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Dec 31, 2024
TEGNA Q4 2024 Earnings Report
TEGNA reported fourth quarter and full-year results, achieving key guidance metrics and reaffirming two-year Adjusted Free Cash Flow guidance.
Key Takeaways
TEGNA Inc. reported a 20% increase in total company revenue to $871 million for the fourth quarter, driven primarily by political advertising strength. GAAP net income attributable to TEGNA Inc. was $181 million, with GAAP earnings per diluted share at $1.11. The company returned $20 million to shareholders through dividends and $50 million through share repurchases during the quarter.
Total company revenue increased 20% to $871 million, driven by political advertising.
Political advertising revenue totaled $187 million for the fourth quarter.
Subscription revenue increased 5% to $357 million.
GAAP net income attributable to TEGNA Inc. was $181 million, or $1.11 per diluted share.
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TEGNA Revenue by Segment
Forward Guidance
TEGNA provided first quarter 2025 key guidance metrics.
Challenges Ahead
- Total Company GAAP Revenue Down - 4% to -7%
- Total Non-GAAP Operating Expenses Flat to up slightly