Filing Flows › Nexstar Media Group (NXST) › Q3 2025
Nexstar Media Group (NXST) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Nexstar Media Group (NXST) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), -12% from a year earlier and -3% from the quarter before. Operating margin was 14.6%, net earnings $70.0M (5.8% of revenue).
Nexstar Media Group, Q3 2025: revenue $1.2B (-12% year over year), operating margin 14.6%, net earnings $70.0M, operating cash flow $117M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -3% | -12% |
| Operating profit | $175M | -18% | -48% |
| Net earnings | $70.0M | -28% | -63% |
| Operating cash flow | $117M | -53% | -70% |
| Free cash flow | $87.0M | — | -76% |
What changed
Revenue was $1.2B in Q3 2025, down 12% year over year and down 3% from the previous quarter. Distribution Service was the largest line at 59% of revenue.
Operating profit was $0.17B, a 14.6% margin (down 9.9 points year over year). Total costs fell 1% while revenue fell 12%. Net earnings were $0.07B, down 63% year over year ($0.07B including minority interests, which bore $0.01B of losses). The effective tax rate was 32.3%.
Operating cash flow was $0.12B (down 70% year over year), 180% of net income including minority interests. Non-cash charges added back $0.19B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.16B. After capital expenditures ($0.03B), free cash flow as the company reports it was $0.09B.
Questions
What was Nexstar Media Group's revenue in the third quarter 2025?
Nexstar Media Group (NXST) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), -12% from a year earlier and -3% from the quarter before.
Was Nexstar Media Group profitable in the third quarter 2025?
Operating profit was $175M (14.6% of revenue) and net earnings $70.0M.