TEGNA Q4 2021 Earnings Report
Key Takeaways
TEGNA's Q4 2021 results reflect a decrease in total revenue compared to the previous year, primarily due to the absence of political revenue. However, the company saw growth in subscription and AMS revenues. TEGNA achieved net income and reported earnings per share on both GAAP and non-GAAP bases, while managing expenses and maintaining a strong cash position.
Total company revenue decreased by 17 percent year-over-year, impacted by the absence of $238 million in incremental political revenue from Q4 2020.
Subscription revenue increased by seven percent year-over-year, driven by rate increases, but partially offset by subscriber declines and service interruption with DISH.
AMS revenue reached a record $400 million, up 14 percent year-over-year, indicating broad-based strength across advertising categories.
GAAP and non-GAAP earnings per diluted share were $0.58 and $0.57, respectively.
TEGNA
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TEGNA Revenue by Segment
Forward Guidance
TEGNA expects to continue to pay its regular quarterly dividend through the closing of the transaction.
Revenue & Expenses
Visualization of income flow from segment revenue to net income