Filing Flows › Nexstar Media Group (NXST) › Q3 2026 › vs Q2 2026
Nexstar Media Group (NXST) Q3 2026 vs Q2 2026 (quarter over quarter)
Nexstar Media Group's revenue rose $140M (+7%) from $2.0B in Q2 2026 to $2.1B in Q3 2026. The biggest changes: Advertising +$161M (+19%); Distribution Service −$25.0M (-2%); Other +$4.0M (+27%). Operating margin 24.9% against 18.2% (+6.8 pts).
Nexstar Media Group, Q3 2026: revenue $2.1B (+78% year over year), operating margin 24.9%, net earnings $255M, operating cash flow $680M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 24.9% | 18.2% | +6.8 pts |
| Net margin | 12.0% | 6.0% | +5.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Distribution Service | $1.1B | $1.1B | −$25.0M | -2% |
| Advertising | $1.0B | $862M | $161M | +19% |
| Other | $19.0M | $15.0M | $4.0M | +27% |
| Revenue | $2.1B | $2.0B | $140M | +7% |
| Operating profit | $532M | $362M | $170M | +47% |
| Costs & expenses | $1.6B | $1.6B | −$30.0M | -2% |
| Pre-tax earnings | $343M | $177M | $166M | +94% |
| Other expense, net | $189M | $185M | $4.0M | +2% |
| SG&A | $421M | $457M | −$36.0M | -8% |
| Other operating costs | $1.2B | $1.2B | $6.0M | +0.5% |
| Loss borne by minority interests | $5.0M | $7.0M | −$2.0M | -29% |
| Net earnings | $255M | $120M | $135M | +112% |
| Income tax | $93.0M | $64.0M | $29.0M | +45% |
| Depreciation & amortization | $155M | $158M | −$3.0M | -2% |
| Share-based compensation | $20.0M | $40.0M | −$20.0M | -50% |
| Working capital & other | $250M | −$20.0M | $270M | — |
| Operating cash flow | $680M | $298M | $382M | +128% |
Questions
How much did Nexstar Media Group's revenue grow quarter over quarter in Q3 2026?
Nexstar Media Group's revenue rose $140M (+7%) from $2.0B in Q2 2026 to $2.1B in Q3 2026.
What drove Nexstar Media Group's revenue change in Q3 2026?
Advertising +$161M (+19%); Distribution Service −$25.0M (-2%); Other +$4.0M (+27%).