Nexstar Media Group has announced its second-quarter financial results, and the data shows a slight decline in overall revenue during the quarter.
The company reported $1.23 billion in net revenue during April, May, and June. That represents a 3.2% decline compare to the same quarter in 2024.
The company saw a 9% year-over-year drop in advertising revenue, with an incredibly small decline of 0.1% in the distribution sector. Nexstar saw a 61.5% uptick in the “other” category, good for $8 million in growth compared to last year.
Nexstar pointed to the lack of political advertising as reason for why its advertising revenue declined by 9%. During last year’s second quarter, it featured $36 million in the political sector, while dropping to just $9 million in 2025.
“As expected, our year-over-year results were primarily impacted by lower non-election year political advertising revenue, offset, in part, by strong expense management,” said Nexstar Media Group Founder, Chairman, and CEO Perry Sook. “Our operational milestones during the quarter highlight the success of
our network growth strategies both at The CW and NewsNation.
“Looking ahead, we remain optimistic about the prospect for regulatory reform, completing our upcoming distribution renewals, and capitalizing on the 2026 mid-term election political advertising opportunity,” Sook concluded.
The company’s Adjusted EBITDA finished the quarter at $389 million, a drop of 6% — down $25 million — compared to the previous year.
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