Nexstar Broadcasting (NXST) revenue breakdown
By segment, Reportable Broadcast Segment is the largest at 93% of fiscal 2025 revenue; Other Segments grew fastest, 26% a year over 3 years.
By product, Distribution is the largest at 59% of fiscal 2025 revenue, growing 15% a year over 7 years.
Revenue by segment
Fiscal years, as Nexstar Broadcasting reports them in its 10-K filings; fiscal 2025 total $5.0B.
| Segments | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Reportable Broadcast Segment | $2.6B | $2.9B | $4.4B | $4.5B | $5.0B | $4.6B | $5.1B | $4.7B | 93% |
| Other Segments | — | — | — | — | $173M | $339M | $317M | $346M | 7% |
| Corporate (Unallocated) | — | — | — | — | $9M | $10M | $10M | $10M | 0% |
| Corporate (Unallocated) and Other | — | — | — | $114M | — | — | — | — | — |
| Corporate (Unallocated) and Other | $154M | $110M | — | — | — | — | — | — | — |
| Other | — | — | $82M | — | — | — | — | — | — |
| Corporate (Unallocated) | — | — | $9M | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Nexstar Broadcasting reports them in its 10-K filings; fiscal 2025 total $4.9B.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Distribution | $1.1B | $1.4B | $2.2B | $2.5B | $2.6B | $2.7B | $2.9B | $2.9B | 59% |
| Advertising | — | — | — | — | $2.6B | $2.1B | $2.4B | $2.0B | 40% |
| Other | $26M | $25M | $47M | $46M | $51M | $85M | $64M | $66M | 1% |
| Core Advertising | $1.1B | $1.3B | $1.6B | $1.8B | — | — | — | — | — |
| Digital | $261M | $242M | $223M | $322M | — | — | — | — | — |
| Political Advertising | $251M | $52M | $508M | $45M | — | — | — | — | — |
| Trade | $17M | $17M | — | — | — | — | — | — | — |
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Where does Nexstar Broadcasting make its money?
In fiscal 2025, by segment: Reportable Broadcast Segment $4.7B, Other Segments $346M, Corporate (Unallocated) $10M.
From Nexstar Broadcasting's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.