidance for 2026, expecting political ad revenue to be slightly below 2024 levels but above 2022 figures. They indicated that the overall advertising environment remains challenging due to macroeconomic factors.
What management said
Okay. Yes. I mean -- we're talking quite a bit about the rationale of our work. The acquisition, so I won't spend a ton of time on that, I think the market understands that we're in a business where scale matters. Right, both in terms of operating scale across our station footprint as well as negotiate scale dealing with firing distributors or programming. I'm saying thing -- it's terrible in terms of that. So I'm no...
What analysts pressed on
Analysts expressed concerns about the declining non-political advertising environment and the potential impact of macroeconomic conditions on revenue. There were also questions regarding the integration of TEGNA and how it would affect operational performance moving forward.
Main topics on the call
- Political Advertising Outlook — Management indicated that political advertising in 2026 is projected to be 'slightly below 2024, but ahead of 2022,' with a strong first quarter driven by Texas primaries. They expect to maintain a low double-digit marke...
- Impact of TEGNA Acquisition — The acquisition of TEGNA, which closed in March 2026, is expected to enhance Nexstar's scale and negotiating power. Management emphasized that 'scale matters' in both operational and negotiation contexts, which could lea...
- Non-Political Advertising Challenges — Management reported a 'flattish non-political advertising' environment, attributing the decline to macroeconomic headwinds and a crowd-out effect from political spending. They noted that in the first quarter, about '2/3'...
- Digital Advertising Growth — Nexstar's digital services are on track to surpass national TV ad revenue this year, driven by strong local advertiser relationships. Management noted growth in digital services in the 'high single-digit to low double-di...
Read the full Nexstar Media Group, Inc. transcript (June 4, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Nexstar Media Group, Inc.
Nexstar Media Group, Inc. (NXST) is a publicly listed company in the Media industry, within the Communication Services sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 63 calls on record spanning February 26, 2020 to June 4, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 63 Nexstar Media Group, Inc. earnings call transcripts on record, spanning February 26, 2020 to June 4, 2026. Based on this history, Nexstar Media Group, Inc. reports quarterly. The most recent call on file is dated June 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- NXST
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Communication Services
- Industry
- Media
- Calls on record
- 63
- First call
- February 26, 2020
- Most recent
- June 4, 2026
- Reporting cadence
- quarterly