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TEGNA (TGNA)
NYSE:TGNA
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.45Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 7.81%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with strong revenue growth, particularly from political advertising and digital revenue, and significant progress in cost-cutting initiatives. However, there are challenges in AMS revenue, increased programming expenses, and ongoing advertising sector difficulties, particularly in automotive.Company Guidance
During the Q4 2024 earnings call, TEGNA Inc. provided guidance for both the full year and the first quarter of 2025. They reported a 20% year-over-year increase in Q4 revenue to $871 million, driven by political advertising. For the full year, they achieved $3.1 billion in revenue and $931 million in adjusted EBITDA. TEGNA reaffirmed their 2024-2025 guidance, projecting adjusted EBITDA between $1 billion and $1.1 billion. For Q1 2025, they expect a 4% to 7% revenue decline due to reduced political advertising but anticipate non-GAAP operating expenses to remain flat or increase slightly. The company aims to achieve $90 to $100 million in annualized savings by the end of 2025. TEGNA plans to renew approximately 45% of their traditional MVPD subscribers in 2025, with a focus on leveraging digital revenue growth and operational efficiencies.Record Revenue Growth
TEGNA's total company revenue for the fourth quarter increased 20% year over year to $871 million, and for the full year, revenue grew 7% to $3.1 billion.
Political Advertising Success
TEGNA generated $373 million in political advertising revenue for full year 2024, nearly matching 2020 results despite fewer competitive races.
Digital Revenue Growth
TEGNA reported digital revenue growth year over year, driven by its owned and operated suite of digital products offsetting a slight decline in premium revenue.
Cost-Cutting Initiatives
TEGNA achieved approximately $50 million in annualized savings by the end of 2024, contributing to a target of $90 to $100 million in core non-programming annualized savings by the end of 2025.
Strong Financial Position
TEGNA reported cash and cash equivalents totaling $693 million at year-end, with a net leverage of 2.7 times, below the three times annual guidance.
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TGNA Earnings History
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
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TGNA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $16.51 | $17.81 | +7.87% |
| Nov 07, 2024 | $17.68 | $19.05 | +7.75% |
| Aug 07, 2024 | $14.19 | $13.96 | -1.62% |
| May 08, 2024 | $14.19 | $14.22 | +0.21% |
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.
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FAQ
When does TEGNA (TGNA) report earnings?
TEGNA (TGNA) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is TEGNA (TGNA) earnings time?
TEGNA (TGNA) earnings time is at May 12, 2025, TBA Not 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 (Q1) is 0.33.
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