Nexstar's Q3 Earnings: Political Ads Drop, CW Narrows Losses
Update: 2025-11-06
Description
Nexstar Media Groups third-quarter earnings report for 2025 revealed a substantial drop in advertising revenue, with a 23.5% decrease compared to the previous year. The companys ad sales totaled $476 million, down from $622 million in 2024. Political advertising revenue plummeted by 145 million dollars, contributing to the overall decline. However, Nexstars CW network showed progress, narrowing its losses by 24%. Despite analysts predictions, Nexstar reported diluted earnings per share of $2.14, matching the predicted revenue. The companys CEO, Perry Sook, highlighted the acquisition of TEGNA and the strong performance of their core business, including NewsNations growth and the CWs primetime ratings increase.
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