Nexstar Profit Jumps as Tegna Deal Lifts Revenue 51%

Nexstar Media’s third-quarter net income climbed to $255 million, up from $70 million a year earlier, as its acquisition of Tegna and midterm election-season spending helped drive a sharp increase in revenue.

November 5, 2026, 04:42 PM 582 0

Nexstar Profit Jumps as Tegna Deal Lifts Revenue 51%

Earnings were $7.92 a share, compared with $2.14 a share in the same quarter last year. That fell short of the $8.08 per-share average forecast by Wall Street analysts, according to FactSet.

Revenue rose 51% to $2.13 billion, topping analysts’ $2.07 billion average estimate. Advertising revenue more than doubled to $1.02 billion.

Nexstar completed its $6.2 billion purchase of rival Tegna earlier this year. The company now owns or operates 265 local television stations across 44 states.

When reusing this material a link to Money Talk is required.

Money Talk

Nexstar Profit Jumps as Tegna Deal Lifts Revenue 51%

Comments (0)

Leave a comment

Read Also

IEEFA: $67.8 Billion in Asian LNG Projects Scrapped or Stalled

Butane Prices Hit Multi-Decade Highs as Supplies Tighten

Gold tops $4,100 as yields fall and labor costs ease

Gold holds above $4,100 after U.S. jobless claims fall

Comments (0)

Leave a comment