v3.25.3

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Revenues [Abstract]
Net revenue	$ 1,198	$ 1,366	$ 3,660	$ 3,920
Operating expenses:
Direct operating, excluding depreciation and amortization	562	563	1,670	1,663
Selling, general and administrative, excluding depreciation and amortization	270	277	790	818
Depreciation and amortization	190	190	592	588
Other	1	1	1	0
Total operating expenses	1,023	1,031	3,053	3,069
Income from operations	175	335	607	851
Income from equity method investments, net	5	17	24	52
Interest expense, net	(94)	(113)	(288)	(340)
Pension and other postretirement plans credit, net	7	6	23	20
Gain on disposal of an investment				40
Other income (expenses), net	3	(1)	(2)	(1)
Income before income taxes	96	244	364	622
Income tax expense	(31)	(64)	(111)	(169)
Net income	65	180	253	453
Net loss attributable to noncontrolling interests	5	7	22	27
Net income attributable to Nexstar Media Group, Inc.	$ 70	$ 187	$ 275	$ 480
Net income per share available to common stockholders:
Basic	$ 2.16	$ 5.34	$ 8.66	$ 14.17
Diluted	$ 2.14	$ 5.27	$ 8.57	$ 13.96
Weighted average number of common shares outstanding:
Basic (in thousands)	30,319	32,020	30,357	32,759
Diluted (in thousands)	30,649	32,441	30,696	33,248

Total costs of sales and operating expenses for the period.

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