Description
Nexstar Media’s TEGNA Powerhouse — Revenue Surges 62.2%!
Nexstar Media Group reported record financial results for the second quarter of 2026, reflecting significant contributions from its full-quarter consolidation of TEGNA operations. Total revenue reached nearly $2 billion, representing a 62.2% increase year-over-year, driven primarily by the acquisition and growth in advertising and distribution revenue. Adjusted EBITDA rose to $633 million with a 31.8% margin, up from $389 million a year prior, while adjusted free cash flow more than doubled to $238 million for the quarter. Key drivers included robust political advertising revenue attributed to midterm elections, incremental FIFA World Cup advertising, and growth in digital local advertising, offset partially by softness in nonpolitical advertising due to economic and competitive pressures. Operationally, Nexstar highlighted strategic advancements including the completion of ATSC 3.0 deployment across the top 20 U.S. designated market areas, enhancing broadcast quality and spectrum efficiency.
