Nexstar Media Group Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March 31, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto.Commission File Number: 000-50478 NEXSTAR MEDIA GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) (I.R.S. Employer Identification No.) (972) 373-8800(Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) hasfiled all reports required to befiled by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that it was required tofile such reports), and (2)has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large acceleratedfiler, an acceleratedfiler, a non-acceleratedfiler, smallerreporting company or an emerging growth company. See the definitions of “large acceleratedfiler,” “acceleratedfiler,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒As of May 7, 2026, the registrant had 30,538,965 shares of Common Stock outstanding. TABLE OF CONTENTS PagePART IFINANCIAL INFORMATIONITEM 1.Financial Statements (Unaudited)Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20253Condensed Consolidated Statements of Operations for the Three Months ended March 31,2026 and 20254Condensed Consolidated Statements of Changes in Stockholders’ Equity and RedeemableNoncontrolling Interests for the Three Months ended March 31, 2026 and 20255Condensed Consolidated Statements of Cash Flows for the Three Months ended March 31,2026 and 20256Notes to Unaudited Condensed Consolidated Financial StatementsNote 1: Organization and Business Operations7Note 2: Summary of Significant Accounting Policies7Note 3: Acquisitions11Note 4: Intangible Assets and Goodwill16Note 5: Investments16Note 6: Accrued Expenses18Note 7: Debt18Note 8: Leases21Note 9: Retirement and Postretirement Plans22Note 10: Commitments and Contingencies23Note 11: Equity27Note 12: Income Taxes27Note 13: Income Per Share28Note 14: Fair Value Measurements28Note 15: Segment Data29Note 16: Subsequent Events31ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations32ITEM 3.Quantitative and Qualitative Disclosures About Market Risk40ITEM 4.Controls and Procedures40PART IIOTHER INFORMATIONITEM 1.Legal Proceedings41ITEM 1A.Risk Factors41ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds42ITEM 3.Defaults Upon Senior Securities42ITEM 4.Mine Safety Disclosures42ITEM 5.Other Information42ITEM 6.Exhibits43 PART I. FINANCIAL INFORMATION NEXSTAR MEDIA GROUP, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in millions, except for share and per share information, unaudited) The condensed consolidated total assets as of March 31, 2026 and December 31, 2025 include certain assets held by consolidated VIEs of$293 million and $292 million, respectively, which are not available to be used to settle the obligations of Nexstar. The condensedconsolidated total liabilities as of March 31, 2026 and December 31, 2025 include certain liabilities of consolidated VIEs of $139 million and$139 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of Nexstar. See Note 2 for additionalinformation.(1) NEXSTAR MEDIA GROUP, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in millions, except for share and per share information, unaudited) NEXSTAR MEDIA GROUP, INC.CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND REDEEMABLENONCONTROLLING INTERESTSFor the Three Months Ended March 31, 2026 and 2025(in millions, except for share and per share information, unaudited) NEXSTAR MEDIA GROUP, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in millions, unaudited) NEXSTAR MEDIA GROUP, INC.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1: Organization and Business Operations As used in this Quarterly Report on Form 10-Q, “Nexstar” refers to Nexstar Media Group, Inc., a Delawarecorporation, and its consolidated w