Filing Flows › Nexstar Media Group (NXST) › Q1 2026
Nexstar Media Group (NXST) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Nexstar Media Group (NXST) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +13% from a year earlier and +8% from the quarter before. Operating margin was 19.0%, net earnings $164M (11.7% of revenue).
Nexstar Media Group, Q1 2026: revenue $1.4B (+13% year over year), operating margin 19.0%, net earnings $164M, operating cash flow $289M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +8% | +13% |
| Operating profit | $265M | +10% | +20% |
| Net earnings | $164M | — | +52% |
| Operating cash flow | $289M | +52% | -14% |
| Free cash flow | $267M | — | -12% |
What changed
Revenue was $1.4B in Q1 2026, up 13% year over year and up 8% from the previous quarter. Distribution Service was the largest line at 60% of revenue. Advertising added $0.09B year over year (up 19%), 54% of the total change. Other declined 8%.
Operating profit was $0.27B, a 19.0% margin (up 1.2 points year over year). Of the extra revenue versus Q1 2025, 28% reached operating profit, above the 18% margin then. Total costs grew 12% against revenue growth of 13%. The fastest-growing cost line was SG&A (+27%). Net earnings were $0.16B, up 52% year over year ($0.16B including minority interests, which bore $4.0M of losses). The effective tax rate was -4.6%.
Operating cash flow was $0.29B (down 14% year over year), 181% of net income including minority interests. Non-cash charges added back $0.12B of depreciation and amortization and $0.02B of share-based compensation. After capital expenditures ($0.02B), free cash flow as the company reports it was $0.27B.
Questions
What was Nexstar Media Group's revenue in the first quarter 2026?
Nexstar Media Group (NXST) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +13% from a year earlier and +8% from the quarter before.
Was Nexstar Media Group profitable in the first quarter 2026?
Operating profit was $265M (19.0% of revenue) and net earnings $164M.