The earnings call presented a mix of achievements and challenges. While TEGNA showcased strong digital growth, cost efficiency, and favorable regulatory changes, these positives were counterbalanced by revenue declines, changes in reseller partnerships impacting AMS revenue, and flat distribution revenue. The expectations for Q3 also indicate significant challenges in the advertising market.

Company Guidance

In the Q2 2025 Earnings Conference Call, TEGNA Inc. provided guidance for the third quarter and discussed their ongoing strategic initiatives. For Q3, TEGNA expects total company revenue to decline 18% to 20% year-over-year, primarily due to the absence of political and Summer Olympic advertising compared to the previous year. They also anticipate non-GAAP operating expenses to decline 2% to 3% year-over-year. TEGNA reaffirmed its adjusted free cash flow guidance of $900 million to $1.1 billion over the 2024-2025 period and lowered its full-year 2025 interest expense guidance to $160 million to $165 million after redeeming $250 million of senior notes. The company is focused on leveraging technology, automation, and AI to improve operations and cut costs, with a goal of achieving $90 million to $100 million in annualized core non-programming savings by the end of 2025.

Operational Cost Efficiency

TEGNA achieved an 80% completion rate towards its target of $90 million to $100 million in annualized core non-programming savings by the end of 2025. They reported a 3% year-over-year decrease in non-GAAP expenses, driven by operational cost-cutting initiatives, primarily in compensation and outside services.

Strong Digital Growth

TEGNA reported strong double-digit growth year-over-year in its owned and operated digital products for the third consecutive quarter, highlighting the success of its digital strategy.

Positive Regulatory Developments

Significant progress is being made on the regulatory front, with the Eighth U.S. Circuit Court of Appeals vacating the FCC's top 4 prohibition rule. This development is seen as a step forward for TEGNA's strategic options in the broadcasting landscape.

Successful Capital Allocation

TEGNA remains committed to returning 40% to 60% of adjusted free cash flow to shareholders over 2024-2025. They executed a $250 million partial redemption of outstanding senior notes, which contributes to lowering interest expense guidance for 2025.

TEGNA (TGNA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TGNA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.32 / -	0.94	―	―	―
Aug 07, 2025	2025 (Q2)	0.36 / 0.44	0.5	-12.00% (-0.06)	―
May 08, 2025	2025 (Q1)	0.32 / 0.37	0.45	-17.78% (-0.08)	―
Feb 27, 2025	2024 (Q4)	1.18 / 1.21	0.43	181.40% (+0.78)	―
Nov 07, 2024	2024 (Q3)	0.87 / 0.94	0.39	141.03% (+0.55)	―
Aug 07, 2024	2024 (Q2)	0.48 / 0.50	0.44	13.64% (+0.06)	―
May 08, 2024	2024 (Q1)	0.44 / 0.45	0.47	-4.26% (-0.02)
Feb 29, 2024	2023 (Q4)	0.46 / 0.43	0.98	-56.12% (-0.55)
Nov 07, 2023	2023 (Q3)	0.39 / 0.39	0.65	-40.00% (-0.26)
Aug 03, 2023	2023 (Q2)	0.43 / 0.44	0.6	-26.67% (-0.16)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TGNA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$16.26	$14.95	-8.06%
May 08, 2025	$16.44	$16.90	+2.80%
Feb 27, 2025	$16.29	$17.57	+7.86%
Nov 07, 2024	$17.44	$18.80	+7.80%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does TEGNA (TGNA) report earnings?

TEGNA (TGNA) is schdueled to report earning on Nov 05, 2025, Before Open (Confirmed).

What is TEGNA (TGNA) earnings time?

TEGNA (TGNA) earnings time is at Nov 05, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TGNA EPS forecast?

TGNA EPS forecast for the fiscal quarter 2025 (Q3) is 0.32.

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