Nexstar Media Group stock fell 2.01 percent to a yearly low

Published on 10/04/2026 at 19:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nexstar Media Group stock closed at USD 155.42 on October 2, 2026, after reaching a 52-week low of USD 154.34. Q2 revenue rose 62.2 percent, but EPS missed consensus.

NXST, US65336K1034, Illustration mit AI erstellt.

Nexstar Media Group (ISIN US65336K1034) stock closed at USD 155.42 on Nasdaq on October 2, 2026, down 2.01 percent for the session and only USD 1.08 above its 52-week low of USD 154.34. The market is weighing record post-TEGNA revenue against a sharp earnings miss and the debt burden created by the acquisition.

Revenue rose as EPS missed

According to MarketBeat on October 2, 2026, Nexstar reported Q2 2026 revenue of USD 1.99 billion, up 62.2 percent from the prior-year quarter. Diluted EPS was USD 3.61 versus a USD 5.98 consensus, while the prior-year quarter produced USD 3.06 per share.

The comparison is unusually wide: revenue exceeded the USD 1.97 billion consensus by USD 20 million, but EPS missed by USD 2.37. The figures show how the TEGNA combination expanded the top line while one-time transaction expenses and higher interest costs weighed on earnings.

TEGNA adds scale and debt

Yahoo Finance reported that advertising revenue climbed 81.5 percent to USD 862 million in Q2 2026, while distribution revenue rose 52.3 percent to USD 1.116 billion. Adjusted EBITDA reached USD 633 million, and adjusted free cash flow increased 135.6 percent to USD 238 million.

The balance-sheet counterweight is material. Total debt stood at USD 11.744 billion on June 30, 2026, versus USD 6.333 billion at the end of 2025, while Nexstar repaid USD 409 million during the quarter. The TEGNA transaction therefore supplies both the growth narrative and the leverage question facing shareholders.

Analysts see a higher target

MarketBeat reported a Moderate Buy consensus from eight analysts, with six Buy ratings, one Hold and one Sell. The average price target was USD 256.50, which places the target 65.0 percent above the October 2 price of USD 155.42.

Nexstar also announced a dated operating initiative on October 1, 2026. According to Nexstar, the company and DAZN agreed to televise and stream 15 Indiana Pacers games, with the first over-the-air broadcast scheduled for October 23.

Stock sits at the yearly floor

Nexstar stock closed at USD 155.42 on Nasdaq on October 2, 2026, with volume of 349,601 shares and a market capitalization of USD 4.7 billion. Its 52-week range was USD 154.34 to USD 254.30, leaving the stock 38.9 percent below the yearly high.