Nexstar revenue dips 3.2% on softer political advertising market

Nexstar Media Group reported a 3.2% drop of revenue in the second quarter of 2025 — a trend it says is largely thanks to the loss of political advertising that flooded in the previous year.

Revenue came in at $1.229 billion, down from $1.269 during the same quarter of 2024. For the first half of 2025, revenue is down from $2.553 billion in 2024 to $2.462 billion, which is a 3.6% dip.

“Second quarter 2025 marked another solid quarter of financial results for Nexstar. As expected, our year-over-year results were primarily impacted by lower non-election year political advertising revenue, offset, in
part, by strong expense management,” said Perry Sook, chairman and CEO, in a statement. 

Meanwhile, the company also touted growth at The CW and NewsNation.

This includes five consecutive quarters of audience growth, with the network rising to No. 8 in total audience among U.S. networks during the first half of 2025, and adding a handful of new affiliates.

NewsNation has also posted significant growth among its basic cable peers, with with overall viewership growing
nearly 50% and by 67% among adults aged 25-54, according to Nielsen.

Financials for CW and NewsNation were not broken out separately. 

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