Nexstar Media Group, Inc. revenue by segment NXST

Annual Quarterly

Nexstar Media Group, Inc. splits its revenue into 10 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Distribution Service at $2.9 billion, 59% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	5,876	4,949	5,407	4,933	5,211	4,648	4,501	3,039	2,767	2,432	1,103
Net Broadcast Revenue	—	—	—	—	—	—	—	3,039 +9.9% share 100.0%	2,767 +13.8% share 100.0%	2,432 share 100.0%	—
Distribution Service	3,383 +14.4% share 57.6%	2,924 -0.1% share 59.1%	2,928 +7.4% share 54.2%	2,727 +6.8% share 55.3%	2,553 +3.3% share 49.0%	2,472 +15.0% share 53.2%	2,150 +57.0% share 47.8%	1,369 +22.1% share 45.0%	1,121 +12.6% share 40.5%	996 share 40.9%	—
Advertising services	2,434 +1.1% share 41.4%	1,959 -18.9% share 39.6%	2,415 +13.9% share 44.7%	2,121 -18.1% share 43.0%	2,589 share 49.7%	—	—	—	—	—	—
Core Advertising Local And National	—	—	—	—	—	1,762 +12.1% share 37.9%	1,571 +17.7% share 34.9%	1,335 +22.5% share 43.9%	1,090 -1.6% share 39.4%	1,108 share 45.6%	—
Core Advertising	—	—	—	1,571 -7.2% share 31.8%	1,692 -4.0% share 32.5%	1,762 share 37.9%	—	—	—	—	—
Digital	—	—	—	257 +7.1% share 5.2%	240 +11.1% share 4.6%	216 +52.2% share 4.6%	142 +3.6% share 3.2%	137 +28.0% share 4.5%	107 share 3.9%	—	—
Other	59 -24.4% share 1.0%	66 +3.1% share 1.3%	64 -24.7% share 1.2%	85 +102.4% share 1.7%	42 +7.7% share 0.8%	39 +38.2% share 0.8%	28 +47.9% share 0.6%	19 -27.8% share 0.6%	26 +48.7% share 1.0%	18 share 0.7%	—
Political Advertising	—	—	—	66 -87.0% share 1.3%	506 +1024.4% share 9.7%	45 -91.1% share 1.0%	508 +878.2% share 11.3%	52 -79.3% share 1.7%	251 +835.1% share 9.1%	27 share 1.1%	—
Trade And Barter Revenue	—	—	—	—	—	—	—	—	—	57 share 2.3%	—
Trade Revenue	—	—	—	—	—	13 +4.6% share 0.3%	12 -30.0% share 0.3%	17 +3.2% share 0.6%	17 share 0.6%	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Television Broadcasting Stations (SIC 4833)
Listed as: NXST (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Irving, TX
SEC filer status: Large accelerated filer
SEC CIK: 1142417
Former names: NEXSTAR BROADCASTING GROUP INC (until Jan 13, 2017)

Other Television Broadcasting Stations companies

All 12 Television Broadcasting Stations companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.