TEGNA Inc. Reports Strong Revenue Growth in 2024

TEGNA Inc. ( (TGNA) ) has released its Q4 earnings. Here is a breakdown of the information TEGNA Inc. presented to its investors.

TEGNA Inc. is a media company that operates in the broadcasting sector, providing local news and services through its 64 television stations across 51 U.S. markets, reaching over 100 million people monthly. In its latest earnings report, TEGNA Inc. announced a 20% increase in fourth-quarter revenue to $871 million, driven by strong political advertising revenue. The company also reported a full-year revenue increase of 7% to $3.1 billion, with political advertising contributing significantly to this growth. Key financial metrics include a 76% rise in Adjusted EBITDA for the quarter and a 25% increase for the year, reflecting successful cost-cutting initiatives and strong advertising performance. TEGNA also highlighted strategic partnerships, such as a new agreement with FuboTV and exclusive distribution with the WNBA’s Dallas Wings. Looking ahead, TEGNA’s management remains optimistic about capturing opportunities in both linear TV and digital platforms, supported by a strong balance sheet and strategic initiatives.