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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.

By Money Talk·November 5, 2026·2 min read·651 reads

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.

Nexstar Profit Jumps as Tegna Deal Lifts Revenue 51%

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