NXST

Nexstar Media Group (NXST.US) surged nearly 8% during regular trading to $199.04.

The stock is up 17.01% over the past five sessions and sits 30.14% above its 52-week low of US$152.94. Volume was 3.81 times its average.

The Nasdaq Composite is down 3.21% over the past five sessions and up 9.04% year to date.

The media industry index rose 7.3% over the same period, in line with the stock's move.

The company reported third-quarter net income of $250 million, more than doubling from a year earlier, while revenue rose 78% to $2.13 billion. The growth was driven by the TEGNA acquisition and higher advertising and distribution contributions. Operating cash flow reached $680 million, with debt repayments totaling $350 million during the quarter and an additional $525 million after quarter-end. NewsNation viewership also increased 9%.

Separately, Nexstar declared a quarterly cash dividend of $1.86 per share, payable Nov. 27, 2026, to shareholders of record as of Nov. 13, 2026.

Based on public media reports. AI-generated; not investment advice.