TEGNA Inc. ( (TGNA) ) has released its Q2 earnings. Here is a breakdown of the information TEGNA Inc. presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
TEGNA Inc. is a media company that operates 64 television stations across 51 U.S. markets, providing local news and services to over 100 million people monthly through various platforms. In its second quarter of 2025, TEGNA Inc. reported a 5% decrease in total revenue to $675 million, primarily due to lower political advertising revenue and ongoing macroeconomic challenges affecting advertising and marketing services. Despite these challenges, the company maintained its distribution revenue and implemented cost-cutting measures, resulting in a decrease in operating expenses.
Key financial highlights for the quarter include a GAAP net income of $68 million and non-GAAP net income of $71 million, with earnings per share of $0.42 and $0.44, respectively. The company achieved an adjusted EBITDA of $151 million, a 14% decrease from the previous year, attributed to reduced advertising revenue. TEGNA also returned $20 million to shareholders through dividends and maintained a cash reserve of $757 million.
Strategically, TEGNA expanded its local news coverage by adding over 100 hours of daily programming across more than 50 markets, aiming to become a 24/7 digital news organization. The company also renewed its station affiliation agreements with FOX Corporation for six markets. Additionally, TEGNA’s stations received numerous accolades, including 59 Regional Edward R. Murrow Awards.
Looking ahead, TEGNA’s management reaffirms its two-year adjusted free cash flow guidance of $900 million to $1.1 billion and anticipates a decrease in third-quarter revenue due to cyclical factors such as the absence of election year and Summer Olympics events. The company remains focused on its strategic initiatives to enhance local journalism and digital experiences.