Filing Flows › Nexstar Media Group (NXST) › Q3 2026
Nexstar Media Group (NXST) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Nexstar Media Group (NXST) reported revenue of $2.1B for the third quarter 2026 (Q3 2026), +78% from a year earlier and +7% from the quarter before. Operating margin was 24.9%, net earnings $255M (12.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +7% | +78% |
| Operating profit | $532M | +47% | +204% |
| Net earnings | $255M | +112% | +264% |
| Operating cash flow | $680M | +128% | +481% |
| Free cash flow | $634M | — | +629% |
What changed
Revenue was $2.1B in Q3 2026, up 78% year over year and up 7% from the previous quarter. Distribution Service was the largest line at 51% of revenue. Advertising added $0.55B year over year (up 115%), 59% of the total change.
Operating profit was $0.53B, a 24.9% margin (up 10.3 points year over year). Of the extra revenue versus Q3 2025, 38% reached operating profit, above the 15% margin then. Total costs grew 57% against revenue growth of 78%. The fastest-growing cost line was Other operating costs (+57%). Net earnings were $0.26B, up 264% year over year ($0.25B including minority interests, which bore $0.01B of losses). The effective tax rate was 27.1%.
Operating cash flow was $0.68B (up 481% year over year), 272% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.26B. After capital expenditures ($0.05B), free cash flow as the company reports it was $0.63B.
Questions
What was Nexstar Media Group's revenue in the third quarter 2026?
Nexstar Media Group (NXST) reported revenue of $2.1B for the third quarter 2026 (Q3 2026), +78% from a year earlier and +7% from the quarter before.
Was Nexstar Media Group profitable in the third quarter 2026?
Operating profit was $532M (24.9% of revenue) and net earnings $255M.