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Nexstar (NXST) reported record third-quarter revenue of $2.13 billion, nearly double the $1.2 billion posted a year earlier, driven by its TEGNA acquisition and surging political advertising. Political ad revenue for the 2026 cycle reached a record $1.1 billion, 31% above the prior midterm cycle in 2022. The company also said it had reduced debt by $1.3 billion this year, including payments made after the quarter ended. On the Q3 2026 earnings call, executives also addressed the Tegna appeal and the CW’s profit outlook.
Nexstar Media Group (NASDAQ: NXST) reported record third-quarter revenue of $2.13 billion, according to the company’s earnings call. The results were boosted by its acquisition of TEGNA and by political advertising demand.
Debt Reduction
The broadcaster also said it had reduced debt by $1.3 billion this year, including payments made after the quarter ended.
Other Topics on the Call
According to the editorial summary accompanying the source material, executives on the Q3 2026 earnings call also addressed the Tegna appeal and the CW’s profit outlook. Specific figures or statements on those topics were not included in the source material provided.