Filing Flows › Nexstar Media Group (NXST) › Q4 2025
Nexstar Media Group (NXST) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Nexstar Media Group (NXST) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), -13% from a year earlier and +8% from the quarter before. Operating margin was 18.8%, net loss $170M (13.2% of revenue).
Nexstar Media Group, Q4 2025: revenue $1.3B (-13% year over year), operating margin 18.8%, net loss $170M, operating cash flow $190M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +8% | -13% |
| Operating profit | $242M | +38% | — |
| Net earnings | −$170M | -343% | — |
| Operating cash flow | $190M | +62% | -54% |
| Free cash flow | $136M | — | -64% |
What changed
Revenue was $1.3B in Q4 2025, down 13% year over year and up 8% from the previous quarter. Distribution Service was the largest line at 56% of revenue.
Operating profit was $0.24B, a 18.8% margin (down 9.3 points year over year). Total costs fell 2% while revenue fell 13%. The quarter ended with a net loss of $0.17B, after a profit of $0.07B the previous quarter. Minority interests bore $4.0M of it: to shareholders the quarter was a loss of $0.17B. Net interest and other expense of $0.46B was the main reason.
Operating cash flow was $0.19B (down 54% year over year). Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.34B. After capital expenditures ($0.05B), free cash flow as the company reports it was $0.14B.
Questions
What was Nexstar Media Group's revenue in the fourth quarter 2025?
Nexstar Media Group (NXST) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), -13% from a year earlier and +8% from the quarter before.
Was Nexstar Media Group profitable in the fourth quarter 2025?
Operating profit was $242M (18.8% of revenue) and net loss $170M.