Nexstar Media Group, Inc. (NXST) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to Nextar Media Group's second quarter 2026 conference call. Today's call is being recorded. I will now turn the conference over to Joe Giaffone, Investor Relations. Giaffone, Investor Relations, please go ahead. Thank you, Saatchi, and good morning, everyone. I'll read the safe harbor language and then we'll get right into the call. All statements and comments made by management during this conference call, other than statements of historical fact, may be deemed forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Nexstar cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those reflected by the forward-looking statements made during this call. For additional details on these risks and uncertainties, please see Nexstar's annual report on Form 10-K for the year ended December 31st, 2025 as filed with the Securities and Exchange Commission and Nexstar's subsequent public filings with the SEC. Nextstar undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. It's now my pleasure to turn the conference over to your host, Nextstar founder, chairman, and chief executive officer, Perry Sook. Perry, please go ahead. Thank you, Joseph, and good morning, everyone. We appreciate you all joining us today. You'll be hearing from Mike Biard, our chief operating officer, and Lee Ann Gliha, our chief financial officer, after my opening remarks this morning. Nextar delivered record second quarter results, including an all-time high quarterly revenue number of $2 billion, adjusted EBITDA of $633 million, and year-over-year free cash flow of mor...