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Nexstar Media Group (NXST) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Nexstar Media Group Revenue Highlights

Latest Revenue (Y)

$4.93B

Latest Revenue (Q)

$1.27B

Main Segment (Y)

Broadcast

Nexstar Media Group Revenue by Period

Nexstar Media Group Revenue by Year

DateRevenueChange
2023-12-31$4.93B-5.33%
2022-12-31$5.21B12.10%
2021-12-31$4.65B3.27%
2020-12-31$4.50B48.10%
2019-12-31$3.04B9.85%
2018-12-31$2.77B13.76%
2017-12-31$2.43B120.45%
2016-12-31$1.10B23.07%
2015-12-31$896.38M41.99%
2014-12-31$631.31M25.68%
2013-12-31$502.33M32.67%
2012-12-31$378.63M23.54%
2011-12-31$306.49M-2.19%
2010-12-31$313.35M24.36%
2009-12-31$251.98M-11.56%
2008-12-31$284.92M6.79%
2007-12-31$266.80M0.62%
2006-12-31$265.17M17.30%
2005-12-31$226.05M-8.01%
2004-12-31$245.74M14.65%
2003-12-31$214.33M60.14%
2002-12-31$133.84M-24.26%
2001-12-31$176.72M-8.25%
2000-12-31$192.62M22.33%
1999-12-31$157.45M-

Nexstar Media Group generated $4.93B in revenue during NA 2023, up -5.33% compared to the previous quarter, and up 178.30% compared to the same period a year ago.

Nexstar Media Group Revenue by Quarter

DateRevenueChange
2024-06-30$1.27B-1.17%
2024-03-31$1.28B-1.53%
2023-12-31$1.30B15.19%
2023-09-30$1.13B-8.71%
2023-06-30$1.24B-1.35%
2023-03-31$1.26B-15.45%
2022-12-31$1.49B17.15%
2022-09-30$1.27B1.93%
2022-06-30$1.25B2.89%
2022-03-31$1.21B-2.87%
2021-12-31$1.25B7.68%
2021-09-30$1.16B2.25%
2021-06-30$1.13B1.59%
2021-03-31$1.11B-19.08%
2020-12-31$1.38B23.11%
2020-09-30$1.12B22.26%
2020-06-30$914.63M-16.23%
2020-03-31$1.09B-0.75%
2019-12-31$1.10B65.78%
2019-09-30$663.58M2.24%
2019-06-30$649.01M3.57%
2019-03-31$626.65M-21.47%
2018-12-31$798.02M15.15%
2018-09-30$693.01M4.95%
2018-06-30$660.32M7.31%
2018-03-31$615.34M-5.86%
2017-12-31$653.66M6.83%
2017-09-30$611.87M-2.28%
2017-06-30$626.12M15.88%
2017-03-31$540.32M74.36%
2016-12-31$309.88M12.41%
2016-09-30$275.66M5.22%
2016-06-30$261.99M2.48%
2016-03-31$255.66M3.60%
2015-12-31$246.77M9.72%
2015-09-30$224.90M1.62%
2015-06-30$221.32M8.82%
2015-03-31$203.39M5.49%
2014-12-31$192.80M22.23%
2014-09-30$157.74M7.36%
2014-06-30$146.93M9.79%
2014-03-31$133.83M-3.11%
2013-12-31$138.12M9.80%
2013-09-30$125.79M-0.33%
2013-06-30$126.21M12.48%
2013-03-31$112.20M-3.42%
2012-12-31$116.17M29.15%
2012-09-30$89.95M1.22%
2012-06-30$88.86M6.24%
2012-03-31$83.64M-2.97%
2011-12-31$86.20M15.18%
2011-09-30$74.84M-0.88%
2011-06-30$75.50M7.95%
2011-03-31$69.94M-27.93%
2010-12-31$97.06M32.72%
2010-09-30$73.13M-1.90%
2010-06-30$74.54M8.62%
2010-03-31$68.63M-7.21%
2009-12-31$73.96M22.45%
2009-09-30$60.40M-2.82%
2009-06-30$62.15M12.05%
2009-03-31$55.47M-30.94%
2008-12-31$80.31M14.29%
2008-09-30$70.28M-0.49%
2008-06-30$70.62M10.84%
2008-03-31$63.71M-10.96%
2007-12-31$71.56M-

Nexstar Media Group generated $1.27B in revenue during Q2 2024, up -1.17% compared to the previous quarter, and up 100.95% compared to the same period a year ago.

Nexstar Media Group Revenue Breakdown

Nexstar Media Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Broadcast$4.61B$5.03B$1.74B$4.41B-
Corporate and Other$88.00M$-152.79M---
Corporate Segment-$4.40M---
Other Segments-$173.70M---
Corporate And Other---$90.74M-
Net Broadcast Revenue----$3.04B

Nexstar Media Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Broadcast (98.13%), and Corporate and Other (1.87%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Distribution Service$719.00M$761.00M------------------
Other$25.00M$11.00M------------------
Advertising$622.00M$512.00M------------------
Broadcast--$2.29B$1.15B$1.18B$1.39B$1.24B$490.90M$482.30M$1.20B$1.13B$1.11B$1.09B$1.35B$1.09B$891.46M----
Corporate Segment---$-1.00M$-2.00M---------------
Other Segments---$96.00M$81.00M---------------
Corporate and Other------$28.40M$-46.40M$42.21M-----------
Corporate And Other--------$-43.50M$27.49M$23.30M$21.56M$26.36M$23.40M$23.17M-----
Net Broadcast Revenue----------------$1.09B$1.10B$663.58M$649.01M

Nexstar Media Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Distribution Service (52.64%), Advertising (45.53%), and Other (1.83%).

Nexstar Media Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
FWONAFormula One Group$22.75B$988.00M
BATRAFormula One Group$22.75B$290.67M
NWSNews$10.09B$2.58B
NXSTNexstar Media Group$4.93B$1.27B
LGF-ALions Gate Entertainment$4.02B$251.60M
SBGISinclair Broadcast Group$3.13B$917.00M
AMCXAMC Networks$2.71B$599.61M
MSGSMadison Square Garden Sports$1.03B$53.31M
MCSMarcus$729.58M$232.67M

NXST Revenue FAQ

What is Nexstar Media Group’s yearly revenue?

Nexstar Media Group's yearly revenue for 2023 was $4.93B, representing a decrease of -5.33% compared to 2022. The company's yearly revenue for 2022 was $5.21B, representing an increase of 12.10% compared to 2021. NXST's yearly revenue for 2021 was $4.65B, representing an increase of 3.27% compared to 2020.

What is Nexstar Media Group’s quarterly revenue?

Nexstar Media Group's quarterly revenue for Q2 2024 was $1.27B, a -1.17% decrease from the previous quarter (Q1 2024), and a 2.34% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $1.28B, a -1.53% decrease from the previous quarter (Q4 2023), and a 2.15% increase year-over-year (Q1 2023). NXST's quarterly revenue for Q4 2023 was $1.3B, a 15.19% increase from the previous quarter (Q3 2023), and a -12.29% decrease year-over-year (Q4 2022).

What is Nexstar Media Group’s revenue growth rate?

Nexstar Media Group's revenue growth rate for the last 3 years (2021-2023) was 6.12%, and for the last 5 years (2019-2023) was 62.31%.

What are Nexstar Media Group’s revenue streams?

Nexstar Media Group's revenue streams in c 23 are Broadcast, and Corporate and Other. Broadcast generated $4.61B in revenue, accounting 98.13% of the company's total revenue, down -8.38% year-over-year. Corporate and Other generated $88M in revenue, accounting 1.87% of the company's total revenue, down -157.60% year-over-year.

What is Nexstar Media Group’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Nexstar Media Group was Broadcast. This segment made a revenue of $4.61B, representing 98.13% of the company's total revenue.