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Income Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Summary of Income Per Share Basic and Diluted Available to Common Stockholders

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