Income Per Share

6 Months Ended

Jun. 30, 2025

Note 13: Income Per Share

Income per share (basic and diluted) available to common stockholders is presented below ($ in millions, except per share amounts, and shares in thousands):


	Three Months Ended June 30,					Six Months Ended June 30,
	2025			2024		2025			2024
Net income attributable to Nexstar Media Group, Inc.	$	97		$	118	$	205		$	293
Accretion of redeemable noncontrolling interests		(4	)		-		(8	)		-
Net income available to common stockholders	$	93		$	118	$	197		$	293

Weighted average shares outstanding – basic		30,221			32,816		30,375			33,133
Dilutive effect of equity incentive plan instruments		293			471		344			523
Weighted average shares outstanding – diluted		30,514			33,287		30,719			33,656

Net income per share available to common stockholders – basic	$	3.09		$	3.59	$	6.50		$	8.85
Net income per share available to common stockholders – diluted	$	3.06		$	3.54	$	6.43		$	8.71

During the three and six months ended June 30, 2025, weighted average restricted stock units of 112,000 and 75,000, respectively, were excluded from the calculation of diluted income per share because their effect would have been anti-dilutive.

During the three and six months ended June 30, 2024, weighted average restricted stock units of 79,000 and 40,000, respectively, were excluded from the calculation of diluted income per share because their effect would have been anti-dilutive.