TEGNA Inc. ( (TGNA) ) has released its Q1 earnings. Here is a breakdown of the information TEGNA Inc. presented to its investors.
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TEGNA Inc. is a media company operating in the broadcast television sector, known for its extensive network of local TV stations across the United States, providing news and entertainment content to millions of viewers.
In its first quarter of 2025, TEGNA Inc. reported a 5% decrease in total revenue, amounting to $680 million, primarily due to lower political advertising revenue and a shift in Super Bowl broadcast affiliations. Despite these challenges, the company maintained its adjusted free cash flow guidance for 2024/2025 and highlighted its strategic focus on digital transformation and local community engagement.
Key financial metrics revealed a flat distribution revenue at $380 million, while advertising and marketing services revenue decreased by 3% to $286 million. The company managed to reduce its GAAP operating expenses by 1% and reported a GAAP net income of $59 million. TEGNA’s adjusted EBITDA fell by 22% to $136 million, attributed to reduced advertising revenue, but was partially offset by cost-cutting measures.
TEGNA’s strategic initiatives included appointing new vice presidents to enhance digital product management and growth, securing local sports broadcasting rights, and expanding advertising capabilities through its Premion platform. These efforts aim to strengthen TEGNA’s competitive position in the evolving media landscape.
Looking ahead, TEGNA remains focused on executing its strategic plans amidst a volatile macroeconomic environment. The company anticipates a slight decline in revenue for the second quarter of 2025 but remains committed to leveraging its strong balance sheet and industry-leading brands to drive future growth.