How Nexstar Media Group makes money

Period

FY2025

How does Nexstar Media Group make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Nexstar Media Group Inc. · FY2025 · year ended 2025-12-31

Revenue$4.9BGross profit$4.9B · 100%Cost of revenue$0 · 0%Operating income$849M · 17%Operating expenses$4.1B · 83%SG&A$1.1B · 21%Other opex$3.0B · 61%Pre-tax income$176M · 4%Other expense$673M · 14%Net income$109M · 2%Income tax$67M · 1%Distribution Service$2.9B · 59%Advertising$2.0B · 40%Other$66M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.