Filing Flows › Nexstar Media Group (NXST) › Q2 2026 › vs Q1 2026
Nexstar Media Group (NXST) Q2 2026 vs Q1 2026 (quarter over quarter)
Nexstar Media Group's revenue rose $597M (+43%) from $1.4B in Q1 2026 to $2.0B in Q2 2026. The biggest changes: Advertising +$314M (+57%); Distribution Service +$279M (+33%); Other +$4.0M (+36%). Operating margin 18.2% against 19.0% (-0.8 pts).
Nexstar Media Group, Q2 2026: revenue $2.0B (+62% year over year), operating margin 18.2%, net earnings $120M, operating cash flow $298M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 18.2% | 19.0% | -0.8 pts |
| Net margin | 6.0% | 11.7% | -5.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Distribution Service | $1.1B | $837M | $279M | +33% |
| Advertising | $862M | $548M | $314M | +57% |
| Other | $15.0M | $11.0M | $4.0M | +36% |
| Revenue | $2.0B | $1.4B | $597M | +43% |
| Operating profit | $362M | $265M | $97.0M | +37% |
| Costs & expenses | $1.6B | $1.1B | $500M | +44% |
| Pre-tax earnings | $177M | $153M | $24.0M | +16% |
| Other expense, net | $185M | $112M | $73.0M | +65% |
| SG&A | $457M | $327M | $130M | +40% |
| Other operating costs | $1.2B | $804M | $370M | +46% |
| Loss borne by minority interests | $7.0M | $4.0M | $3.0M | +75% |
| Net earnings | $120M | $164M | −$44.0M | -27% |
| Income tax | $64.0M | −$7.0M | $71.0M | — |
| Depreciation & amortization | $158M | $121M | $37.0M | +31% |
| Share-based compensation | $40.0M | $20.0M | $20.0M | +100% |
| Working capital & other | $20.0M | $16.0M | $4.0M | +25% |
| Operating cash flow | $298M | $289M | $9.0M | +3% |
Questions
How much did Nexstar Media Group's revenue grow quarter over quarter in Q2 2026?
Nexstar Media Group's revenue rose $597M (+43%) from $1.4B in Q1 2026 to $2.0B in Q2 2026.
What drove Nexstar Media Group's revenue change in Q2 2026?
Advertising +$314M (+57%); Distribution Service +$279M (+33%); Other +$4.0M (+36%).