Nexstar Broadcasting Group Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Nexstar Broadcasting Group Inc (NXST). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Reportable Broadcast Segment [Member] | – | – | $5.03B 96.5% | $4.61B 93.0% · -8.4% | $5.13B 94.0% · +11.3% | $4.66B 92.9% · -9.3% |
| Other [Member] | $81.5M 1.8% | $106.8M 2.3% · +31.0% | $173.0M 3.3% · +62.0% | $339.0M 6.8% · +96.0% | $317.0M 5.8% · -6.5% | $346.0M 6.9% · +9.1% |
| Corporate (Unallocated) [Member] | $9.3M 0.2% | $7.8M 0.2% · -16.1% | $9.0M 0.2% · +15.4% | $10.0M 0.2% · +11.1% | $10.0M 0.2% · +0.0% | $10.0M 0.2% · +0.0% |
| Broadcast [Member] | $4.41B 98.0% | $4.53B 97.5% · +2.8% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Reportable Broadcast Segment [Member] | – | – | – | – | – | – |
| Other [Member] | $5.1M 6.3% | $15.5M 14.5% | – | – | – | – |
| Corporate (Unallocated) [Member] | -$147.4M -1,584.9% | -$168.3M -2,157.7% | – | – | – | – |
| Broadcast [Member] | $1.82B 41.4% | $1.74B 38.4% | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Distribution [Member] | $2.15B 47.8% | $2.47B 53.2% · +14.9% | $2.57B 49.3% · +4.0% | $2.73B 55.3% · +6.1% | $2.93B 54.2% · +7.4% | $2.92B 59.1% · -0.1% |
| Advertising [Member] | – | – | $2.59B 49.7% | $2.12B 43.0% · -18.1% | $2.42B 44.7% · +13.9% | $1.96B 39.6% · -18.9% |
| Other [Member] | $46.6M 1.0% | $46.0M 1.0% · -1.3% | $51.0M 1.0% · +10.9% | $85.0M 1.7% · +66.7% | $64.0M 1.2% · -24.7% | $66.0M 1.3% · +3.1% |
| Digital [Member] | $223.4M 5.0% | $322.0M 6.9% · +44.1% | – | – | – | – |
| Core Advertising [Member] | $1.57B 34.9% | $1.76B 37.9% · +12.2% | – | – | – | – |
| Political Advertising [Member] | $507.6M 11.3% | $45.0M 1.0% · -91.1% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 13, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.