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Income Per Share | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Income Per Share | 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net income attributable to Nexstar Media Group, Inc. |  | $ | 70 |  |  | $ | 187 |  |  | $ | 275 |  |  | $ | 480 |
Accretion of redeemable noncontrolling interests |  |  | (4 | ) |  |  | (16 | ) |  |  | (12 | ) |  |  | (16 | )
Net income available to common stockholders |  | $ | 66 |  |  | $ | 171 |  |  | $ | 263 |  |  | $ | 464 |
Weighted average shares outstanding – basic |  |  | 30,319 |  |  |  | 32,020 |  |  |  | 30,357 |  |  |  | 32,759 |
Dilutive effect of equity incentive plan instruments |  |  | 330 |  |  |  | 421 |  |  |  | 339 |  |  |  | 489 |
Weighted average shares outstanding – diluted |  |  | 30,649 |  |  |  | 32,441 |  |  |  | 30,696 |  |  |  | 33,248 |
Net income per share available to common stockholders – basic |  | $ | 2.16 |  |  | $ | 5.34 |  |  | $ | 8.66 |  |  | $ | 14.17 |
Net income per share available to common stockholders – diluted |  | $ | 2.14 |  |  | $ | 5.27 |  |  | $ | 8.57 |  |  | $ | 13.96 |
During the three and nine months ended September 30, 2025, weighted average restricted stock units of zero and 50,000, respectively, were excluded from the calculation of diluted income per share because their effect would have been anti-dilutive. During the three and nine months ended September 30, 2024, weighted average restricted stock units of zero and 26,000, respectively, were excluded from the calculation of diluted income per share because their effect would have been anti-dilutive.

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